REG - Future Metals NL - Extension of Closing Date

Future Metals NLAnnouncement

15/01/2024 08:15

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RNS Number : 6811Z  Future Metals NL  15 January 2024

 

 

Future Metals NL

 

UNDERWRITTEN NON-RENOUNCEABLE ENTITLEMENT ISSUE - EXTENSION OF CLOSING DATE

 

Not for release to US wire services or distribution in the United States

Future Metals NL ("Future Metals" or the "Company", ASX | AIM: FME) announces
that the closing date for the non-renounceable entitlement issue ("Entitlement
Issue") initially announced on 15 December 2023 will be extended from 18
January 2024 to 1 February 2024 at 5.00 p.m. (AEDT) for shareholders and 1.00
p.m. (GMT) for DI Holders.

The extension of the Entitlement Offer is to allow sufficient time for all
eligible shareholders to participate and complete applications following the
Christmas and New Year holiday period.

The Entitlement Issue provides eligible shareholders to acquire one (1) Share
for every four (4) Shares (or Depository Interests) held by those shareholders
registered at the Record Date at an issue price of $0.03 per Share, together
with one (1) free New Option for every two (2) Shares (or Depository
Interests) applied for and issued to raise up to $3,316,648 (based on the
number of Shares on issue as at the date of the Prospectus).

Unless otherwise defined herein, capitalised terms shall have the same
meanings as ascribed to them in the Company's RNS announcement dated 15
December 2023.

The Entitlement Offer timetable has been revised as follows:

 Announcement of Offer & Appendix 3B                                             Friday, 15 December 2023              Friday, 15 December 2023
 Lodgement of Prospectus with ASIC & ASX                                         Friday, 15 December 2023              Friday, 15 December 2023
 Ex date                                                                         Friday, 29 December 2023              Friday, 29 December 2023
 Record Date for determining Entitlements                                        Tuesday, 2 January 2024 5:00pm (WST)  Tuesday, 2 January 2024 close of business (GMT)
 Prospectus despatched to Shareholders & Company announces despatch has          Friday, 5 January 2024                Friday, 5 January 2024
 been completed
 Entitlement Issue's Basic Entitlements and Excess (Shortfall) Entitlements      N/A                                   Friday, 5 January 2024
 credited to stock accounts of eligible DI holders in CREST
 Last day to extend Closing Date                                                 Monday, 15 January 2024               Monday, 15 January 2024
 Closing Date of the Entitlement Issue* / Latest time of settlement of relevant  Thursday, 1 February 2024             Thursday, 1 February 2024
 CREST instructions for Entitlement Issue

                                                                                                                       1.00 p.m. (GMT)
 Securities quoted on a deferred settlement basis from market open               Friday, 2 February 2024               N/A
 Announcement of results of issue                                                Tuesday, 6 February 2024              Tuesday, 6 February 2024
 Issue date and lodgement of Appendix 2A with ASX applying for quotation of the  Thursday, 8 February 2024             Thursday, 8 February 2024
 securities (before noon Sydney time)
 Admission of the New Shares to trading on AIM expected on or around             Thursday, 8 February 2024             Thursday, 8 February 2024

                                                                                 8.00 a.m. (GMT)                       8.00 a.m. (GMT)
 Official Quotation of the Securities under the Entitlement Offer                Monday, 12 February 2024              Monday, 12 February 2024
 Final date for Underwriter to subscribe for Shortfall                           Tuesday, 12 March 2024                Tuesday, 12 March 2024
 General Meeting** held for the proposed issue of the Underwriter Options        Tuesday, 12 March 2024                Tuesday, 12 March 2024
 Closing Date of Underwriter Offer**                                             Tuesday, 12 March 2024                Tuesday, 12 March 2024
 Issue date for Underwriter Options**                                            Wednesday, 13 March 2024              Wednesday, 13 March 2024

Notes:

*The Directors may extend the Closing Date by giving at least 3 Business Days'
notice to ASX prior to the Closing Date. Accordingly, the date the Securities
are expected to commence trading on ASX may vary.

**The above dates are indicative only and may change without notice

Action required by Eligible Shareholders

As announced on RNS on 11 January 2024, to participate in the Entitlement
Offer, payment of the application moneys must be made per the instructions set
out on the Entitlement and Acceptance Form, with sufficient time to be
received by or on behalf of the Company by no later than 5.00 p.m. (WST) or
1.00 p.m. (GMT) for DI Holders on the Closing Date.

Participation in the Entitlement Offer is optional and is subject to the terms
and conditions set out in the Prospectus. As noted above, you may obtain a
copy of the Prospectus along with information about how to apply online at
www.computersharecas.com.au/fmeoffer
(http://www.computersharecas.com.au/fmeoffer) .

Prospective investors, who are already shareholders for the purpose of the
Entitlement Issue, should consider that an investment in the Company is highly
speculative and should consult their professional advisers before deciding
whether to apply for Shares pursuant to the Prospectus.

 

This announcement has been approved for release by the Board of Future Metals
NL.

 Enquiries:

 Future Metals NL
 Jardee Kininmonth                          +61 8 9480 0414

                                            info@future-metals.com.au (mailto:info@future-metals.com.au)
 Strand Hanson Limited (Nominated Adviser)  +44 (0) 207 409 3494
 James Harris/James Bellman
 Panmure Gordon (UK) Limited (UK Broker)    +44 (0)207 886 2500

 John Prior/Hugh Rich/Rauf Munir
 FlowComms (UK IR/PR)                       +44 (0) 789 167 7441
 Sasha Sethi

 

IMPORTANT NOTICE

 

The total consideration under the Entitlement Issue shall be less than, and
therefore cannot exceed, €8 million  (or an equivalent pounds sterling
amount) in aggregate and so, in accordance with Section 85 and Schedule 11A of
the United Kingdom's Financial Services and Markets Act 2000, as amended
(FSMA), the Entitlement Issue does not require the issue of a prospectus in
the United Kingdom for the purposes of the United Kingdom's Prospectus
Regulation Rules (PRR). The Entitlement Issue does not constitute an offer to
the public requiring an approved prospectus under section 85 of FSMA and
accordingly, neither this announcement, nor the Prospectus, shall constitute a
prospectus for the purposes of the PRR. This announcement and the Prospectus
have not been, and neither it nor the Prospectus will be, reviewed or approved
by the United Kingdom's Financial Conduct Authority pursuant to sections 85 of
FSMA, the London Stock Exchange or any other authority or regulatory body in
the United Kingdom. Accordingly, neither this announcement nor the Prospectus
contain the extent of the information and disclosures that would typically be
included in a UK prospectus.

 

NOT AN OFFER

This announcement is for information purposes and is not a prospectus, product
disclosure statement or any other offering document under Australian law or
the law of any other jurisdiction (and will not be lodged with the Australian
Securities and Investments Commission ("ASIC") or any foreign regulator). The
information does not and will not constitute or form part of an offer,
invitation, solicitation or recommendation in relation to the subscription,
purchase or sale of securities in any jurisdiction and neither this
announcement nor anything in it shall form any part of any contract for the
acquisition of Future Metals securities. The distribution of this announcement
in jurisdictions outside Australia may be restricted by law and you should
observe any such restrictions.

 

NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES OF AMERICA

This announcement has been prepared for publication in Australia and may not
be released to US wire services or distributed in the United States. This
announcement does not constitute an offer to sell, or a solicitation of an
offer to buy, securities in the United States or any other jurisdiction. Any
securities described in this announcement have not been, and will not be,
registered under the US Securities Act of 1933 ("US Securities Act") and may
not be offered or sold in the United States except in transactions exempt
from, or not subject to, registration under the US Securities Act and
applicable US state securities laws.

 

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