REG - Corcel PLC - Notice of GM

CorcelAnnouncement

18/07/2025 15:15

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RNS Number : 7287R  Corcel PLC  18 July 2025

 

Corcel PLC

("Corcel" or the "Company")

 

NOTICE OF GENERAL MEETING

 

18 July 2025

 

Corcel Plc (London AIM: CRCL), the Angola-Brazil-focused energy company,
announces that,  further to the Company's announcement on 15 July 2025, a
circular including a Notice convening a General Meeting (GM) of the Company
has been mailed to shareholders today and is available on the Company's
website www.corcelplc.com (http://www.corcelplc.com) .

 

The GM is to be held on Tuesday, 5 August 2025 at 10:00a.m. at Landmark, 3
Orchard Place, London SW1H 0BF.

 

At the GM, resolutions will be proposed to enable the Company complete the
Fundraising and issue the Placing Shares,  and to renew routine authorities
to issue shares.

 

Capitalised terms in this announcement shall have the same meaning ascribed in
the announcement made on 15 July 2025 unless the context requires otherwise

 

For further information, please contact:

 

Scott
Gilbert

Corcel Plc, CEO & Director

Development@Corcelplc.com (mailto:Development@Corcelplc.com)
 

 

James Joyce / James Bavister / Andrew de Andrade

Zeus, NOMAD & Broker

020 3829 5000

 
 

Jonathan Wright / Rupert Holdsworth
Hunt

Auctus Advisors LLP, Joint Broker

07711 627449

 

Patrick d'Ancona
 

Vigo Consulting Limited, IR

0207 3900 230
 

 

About Corcel

Corcel has a notable oil and gas portfolio in onshore Angola that includes
brownfield redevelopment opportunities and significant exploration upside.
Corcel marked a new country entry into Brazil through the option to acquire
rights to producing gas and exploration assets, further diversifying its
portfolio and enhancing its growth potential.

 

Corcel's Angola portfolio consists of interests in three licenses:

 

·      KON - 16 upon completion: operated - 80% working interest - 71.5%
net to CRCL

·      KON - 11 Non-Operated - 20% working interest - 18% net to CRCL

·      KON - 12 Non-Operated - 25% working interest - 22.5% net to CRCL

 

Corcel's Brazil portfolio consists of the option to acquire:

 

·      20% interest in the IRAI gas field

·      Right-of-first refusal ("ROFR") over the remaining 80% in the
IRAI field

·      ROFR for 100% of the adjacent TUC-T-172 exploration block,
located in the state of Bahia, onshore Brazil

 

Corcel's Battery Metals portfolio consists of an 80% working interest in the
Mt Weld Rare Earth Elements project in Western Australia.

 

 

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