Alba Mineral Resrcs. - Share Placing

Arkadian Strategic Metals

04/03/2025 07:00

RNS Number : 1741Z

Alba Mineral Resources PLC

04 March 2025

 

Alba Mineral Resources Plc / EPIC: ALBA / Market: AIM / Sector: Mining

4 March 2025

Alba Mineral Resources plc

 

("Alba" or "the Company")

 

Share Placing

 

Alba Mineral Resources plc (AIM: ALBA) is pleased to announce that it has raised £75,000 (before expenses) in a share placing to an institutional investor, involving the issue of 600,000,000 new ordinary shares at a price of 0.0125 pence per ordinary share (the "Issue Price") (the "Placing"), conditional on the admission of such new ordinary shares to trading on AIM.

 

Admission to AIM

 

Application will be made for the new ordinary shares to be admitted to trading on AIM ("Admission"). It is expected that Admission of the new ordinary shares will become effective at 8.00 a.m. on or around 7 March 2025. The new ordinary shares will be issued credited as fully paid and will rank in full for all dividends and other distributions declared, made or paid after Admission and will otherwise rank on Admission pari passu in all respects with the existing ordinary shares.

 

Total Voting Rights

 

Following Admission, the total number of ordinary shares in issue will be 11,541,721,949. The Company does not hold any ordinary shares in treasury. Therefore, the total number of ordinary shares with voting rights will be 11,541,721,949. This figure may be used by shareholders in the Company 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 share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

 

 

This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.

 

**ENDS**

 

 For further information, please visit www.albamineralresources.com or contact:

Alba Mineral Resources plc
George Frangeskides, Executive Chairman
+44 20 3950 0725
SPARK Advisory Partners Limited (Nomad)
Andrew Emmott
+44 20 3368 3555
CMC Markets plc (Broker)
Thomas Smith / Douglas Crippen
+44 (0) 20 3003 8632

 

 

Alba's Projects & Investments
Projects Operated by Alba
Location
Ownership
Clogau (gold)
Wales
100%
Dolgellau Gold Exploration (gold)
Wales
100%
Gwynfynydd (gold)
Wales
100%
Investments Held by Alba
Location
Ownership
GreenRoc Strategic MaterialsPlc (graphite - anode)
Greenland
28.14%
Horse Hill (oil)
England
11.765%
Earn-in Projects
Location
Earn-in Rights
Finnsbo (rare earths, copper, gold)
Sweden
Up to 100%
Optioned Projects
Location
Further details
Norrby (gold, other metals)
Sweden
RNS 6/11/24
Glava (copper, gold)
Sweden
RNS 6/11/24

 

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