REG - Alien Metals Limited - Result of Placing and TVR

Alien MetalsAnnouncement

01/08/2024 11:30

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RNS Number : 8173Y  Alien Metals Limited  01 August 2024

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION,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

 

1 August 2024

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 11:01 a.m. (London
time) today (the "Announcement"), it has successfully completed and closed the
Placing.

 

The Placing has raised, in aggregate, gross proceeds of £0.6 million through
the placing of 545,454,545 new Common Shares to certain investors at a price
of 0.11 pence per share. The Placing Price represents a discount of
approximately 10.2 per cent. to the Closing Price of 0.1225 pence per Common
Share on 31 July 2024, being the latest practicable business day prior to the
publication of the Announcement.

 

The net proceeds of the Placing will be principally used to advance the
Company's iron ore project, and silver and precious metals project, in Western
Australia and for general working capital purposes.

 

Admission and Total Voting Rights

Application has been made to the London Stock Exchange for admission of the
545,454,545 Placing Shares to trading on AIM. It is expected that admission
will become effective and dealings in the Placing Shares will commence on AIM
at 8.00 a.m. on 7 August 2024 (or such later date as may be agreed between the
Company and the Bookrunner, but no later than 31 August 2024).

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 7,509,915,386 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 Announcement, 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

Guy Robertson
T: +44 (0)20 7983 521488 (c/o Yellow Jersey)

Zeus Capital Limited (Broker and Bookrunner)
Harry Ansell/Dan Bristowe/Katy Mitchell/Andrew de Andrade

Tel: +44 (0) 203 829 5000

Strand Hanson (Nominated Adviser)
James Harris / James Dance / Robert Collins

Tel: +44 (0) 207 409 3494

CMC Markets (Joint Broker)

Douglas Crippen

Tel: +44 (0) 203 003 8632

Yellow Jersey PR (Financial PR)

Charles Goodwin / Shivantha Thambirajah / Zara McKinlay

Tel: +44 (0) 20 3004 9512
alienmetals@yellowjerseypr.com (mailto:alienmetals@yellowjerseypr.com)

 

 

 

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