REG - Alien Metals Limited - Result of Placing and Subscription

Alien MetalsAnnouncement

08/09/2022 07:00

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RNS Number : 6903Y  Alien Metals Limited  08 September 2022

 

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION,
RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR
INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA
OR NEW ZEALAND OR IN OR INTO ANY OTHER JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A BREACH OF ANY APPLICABLE LAW OR REGULATION.

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT ITSELF
CONSTITUTE A PROSPECTUS OR OFFERING MEMORANDUM OR AN OFFER FOR SALE OR
SUBSCRIPTION IN RESPECT OF ANY SECURITIES IN THE COMPANY. THIS ANNOUNCEMENT
DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION,
OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE
OF ANY SECURITIES OF ALIEN METALS LTD IN ANY JURISDICTION WHERE TO DO SO WOULD
BREACH ANY APPLICABLE LAW OR REGULATION.

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO
CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION
(EU) NO. 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW PURSUANT TO THE
EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON THE PUBLICATION OF
THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS
CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

8 September 2022

Alien Metals Ltd

("Alien Metals", the "Company" or the "Group") (AIM: UFO, FWB: I3A1)

 

Result of Placing and Subscription

Issue of Director and PDMR Options

 

Alien Metals Ltd (LSE AIM:UFO), a global minerals exploration and development
company, announces that, further to its announcement of 5.04pm (London time)
yesterday, it has successfully completed and closed the Placing and
Subscription (the "Fundraise").

 

The Fundraise has raised, in aggregate, gross proceeds of £1.5 million
through the placing of 300,000,000 new Common Shares to certain investors at a
price of 0.5 pence per share.

 

The net proceeds of the Fundraise will be applied towards:

 

-      To accelerate its previously announced drilling program at the
Brockman Iron Ore Project

-      To progress a new drilling program at Sirius Ext Target Hancock

-      To accelerate its previously announced drilling programme for
metallurgical samples at Munni Munni

-      To progress a geochemical programme for the Munni Munni Project
area

-      To upgrade database and geological software to support the Munni
Munni project development

-      To progress a resource review (and update) for the Munni Munni
Project

-      For general working capital purposes

 

Director & PDMR Participation

A Director of the Company and a PDMR participated in the Fundraise as follows:

·    Roderick McIllree, a director and Chairman, participated in the
Fundraise for, in aggregate, 50,000,000 new Common Shares at the Placing
Price. The total Common Shares in the Company now held by Roderick McIllree is
50,000,000 Common Shares representing 0.99% of the issued share capital of the
Company following the Fundraise; and

·    Bill Brodie Good, CEO, participated in the Fundraise for, in
aggregate, 2,000,000 new Common Shares at the Placing Price. The total Common
Shares in the Company now held by Bill Brodie Good is 3,500,000 Common Shares
representing 0.07% of the issued share capital of the Company following the
Fundraise.

Admission and Total Voting Rights

Application will be made to the London Stock Exchange for admission of the
300,000,000 Common Shares to trading on AIM. It is expected that admission
will become effective and dealings in the Commons Shares commence on AIM at
8.00 a.m. on 16 September 2022 (or such later date as may be agreed between
the Company and the Bookrunner, but no later than 30 September 2022).

The Placing Shares and the Subscription Shares will be issued fully paid and
will rank pari passu in all respects with the Company's existing Ordinary
Shares.

Following Admission, the total number of Common Shares in the capital of the
Company in issue will be 5,062,336,801 with voting rights. This figure may be
used by shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or a change
to their interest in, the Company's share capital pursuant to the Company's
Articles.

Capitalised terms used but not otherwise defined in this announcement shall
have the meanings ascribed to such terms in the Company's announcement made at
5.04pm on 7 September 2022, unless the context requires otherwise.

Issue of Director and PDMR Options

The Company has also completed the issue of the Options as detailed in the
announcements made at 7.00am and 5.04pm yesterday. As such the Directors hold
the following Options in the Company:

 Director        No. of Options  Exercise (Pence)  Exercisable from      Exercisable to
 Dan Smith       3,085,627       0.25              29 June 2019          28 March 2024

                 3,085,627       0.25              29 September 2019     28 March 2024

                 6,171,255       0.25              29 March 2020         28 March 2024

                 10,000,000      0.8               16 March 2023         16  September 2027

                 10,000,000      1.0               16 September 2023     16  September 2027

                 12,500,000      1.2               16  September 2023    16  September 2027

                 12,500,000      1.4               16  September 2023    16  September 2027
 Rod McIllree    55,000,000      0.8               16 March 2023         16 September 2027

                 55,000,000      1.0               16 September 2023     16 September 2027

                 60,000,000      1.2               16 September 2023     16 September 2027

                 60,000,000      1.4               16 September 2023     16 September 2027
 Jo Battershill  10,000,000      1.11              22 April 2022         22 October 2024

                 10,000,000      1.115             22 April 2022         22 October 2024

                 15,000,000      1.45              22 April 2022         22 October 2024

                 7,500,000       1.0               16 March 2023         16 September 2027

                 7,500,000       1.2               16 September 2023     16 September 2027
 Mark Culbert    1,875,000       0.45              1 March 2021          30 August 2023

                 1,875,000       0.50              1 September 2021      30 August 2023

                 3,750,000       0.55              1 September 2021      30 August 2023

 

For further information on the Company, please visit www.alienmetals.uk
(http://www.alienmetals.uk)  or contact:

Alien Metals Ltd

Roderick McIllree, Executive Chairman

(via St-James' Corporate Services, Company Secretary)

Tel: +44 20 7796 8644

 

WH Ireland Limited (Joint Broker and Bookrunner)

Harry Ansell/Dan Bristowe/Katy Mitchell/Megan Liddell

T: +44 (0)20 7 220 1666

Beaumont Cornish Limited (Nominated Adviser)

James Biddle/Roland Cornish

www.beaumontcornish.com (http://www.beaumontcornish.com)

T: +44 (0)20 7628 3396

Turner Pope Investments (TPI) Limited (Joint Broker)

Andy Thacker/James Pope

T: +44 (0)20 3657 0050

Yellow Jersey PR (Financial PR)

Sarah Hollins / Laurie Gellhorn / James Lingfield

alienmetals@yellowjerseypr.com (mailto:alienmetals@yellowjerseypr.com)

Tel: +44 (0) 20 3004 9512

 

Roderick McIllree

 1   Details of the person discharging managerial responsibilities / person closely
     associated

 a)  Name                                                         Roderick McIllree

 2   Reason for notification
 a)  Position / status                                            Executive Chairman
 b)  Initial notification                                         Initial

     /Amendment
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Alien Metals Limited

 b)  LEI                                                          213800KS2BKR6QBRHE44

 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  50,000,000 Common Shares of Alien Metals Limited

     Identification code                                          ISIN VGG017351021

     Nature of the transaction                                    Director's participation in a Subscription

 c)  Price(s) and volumes(s)

Price(s)   Volumes(s)
                                                                  0.5 pence  50,000,000

 

 d)  Aggregated information                                       n/a
 e)  Date of the transaction                                      7 September 2022
 f)  Place of the transaction                                     London Stock Exchange, AIM (XLON)

 

 

d)

Aggregated information

n/a

e)

Date of the transaction

7 September 2022

f)

Place of the transaction

London Stock Exchange, AIM (XLON)

 

Bill Brodie Good

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated

 a)  Name                                                         Bill Brodie Good

 2   Reason for notification
 a)  Position / status                                            CEO (non-board)
 b)  Initial notification                                         Initial

     /Amendment
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Alien Metals Limited

 b)  LEI                                                          213800KS2BKR6QBRHE44

 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  2,000,000 Common Shares of Alien Metals Limited

     Identification code                                          ISIN VGG017351021

     Nature of the transaction                                    Director's participation in a Subscription

 c)  Price(s) and volumes(s)

Price(s)   Volumes(s)
                                                                  0.5 pence  2,000,000

 

 d)  Aggregated information                                       n/a
 e)  Date of the transaction                                      7 September 2022
 f)  Place of the transaction                                     London Stock Exchange, AIM (XLON)

 

 

d)

Aggregated information

n/a

e)

Date of the transaction

7 September 2022

f)

Place of the transaction

London Stock Exchange, AIM (XLON)

 

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