REG - Chesterfield Res PLC - Issue of Equity

Chesterfield ResourcesAnnouncement

23/05/2025 14:45

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RNS Number : 0376K  Chesterfield Resources PLC  23 May 2025

23 May 2025

Chesterfield Resources / EPIC: CHF / Market: LSE / Sector: Mining

Chesterfield Resources plc("Chesterfield " or the "Company")

Placing and subscription.

 

Chesterfield Resources plc ('Chesterfield' or the 'Company') is pleased to
announce it has raised £130,000 by way of a placing and subscription  of
26,000,000 new Ordinary Shares of 0.1 pence each at a price of 0.5
pence per share. (the "Placing Shares").

 

The use of proceeds from the placing will primarily be used for evaluation
and execution of new opportunities as well as working capital.

 

Peterhouse Capital Limited acted as sole broker for the placing.

 

Application for Admission

 

The new ordinary shares to be issued pursuant to the Placing will
represent 20.0 per cent of the issued ordinary share capital of the Company
prior to the Placing. The Company will apply for admission of the Placing
Shares to listing on the standard listing segment of the Official List of
the FCA and to trading on the main market for listed securities of
the London Stock Exchange .The Placing Shares will rank pari passu in all
respects with the existing ordinary shares of 0.1p in the capital of the
Company.  The Placing Shares are expected to be admitted for trading on or
around 2 June 2025.

 

In accordance with the provision of the Disclosure Guidance and Transparency
Rules of the FCA ("DTRs"), the Company confirms that, following admission,
its issued share capital will comprise 156,328,311 Ordinary Shares, each of
which carries the right to vote, with no Ordinary Shares held in treasury.
This figure may be used by Shareholders 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 under the DTRs

 

 

Kashif Afzal, Executive Chairman of Chesterfield commented:

 

"Chesterfield's first capital raise in over three years will help us to
proceed with our plan to develop new and exciting opportunities for the
Company. With our extremely low cost base the additional funds, together with
the future sale of our shares in Sterling Metals (TSXV:SAG), are to be
directed primarily at evaluation and execution of prospects. We are hopeful
that we can make positive announcements in this regard in the months ahead."

 

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to
constitute inside information. Upon the publication of this announcement via
a Regulatory Information Service, this inside information is now considered
to be in the public domain.

 

 

Enquiries

Chesterfield Resources
plc
kashif@chesterfieldplc.com

Kashif Afzal, Executive Chairman

 

Peterhouse Capital
Limited
+44 (0)20 7469 0930

Charles Goodfellow

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