REG - Celsius Resources Ld - Result of Placing

Celsius ResourcesAnnouncement

12/04/2024 18:00

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RNS Number : 5193K  Celsius Resources Limited  12 April 2024

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED AND ARE
NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
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SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN
OFFER TO SELL OR ISSUE OR A SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE
ACQUIRE ANY SECURITIES IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR
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NOR ANYTHING CONTAINED HEREIN SHALL FORM THE BASIS OF, OR BE RELIED UPON IN
CONNECTION WITH, ANY SUCH OFFER, SOLICITATION OR COMMITMENT WHATSOEVER IN ANY
OF THOSE JURISDICTIONS.

Celsius Resources Limited

("Celsius" or the "Company")

Result of Placing

Celsius (AIM:CLA),  is pleased to announce that, further to its announcement
of 4.30 p.m today, it has successfully completed and closed the Placing to
raise gross proceeds of approximately £1 million.

The Placing has raised, in aggregate, gross proceeds of approximately £1
million through the placing of 162,308,329  new Ordinary Shares ("Placing
Shares") to certain institutional and other investors at a price of 0.6 pence
per share.

The Placing Shares will be issued on or around 18 April 2024, all shares will
be under the Company's pre existing share capital authorities. The Placing
Shares will be issued fully paid and will rank pari passu in all respects with
the Company's existing Ordinary Shares.

The net proceeds of the Placing received by the Company will be used to:

Reasons for the Placing and Use of Proceeds

The Company is undertaking the Placing to progress its corporate and
operational strategy and the net proceeds will therefore be applied towards:

·    Early development works at the MCB Project;

·    Permitting costs at the Sagay Copper-Gold Project;

·    Exploration costs at the Botilao Copper-Gold Prospect; and

·    General working capital

Admission and Total Voting Rights

Application has been made to the London Stock Exchange for admission of the
Placing Shares to trading on AIM (the "Admission"). It is expected that
Admission will become effective and dealings in the Placing Shares will
commence at 8.00 a.m. on or around 18 April  2024.

Admission is conditional, inter alia, upon the Admission becoming effective
and the Placing Agreement being executed and not having been terminated and
becoming unconditional in respect of the Placing Shares. The Placing does not
require Shareholder approval as the Placing Shares will be issued pursuant to
the Company's pre-existing share capital authorities granted at its previous
general meeting.

Following Admission, the total number of Ordinary Shares in the capital of the
Company in issue will be 2,408,359,991 Ordinary Shares with voting rights.
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 Company's share
capital.

 

Capitalised terms used but not defined in this announcement have the meanings
given to them in the Company's announcement released this morning in respect
of the Placing unless the context provides otherwise.

 For further information contact:

 

 

 Celsius Resources Limited
 Peter Hume                                                  P: +61 8 9482 0500

 (Managing Director)                                         E: info@celsiusresources.com.au (mailto:info@celsiusresources.com.au)

                                                             W: www.celsiusresources.com (http://www.celsiusresources.com/)

 Multiplier Media (Australian Media Contact)                 M: +61 402 075 707

 Jon Cuthbert                                                E: jon.cuthbert@multiplier.com.au (mailto:jon.cuthbert@multiplier.com.au)

 Beaumont Cornish Limited (Nominated Adviser)

 Roland Cornish/Felicity Geidt/Andrew Price                  P: +44 (0) 207 628 3396

                                                             E: corpfin@b-cornish.co.uk (mailto:corpfin@b-cornish.co.uk)

 WH Ireland (Broker)                                          P: +44 (0) 20 7220 1666
 Harry Ansell / James Joyce / James Bavister / Isaac Hooper

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.

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