REG - Celsius Resources Ld - Result of Placing

Celsius ResourcesAnnouncement

10/12/2024 17:15

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RNS Number : 5676P  Celsius Resources Limited  10 December 2024

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED AND ARE
NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF
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
SOLICITATION WOULD BE UNLAWFUL, INCLUDING THE UNITED STATES, CANADA,
AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA. NEITHER THIS ANNOUNCEMENT
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.

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO
CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION
(EU) NO. 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW PURSUANT TO THE EUROPEAN
UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON THE PUBLICATION OF THIS
ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS
CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

Celsius Resources Limited

("Celsius" or the "Company")

Result of Placing

Celsius (AIM:CLA),  is pleased to announce that, further to its announcement
of 4.35 p.m today, it has successfully completed and closed the Placing to
raise gross proceeds of approximately £350,000.

The Placing has raised, in aggregate, gross proceeds of approximately
£350,000 through the placing of 87,500,000 new Ordinary Shares ("Placing
Shares") to certain institutional and other investors at a price of 0.4 pence
per share.

The Placing Shares will be issued on or around 16 December 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.

In addition, the Company will be issuing 43,750,000 Placing Warrants to
Placees. The Placing Warrants are exercisable at any time from the date of
issue until 31 December 2026 at a price of 0.5 pence per Ordinary Share. The
warrant certificates will be issued by the Company to the respective investors
after the date of Admission (which is expected to become effective on or
around 16 December 2024).

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 16 2024.

Admission is conditional, inter alia, upon the Placing Agreement 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  2,658,524,501 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
Mark van Kerkwijk
T: +61 8 9324 4516

Zeus (Broker and Bookrunner)
Harry Ansell / James Joyce / James Bavister

Tel: +44 (0) 203 829 5000

Beaumont Cornish Limited (Nominated Adviser)
Roland Cornish/Felicity Geidt/Andrew Price

Tel: +44 (0) 207 628 3396

Multiplier Media (Australian Media Contact)
Jon Cuthbert

Tel:  +61 402 075 707

 

 

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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