REG - Aterian PLC - Issue of Equity and Grant of Warrants

AterianAnnouncement

25/09/2024 07:00

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RNS Number : 5041F  Aterian PLC  25 September 2024

25 September 2024

 

Aterian Plc

("Aterian" or the "Company")

 

Issue of Equity and Grant of Warrants

 

Aterian Plc (LSE: ATN), the critical and strategic metal-focused exploration
and development company, announces the issue of 13,534 new ordinary shares of
10p ("New Ordinary Shares") at a price of 70p per share to a financial
investor as part of its trade finance funding arrangement. The Company has
also granted the investor 81,256 warrants to subscribe for new ordinary
shares, exercisable at £1.00 per share at any time until 30 August 2027.

Application is being made for the 13,534 New Ordinary Shares to be admitted to
the Official List and to trading on the Main Market of the London Stock
Exchange which is expected to be on or around 30 September 2024. These shares
rank pari passu with the existing ordinary shares of the Company.

Following the issue of the 13,534 New Ordinary Shares, the Company's issued
ordinary share capital shall consist of 11,679,810 ordinary shares.

This figure of 11,679,810 represents the total voting rights in the Company
and should be used by shareholders as the denominator for the calculation by
which they can determine if they are required to notify their interest in, or
a change to their interest in, the Company under the Financial Conduct
Authority's Disclosure Guidance & Transparency Rules.

 

This announcement contains information which, prior to its disclosure, was
inside information as stipulated under Regulation 11 of the Market Abuse
(Amendment) (EU Exit) Regulations 2019/310 (as amended).

For further information, please visit the Company's website:
www.aterianplc.com (http://www.aterianplc.com) or contact:

Aterian Plc:

Charles Bray, Executive Chairman - charles.bray@aterianplc.com

Simon Rollason, Director - simon.rollason@aterianplc.com

 

Financial Adviser and Joint Broker:

Novum Securities Limited

David Coffman / George Duxberry

Colin Rowbury

Tel: +44 (0)207 399 9400

 

Joint Broker:

SP Angel Corporate Finance LLP

Ewan Leggat / Kasia Brzozowska

Tel: +44 20 3470 0470

 

Financial PR:

Bald Voodoo - ben@baldvoodoo.com

Ben Kilbey

Tel: +44 (0)7811 209 344

 

Notes to Editors:

 

About Aterian plc

www.aterianplc.com (http://www.aterianplc.com)

Aterian plc is an LSE-listed exploration and development company with a
diversified African portfolio of critical metals projects.

Aterian plc is actively seeking to acquire and develop new critical metal
resources to strengthen its existing asset base whilst supporting ethical and
sustainable supply chains as the world transitions to a sustainable, renewable
future. The supply of these metals is vital for the development of the
renewable energy, automotive and electronic manufacturing sectors that are
playing an increasing role in reducing carbon emissions and meeting climate
ambitions globally.

The Company entered into a joint venture agreement with Rio Tinto Mining and
Exploration Limited for Rio Tinto to earn into the HCK project in southern
Rwanda to explore and develop lithium-tantalum-niobium-tin mining operations.
Aterian currently holds a portfolio of multiple copper-silver and base metal
projects in the Kingdom of Morocco, with a total area of 897 km2. In January
2024, the Company announced the acquisition of a 90 % interest in Atlantis
Metals. This private Botswana registered company holds seven mineral
prospecting licences for copper-silver in the Kalahari Copperbelt and three
for lithium brine exploration in the Makgadikgadi Pans region. The total
licence area in Botswana is 4,486 km2.

The Company's strategy is to seek new exploration and production opportunities
across the African continent and to develop new sources of critical mineral
assets for exploration, development, and trading.

 

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