REG - AIM Halo Minerals PLC - Schedule One Update - Halo Minerals Plc

Assicurazioni Generali SpAAnnouncement

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RNS Number : 6463W  AIM  16 March 2026

 

 

 ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE
 WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

 COMPANY NAME:
 Halo Minerals PLC ("Halo" or the "Company")

 COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS
 (INCLUDING POSTCODES) :
 85 Great Portland Street, First Floor, London, W1W 7LT

 COUNTRY OF INCORPORATION:
 England & Wales

 COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:
 https://halominerals.co.uk/ (https://halominerals.co.uk/)

 COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN
 INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY).  IF THE ADMISSION IS
 SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE
 STATED:
 Halo Minerals plc (company number 06370792) is a mineral development company
 focused on the evaluation and potential development of mineral assets. The
 Company's principal asset is the Playa Verde Project comprising 6 mining
 concessions over an area of approximately 13.57km(2) of copper-bearing
 tailings located in the coastal town of Chañaral in the Atacama Region of
 northern Chile. The Company plans to advance the Playa Verde Project on an
 accelerated timeline to production, utilising the funds raised on Admission,
 which is expected to take the project to a final investment decision, or to a
 stage when alternative material project funding options are available for the
 Project. Following any such decision being made or funding obtained, the
 Company would intend to begin the construction phase of the Project. The
 Company also intends to pursue additional growth opportunities in Chile and
 potentially in other international jurisdictions.

 In March 2025, the Company acquired the Copper Bay Group, through which the
 Playa Verde Project is held. The total consideration payable for the
 acquisition of the Copper Bay Group is US$7.5 million. This is payable on a
 deferred milestone basis with the first instalment of $3.75 million, which
 will become payable on the production of 7,500 tonnes of copper (either in
 cathode or concentrate form) from the Project, and the balance of $3.75
 million when production reaches 15,000 tonnes.

 The Company intends to reclaim and process the copper tailings in a
 purpose-built facility using low-cost conventional technologies to produce
 copper cathodes and a copper concentrate.

 DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER
 OF THE SECURITIES (i.e. where known, number and type of shares, nominal value
 and issue price to which it seeks admission and the number and type to be held
 as treasury shares):
 Number of ordinary shares on Admission: 110,744,590 ordinary shares of £0.001
 each in the capital of the Company ("Ordinary Shares")

 Issue Price per Ordinary Share: 18 pence

 Each Ordinary Share carries one vote and the right to dividends.

 There are no restrictions as to the transfer of the Ordinary Shares.

 No Ordinary Shares will be held as treasury shares on Admission.

 CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING) AND ANTICIPATED
 MARKET CAPITALISATION ON ADMISSION:
 Capital to be raised on Admission: £4 million

 Anticipated market capitalisation on Admission: approximately £20 million

 PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:
 58.4%

 DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES
 (OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED OR TRADED:
 None

 THE COMPANY HAS APPLIED FOR THE VOLUNTARY CARBON MARKET DESIGNATION (Y/N)
 N

 FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the
 first name by which each is known or including any other name by which each is
 known):
 Andrew ("Andy") Denis Dennan - Chief Executive Officer

 Francis ("Frank") Paul Jackson - Chief Financial Officer

 Erick Pegot-Ogier Pelagatti - Chief Operating Officer

 David James Minchin - Senior Independent Non-executive Director

 Daniel ("Dan") James Bloor - Independent Non-executive Director

 FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE
 OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first
 name by which each is known or including any other name by which each is
 known):
 Name                     % of the issued share capital before Admission  % of the issued share capital on Admission
 MBD Partners S.A.        27.52%                                          21.14%
 Atacama Investments Ltd  18.34%                                          14.10%
 John Bolitho             17.58%                                          13.50%
 C4 Energy Ltd            10.41%                                          8.00%
 Acorn Finance Limited    2.88%                                           3.47%
 Peel Hunt Limited        1.15%                                           3.39%
 NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH
 (H) OF THE AIM RULES:
 N/A

 (i)         ANTICIPATED ACCOUNTING REFERENCE DATE

 (ii)        DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE
 ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited
 interim financial information)

 (iii)       DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS
 PURSUANT TO AIM RULES 18 AND 19:
 (i)         31 December

 (ii)        Unaudited interim results to 30 June 2025

 (iii)       30 June 2026, 30 September 2026, 30 June 2027

 EXPECTED ADMISSION DATE:
 30 March 2026

 NAME AND ADDRESS OF NOMINATED ADVISER:
 Cairn Financial Advisers LLP

 9(th) Floor, 107 Cheapside,

 London, EC2V 6DN

 United Kingdom

 NAME AND ADDRESS OF BROKER:
 Global Investment Strategy UK Limited

 200 Aldersgate Street

 London EC1A 4HD

 OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR
 INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A
 STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE
 ADMISSION OF ITS SECURITIES:
 A copy of the Admission Document will contain full details about the applicant
 and the admission of its securities, and will be available from the Company's
 website at: https://halominerals.co.uk/ (https://halominerals.co.uk/) from
 Admission.

 THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY
 QCA Corporate Governance Code

 DATE OF NOTIFICATION:
 16 March 2026

 NEW/ UPDATE:
 Update

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH
(H) OF THE AIM RULES:

N/A

 

(i)         ANTICIPATED ACCOUNTING REFERENCE DATE

(ii)        DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE
ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited
interim financial information)

(iii)       DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS
PURSUANT TO AIM RULES 18 AND 19:

(i)         31 December

 

(ii)        Unaudited interim results to 30 June 2025

 

(iii)       30 June 2026, 30 September 2026, 30 June 2027

 

 

 

 

EXPECTED ADMISSION DATE:

30 March 2026

 

NAME AND ADDRESS OF NOMINATED ADVISER:

Cairn Financial Advisers LLP

9(th) Floor, 107 Cheapside,

London, EC2V 6DN

United Kingdom

 

 

NAME AND ADDRESS OF BROKER:

Global Investment Strategy UK Limited

200 Aldersgate Street

London EC1A 4HD

 

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR
INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A
STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE
ADMISSION OF ITS SECURITIES:

A copy of the Admission Document will contain full details about the applicant
and the admission of its securities, and will be available from the Company's
website at: https://halominerals.co.uk/ (https://halominerals.co.uk/) from
Admission.

 

THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY

QCA Corporate Governance Code

 

DATE OF NOTIFICATION:

16 March 2026

 

NEW/ UPDATE:

Update

 

 

 

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