REG - Celsius Resources Ld - Tranche 2 Placement Update

Celsius ResourcesAnnouncement

09/05/2025 08:30

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RNS Number : 0550I  Celsius Resources Limited  09 May 2025

 

ASX/AIM RELEASE

09 MAY 2025

 

Tranche 2 Placement Update

 

Celsius Resources Limited (Celsius or CLA) (ASX, AIM:CLA) will issue an
additional free-attaching option to Tranche 2 participants of the placement
announced on 10 March 2025 ("Placement"), on a 1-for-2 basis, subject to
shareholder approval being received ("Additional Options"). Shareholders
approved the issue of the Tranche 2 Placement securities at the general
meeting held on 28 April 2025 ("General Meeting")  1  (#_ftn1) .

 

Given current market conditions and escalating geopolitical and macroeconomic
uncertainty, the Company, having been advised by its Placement adviser, is
issuing the Additional Options as a good faith measure for investors'
continued support of the Company's business and ongoing operations.

 

The Additional Options will be issued on the same terms as those
free-attaching options approved at the General Meeting, and as the
participants in Tranche 1 and Tranche 2 of the Placement are identical, all
Placement participants will be entitled to these Additional Options.

 

The Placement options, exercisable at A$0.01 each and expiring 3 years from
issue date, were approved by shareholders at the General Meeting, and are
proposed to be quoted on ASX subject to satisfying ASX's conditions for
admission of a new class of quoted securities ("ASX Conditions"). The Company
is currently in the process of preparing a prospectus in connection with the
issue of  the Placement options and, subject to the receipt of shareholder
approval, the Additional Options ("Prospectus"). The Additional Options are
also proposed to be quoted. In the event the ASX Conditions are not
satisfied, then the Placement options and Additional Options will still be
issued but as unquoted options. The Tranche 2 placement securities are
expected to be issued on or around 16 May 2025.

 

As announced on 19 March 2025, Directors Mark van Kerkwijk and Paul Dudley
participated in Tranche 2 of the Placement on the same terms as other
un-related investors and are also entitled to receive the Additional Options
on the same terms. Silvercorp Metals, Inc. will also be entitled to receive
Additional Options in accordance with its equity participation right as
announced on 15 May 2023.

 

A further announcement will be made in due course.

 

 

This announcement has been authorised by the Board of Directors of Celsius
Resources Limited.

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the
European Union (Withdrawal) Act 2018.

 

Celsius Resources Contact Information

Level 5, 191 St. Georges Terrace

Perth WA 6000

 

PO Box 7059

Cloisters Square PO

Perth WA 6850

 

P: +61 8 9324 4516

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

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

 

 Celsius Resources Limited
 Mark van Kerkwijk                                                   P: +61 8 9324 4516

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

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

 Multiplier Media                                                    M: +61 402 075 707

 (Australia Media Contact)                                           E: jon.cuthbert@multiplier.com.au (mailto:jon.cuthbert@multiplier.com.au)

 Jon Cuthbert

 Beaumont Cornish Limited

 (Nominated Adviser)                                                 P: +44 (0) 207 628 3396

 Roland Cornish/Felicity Geidt/Andrew Price

 Zeus Capital Limited (Broker)

 Harry Ansell/James Joyce/James Bavister                             P: +44 (0) 20 3 829 5000

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by 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 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.

 

Forward Looking Statements

 

Some of the statements appearing in this announcement may be in the nature of
forward-looking statements. You should be aware that such statements are only
predictions and are subject to inherent risks and uncertainties. Those risks
and uncertainties include factors and risks specific to the industries in
which the Company operates and proposes to operate as well as general economic
conditions, prevailing exchange rates and interest rates and conditions in the
financial markets, among other things. Actual events or results may differ
materially from the events or results expressed or implied in any
forward-looking statement.

 

No forward-looking statement is a guarantee or representation as to future
performance or any other future matters, which will be influenced by a number
of factors and subject to various uncertainties and contingencies, many of
which will be outside the Company's control. There can be no assurance that
the plans of the directors and management of Celsius will proceed as currently
expected or will ultimately be successful.

 

The Company does not undertake any obligation to update publicly or release
any revisions to these forward-looking statements to reflect events or
circumstances after today's date or to reflect the occurrence of unanticipated
events. No representation or warranty, express or implied, is made as to the
fairness, accuracy, completeness or correctness of the information, opinions
or conclusions contained in this announcement. To the maximum extent permitted
by law, none of the Company's Directors, employees, advisors, or agents, nor
any other person, accepts any liability for any loss arising from the use of
the information contained in this announcement. You are strongly cautioned not
to place undue reliance on any forward-looking statement, including in respect
of the financial or operating outlook for Celsius. The forward-looking
statements in this announcement reflect views held only as at the date of this
announcement.

 1  (#_ftnref1) ASX announcement 28 April 2025

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