REG - Beowulf Mining PLC - Publication of Prospectus

Beowulf MiningAnnouncement

13/03/2024 16:45

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RNS Number : 7543G  Beowulf Mining PLC  13 March 2024

 

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CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY
PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN
BEOWULF MINING PLC OR ANY OTHER ENTITY IN ANY JURISDICTION. NEITHER THIS
ANNOUNCEMENT NOR THE FACT OF ITS DISTRIBUTION, SHALL FORM THE BASIS OF, OR BE
RELIED ON INCONNECTION WITH ANY INVESTMENT DECISION IN RESPECT OF BEOWULF
MINING PLC.

 

The information contained within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse Regulation ("MAR")
(EU) No. 596/2014, as incorporated into UK law by the European Union
(Withdrawal) Act 2018 (as amended). Upon the publication of this announcement,
through the agency of the contact person of the Company set out below, this
inside information is now considered to be in the public domain.

 

 

13 March 2024

 

 

Beowulf Mining plc

 

("Beowulf" or the "Company")

 

Publication of Prospectus

 

Beowulf (AIM: BEM; Spotlight: BEO), is pleased to announce that further to the
announcements of 16 February 2024, 4 March 2024 and 12 March 2024, that the
Prospectus in respect of the Company's rights issue of Swedish Depository
Receipts (the "Rights Issue") (the "Prospectus") has been approved by the
Swedish Financial Supervisory Authority and has been published by the Company.
The Prospectus, as it relates to the Rights Issue, is provided in Swedish
only.

 

 

 

The Prospectus is available to view on the Beowulf website at:

 

https://beowulfmining.com/investors/capital-raising-2024/
(https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fbeowulfmining.com%2Finvestors%2Fcapital-raising-2024%2F&data=05%7C02%7CMikkel.Johannesen%40evli.com%7C51bba890976f40024bbf08dc42b6ffa7%7C9458aad0bdd240f2a532cc5ded7c8677%7C0%7C0%7C638458603256743271%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=kZhncyiKyQwwH4i7fYthCzBodeooPVfGGp7v%2Btf8uLI%3D&reserved=0)

 

 

The Prospectus will also be made available to view on the Evli Plc's and
Aqurat Fondkommision's webpages at www.evli.com and www.aqurat.se as well as
at Swedish Financial Supervisory Authority website www.fi.se.

 

Link to relating press releases:

 

https://polaris.brighterir.com/public/beowulf_mining_plc/news/rns/story/w63zplw
(https://polaris.brighterir.com/public/beowulf_mining_plc/news/rns/story/w63zplw)
(16 February 2024)

https://polaris.brighterir.com/public/beowulf_mining_plc/news/rns/story/x81m25w
(https://polaris.brighterir.com/public/beowulf_mining_plc/news/rns/story/x81m25w)
(4 March 2024)

https://polaris.brighterir.com/public/beowulf_mining_plc/news/rns/story/w3pp92x
(https://polaris.brighterir.com/public/beowulf_mining_plc/news/rns/story/w3pp92x)
(12 March 2024)

 

Advisers

 

In relation to the Rights Issue, the Company has engaged Evli Plc as Swedish
financial adviser, Bird & Bird Advokat KB as Swedish legal advisor and
Aqurat Fondkommission AB as Swedish issuing agent.

 

 

 

Enquiries:

 

Beowulf Mining plc

Ed Bowie, Chief Executive Officer
ed.bowie@beowulfmining.com

 

Evli Plc

(Swedish financial adviser)

Mikkel Johannesen / Lars Olof Nilsson               Tel: +46 (0)
73 147 0013

 

SP Angel

(Nominated Adviser & Joint Broker)

Ewan Leggat / Stuart Gledhill / Adam Cowl          Tel: +44 (0) 20
3470 0470

 

Alternative Resource Capital

(Joint Broker)

Alex
Wood
Tel: +44 (0) 20 7186 9004

 

BlytheRay

Tim Blythe / Megan Ray
                                    Tel:
+44 (0) 20 7138 3204

 

 

Cautionary Statement

 

Statements and assumptions made in this document with respect to the Company's
current plans, estimates, strategies and beliefs, and other statements that
are not historical facts, are forward-looking statements about the future
performance of Beowulf. Forward-looking statements include, but are not
limited to, those using words such as "may", "might", "seeks", "expects",
"anticipates", "estimates", "believes", "projects", "plans", strategy",
"forecast" and similar expressions. These statements reflect management's
expectations and assumptions in light of currently available information. They
are subject to a number of risks and uncertainties, including, but not limited
to , (i) changes in the economic, regulatory and political environments in the
countries where Beowulf operates; (ii) changes relating to the geological
information available in respect of the various projects undertaken; (iii)
Beowulf's continued ability to secure enough financing to carry on its
operations as a going concern; (iv) the success of its potential joint
ventures and alliances, if any; (v) metal prices, particularly as regards iron
ore. In the light of the many risks and uncertainties surrounding any mineral
project at an early stage of its development, the actual results could differ
materially from those presented and forecast in this document. Beowulf assumes
no unconditional obligation to immediately update any such statements and/or
forecast.

 

 

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