REG - Asiamet Resources Ld - Completion of Subscription

Asiamet ResourcesAnnouncement

15/07/2025 16:00

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RNS Number : 1730R  Asiamet Resources Limited  15 July 2025

15 July 2025

 

Asiamet Resources Limited

("Asiamet" or the "Company")

Completion of Subscription, Significant Shareholder Update and TVR

Further to its announcement of 29 May 2025, the Company announces the
settlement of Tranche 2 of the Subscription with BUMA, raising gross proceeds
approximately US$1.5 million through the issue of 141,909,995 Tranche 2
Shares. Accordingly, the Subscription has raised aggregate gross proceeds of
approximately £1.9 million (approximately US$2.5 million).

Admission and Total Voting Rights

Application has been made to the London Stock Exchange for the admission to
trading on AIM of the 141,909,995 Tranche 2 Shares, which is expected to occur
at 8:00 a.m. (BST) on or around 18 July 2025 ("Tranche 2 Admission").

Following Tranche 2 Admission, the Company's issued share capital will
comprise 3,212,984,642 Common Shares, with no shares held in treasury. This
figure may be used by shareholders in the Company as the denominator for
calculating notifiable interests under the FCA's Disclosure Guidance and
Transparency Rules.

Following Tranche 2 Admission, BUMA will be interested in 1,432,275,431 Common
Shares, representing 44.6% of Asiamet's issued share capital.

Unless otherwise defined herein, defined terms used shall have the same
meanings as ascribed to them in the Company's announcement of 29 May 2025.

 

ON BEHALF OF THE BOARD OF DIRECTORS

Tony Manini, Chairman

 

-Ends-

 

For further information, please contact:

Tony Manini
Chairman, Asiamet Resources Limited

Email: tony.manini@asiametresources.com
(mailto:tony.manini@asiametresources.com)

 

Darryn McClelland
Chief Executive Officer, Asiamet Resources Limited

Email: darryn.mcclelland@asiametresources.com
(mailto:darryn.mcclelland@asiametresources.com)

 

Investor Enquiries

Sasha Sethi

Telephone: +44 (0) 7891 677 441

Email: Sasha@flowcomms.com (mailto:Sasha@flowcomms.com) /
info@asiametresources.com

Nominated Adviser
Strand Hanson Limited

James Spinney / James Dance / Rob Patrick

Telephone: +44 20 7409 3494

Email: asiamet@strandhanson.co.uk (mailto:asiamet@strandhanson.co.uk)

 

Broker

Shore Capital

Toby Gibbs / George Payne

Telephone: +44 20 7408 4050

 

Follow us on X @AsiametTweets

 

 

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