REG - Firering Strategic - Result of Placing, Subscription & WRAP

Firering Strategic MineralsAnnouncement

29/05/2024 12:00

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RNS Number : 3021Q  Firering Strategic Minerals PLC  29 May 2024

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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE MARKET ABUSE REGULATION (EU) 596/2014 WHICH FORMS PART OF THE LAWS OF
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Firering Strategic Minerals plc / EPIC: FRG / Market: AIM / Sector: Mining

29 May 2024

Firering Strategic Minerals plc

("Firering" or "the Company")

 

Result of Placing, Subscription and WRAP Retail Offer

 

Firering Strategic Minerals plc, an exploration company focusing on critical
minerals, announces that, further to its announcements on 28 May 2024 (the
"Fundraising Announcements"), it has concluded a retail offer via the
Winterfloods Retail Access Platform (the "WRAP Retail Offer"). Pursuant to the
Placing, Subscription and WRAP Retail Offer, the Company has resolved to issue
a total of 73,761,586 new Ordinary Shares at the Issue Price raising gross
proceeds of £2.139m (the "Fundraising Shares").

 

General Meeting

Completion of the Fundraising is conditional, inter alia, on the Company
obtaining the requisite approvals from shareholders at the Company's General
Meeting ("GM"), which is expected to be held on 19 June 2024, and admission of
the Fundraising Shares to trading on AIM ("Admission"), which is expected to
be effective at  8.00 a.m. on or around 20 June 2024.

 

Admission

The Company will make application for the admission of the Fundraising Shares
to trading on AIM ("Admission"). It is expected that Admission of the
Fundraising Shares will become effective at 8.00 a.m. on 20 June 2024. The
Fundraising Shares, when issued, will be fully paid and will rank pari
passu in all respects with each other and with the existing Ordinary Shares
of the Company, including, without limitation, the right to receive all
dividends and other distributions declared, made or paid after the date of
issue.

 

Total Voting Rights

Following Admission, the Company's issued ordinary share capital will consist
of 175,598,285 Ordinary Shares with one voting right each. The Company does
not hold any Ordinary Shares in treasury. Therefore, from Admission the total
number of Ordinary Shares and voting rights in the Company will be
175,598,285. With effect from Admission, 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 under the FCA's Disclosure Guidance
and Transparency Rules.

 

Terms used but not defined in this announcement have the same meaning as set
out in the Company's announcements of 28 May 2024.

 

ENDS

 

For further information visit www.fireringplc.com or contact:

 

 Firering Strategic Minerals                            Tel: +44 20 7236 1177

 Yuval Cohen

 SPARK Advisory Partners Limited (Nominated Adviser)    T: +44 20 3368 3550

 Neil Baldwin / James Keeshan / Adam Dawes
 Optiva Securities Limited (Joint Broker)               T: +44 20 3137 1903

 Christian Dennis / Daniel Ingram
 Shard Capital Partners LLP (Joint Broker)              T: 020 7186 9950

 Damon Heath / Erik Woolgar
 St Brides Partners Limited (Financial PR)              E: firering@stbridespartners.co.uk (mailto:firering@stbridespartners.co.uk)

 Isabel de Salis / Susie Geliher / Isabelle Morris
 Winterflood Retail Access Platform                     E: wrap@winterflood.com

 Andrew Stancliffe / Sophia Bechev

 

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