REG - Alien Metals Limited - Result of Placing and TVR

Alien MetalsAnnouncement

10/08/2023 08:15

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RNS Number : 9321I  Alien Metals Limited  10 August 2023

 

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION,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.

 

10 August 2023

Alien Metals Ltd

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

 

Result of Placing and TVR

 

Alien Metals Ltd (LSE AIM:UFO), a global minerals exploration and development
company, announces that, further to its announcement of 5.12 p.m. (London
time) yesterday, it has successfully completed and closed the Placing (the
"Fundraise").

 

The Fundraise has raised, in aggregate, gross proceeds of £2 million through
the placing of 1,000,000,000 new Common Shares to certain investors at a price
of 0.2 pence per share. The Placing Price represents a discount of
approximately 29 per cent. to the Closing Price of 0.28 pence per Common Share
on 8 August 2023, being the latest practicable business day prior to the
publication of yesterday's announcement.

 

The net proceeds of the Fundraise will be applied towards:

 

·    Funding UK and Australian salaries, overheads, corporate activities
and working capital, until early 2024

·    Funding exploration activities particularly around Native title
negotiations and field heritage surveys at Hancock

·    Funding exploration activities at Pinderi Hills, an area which
includes Elizabeth Hill and Munni Munni

 

As part of the Placing and included above, the company will issue WH Ireland
Limited with 39,930,144 new Common Shares in lieu of fees.

 

Director & PDMR Participation

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

·    Alwyn Vorster, Non-Executive Chairman, participated in the Fundraise
for, in aggregate, 12,500,000 new Common Shares at the Placing Price. The
total Common Shares in the Company in which Alwyn Vorster is interested,
immediately following Admission, will be 12,500,000 Common Shares representing
approximately 0.2% of the Enlarged Issued Share Capital; and

·    Troy Whittaker, CEO, participated in the Fundraise for, in aggregate,
12,500,000 new Common Shares at the Placing Price. The total Common Shares in
the Company held by Troy Whittaker, immediately following Admission, will be
is 31,309,524 Common Shares representing approximately 0.5% of the Enlarged
Issued Share Capital.

Admission and Total Voting Rights

Application will be made to the London Stock Exchange for admission of the
1,000,000,000 Common Shares to trading on AIM. It is expected that admission
will become effective and dealings in the Common Shares will commence on AIM
at 8.00 a.m. on 17 August 2023 (or such later date as may be agreed between
the Company and the Bookrunner, but no later than 31 August 2023).

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

Following Admission, the total number of Common Shares in the capital of the
Company in issue will be 6,335,479,174 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 issued 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
5.12 p.m. on 9 August 2023, unless the context requires otherwise.

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

Alien Metals Limited

Troy Whittaker
T: +44 (0) 20 7138 3204 (c/o BlytheRay)

WH Ireland Limited (Broker and Bookrunner)

Harry Ansell/Dan Bristowe/Katy Mitchell/Andrew de Andrade

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

BlytheRay (Financial PR)

Tim Blythe / Megan Ray / Said Izagaren
Tel: +44 (0) 20 7138 3204

 

Alwyn Vorster

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

 a)  Name                                                         Alwyn Vorster
 2   Reason for notification
 a)  Position / status                                            Non-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  12,500,000 Common Shares of Alien Metals Limited

     Identification code                                          ISIN VGG017351021

     Nature of the transaction                                    Director's participation in a Placing

 c)  Price(s) and volumes(s)

Price(s)   Volumes(s)
                                                                  0.2 pence  12,500,000

 

 d)  Aggregated information                                       n/a
 e)  Date of the transaction                                      10 August 2023
 f)  Place of the transaction                                     Outside a trading venue

 

 

d)

Aggregated information

n/a

e)

Date of the transaction

10 August 2023

f)

Place of the transaction

Outside a trading venue

 

Troy Whittaker

 

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

 a)  Name                                                         Troy Whittaker
 2   Reason for notification
 a)  Position / status                                            CEO
 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  12,500,000 Common Shares of Alien Metals Limited

     Identification code                                          ISIN VGG017351021

     Nature of the transaction                                    CEO (Non-Board) participation in a Placing

 c)  Price(s) and volumes(s)

Price(s)   Volumes(s)
                                                                  0.2 pence  12,500,000

 

 d)  Aggregated information                                       n/a
 e)  Date of the transaction                                      10 August 2023
 f)  Place of the transaction                                     Outside a trading venue

 

 

d)

Aggregated information

n/a

e)

Date of the transaction

10 August 2023

f)

Place of the transaction

Outside a trading venue

 

 

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