REG - Corcel PLC - Fundraising Completion

CorcelAnnouncement

27/07/2022 07:16

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RNS Number : 8389T  Corcel PLC  27 July 2022

 

Corcel PLC

("Corcel" or the "Company")

 

Fundraising Completion

 

27 July 2022

 

Corcel, the natural resource exploration and development company with
interests in battery metals and flexible energy generation and storage
announces the completion of the fundraising originally announced on 22 July
2022.  The fundraising has closed at a total value of £357,320 including the
broker option subscriptions, and will result in the issuance of a further
5,330,000 new ordinary shares at a price of £0.004 and 5,330,000 additional
warrants to buy new ordinary shares at a price of £0.005 pending the
conclusion of a general meeting.

The Company now intends to issue Novum Securities Ltd 4,466,500 Broker
Warrants ("Broker Warrants") to subscribe for 4,466,500 new ordinary shares.
The Broker Warrants are exercisable at a price of £0.004 and are subject to
an accelerator clause and are subject to approval at the forthcoming general
meeting.

A further announcement regarding the details of the general meeting will be
made in due course.

For further information, please contact:

 

Scott Kaintz 020 7747
9960
                      Corcel Plc CEO

James Joyce / Andrew de Andrade 0207 220 1666
                        WH Ireland Ltd NOMAD &
Broker

Simon Woods 0207 3900
230
 
Vigo Communications IR

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK
VERSION OF THE MARKET ABUSE REGULATION (EU NO. 596/2014) AS IT FORMS PART OF
UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR").

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