REG - Great Western Mining - Result of Retail Offer

Great Western MiningAnnouncement

28/11/2024 07:00

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RNS Number : 9321N  Great Western Mining Corp. plc  28 November 2024

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA OR
JAPAN OR ANY OTHER JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO
SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR REGULATION.
PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

 

  GREAT WESTERN MINING CORPORATION PLC

("Great Western", "GWM" or the "Company")

 

RESULTS OF RETAIL OFFER

 

Great Western Mining Corporation PLC (AIM - GWMO, Euronext Growth - 8GW) is
pleased to announce that, further to its announcement of 26 November 2024, it
has conditionally raised approximately £45,000 (before expenses) via the
conditional issue of 272,727,272 new Ordinary Shares of €0.0001 each (the
"Retail Offer Shares") at a price of 0.0165p per share (the "Issue Price")
pursuant to its offer to its existing retail shareholders via CMC CapX (the
"Retail Offer").

 

A separate announcement has been made regarding the Placing and its terms. For
the avoidance of doubt, the Retail Offer is separate from and does not form
part of the Placing.

 

ADMISSION OF NEW SHARES AND TOTAL VOTING RIGHTS

 

Further to the Retail Offer, admission of 272,727,272 Ordinary Shares to
trading on the AIM and Euronext Growth markets is expected to occur on 4
December 2024 ("Admission").  The Retail Offer is conditional on Admission.
 

 

Following Admission of the Placing Shares and the Retail Offer Shares, the
Company's issued ordinary share capital will comprise 10,437,854,836 Ordinary
Shares of €0.0001.  There are no Ordinary Shares held in treasury.
Accordingly, this number will represent the total voting rights in the
Company, and, following Admission, may be used by shareholders as the
denominator for the calculation by which they can determine if they are
required to notify their interest in, or a change to their interest in, the
Company under the Transparency (Directive 2004/109/EC) Regulations 2007. The
new Ordinary Shares will rank pari passu in all respects with the Ordinary
Shares of the Company currently traded on AIM and Euronext Growth.

 

For Further Information

 

 Great Western Mining Corporation PLC
 Brian Hall,                                                                                                                      +44 207 933 8780
 Chairman
 Max Williams, Finance                                                                                                            +44 207 933 8780
 Director

 Davy (NOMAD, Euronext Growth Listing Sponsor & Joint Broker)

 Brian Garrahy                                                                                                                    +353 1 679 6363

 SP Angel Corporate Finance LLP (Joint Broker)

 Ewan Leggat/Adam Cowl                                                                                                            +44 203 470 0470

 Walbrook PR (PR advisers)

 Nick                                                                                                                             +44 207 933 8783
 Rome

 Retail Offer
 CMC CapX                                                                                                                         capx@cmcmarkets.com

                                                                                                                                  +44 (0) 20 3003 8632

 

Further information on the Company can be found on its website at
www.greatwesternmining.com (http://www.greatwesternmining.com/) .

 

The Company's LEI is 635400NZ1RTHSGDVNQ43.

 

This announcement should be read in its entirety. In particular, the
information in the "Important Notices" section of the announcement should be
read and understood.

 

Important Notices

 

The contents of this announcement have been prepared by and issued by the
Company and is the sole responsibility of the Company. The Board of Directors
of the Company are responsible for arranging the release of this announcement
on behalf of the Company.

 

This announcement is not for publication or distribution, directly or
indirectly, in or into the United States of America. This announcement is not
an offer of securities for sale into the United States.  The securities
referred to herein have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the
United States, except pursuant to an applicable exemption from registration.
No public offering of securities is being made in the United States.

 

This announcement and the information contained herein is not for release,
publication or distribution, directly or indirectly, in whole or in part, in
or into or from Australia, Canada, Japan, the Republic of South Africa, or any
other jurisdiction where to do so might constitute a violation of the relevant
laws or regulations of such jurisdiction.

 

The distribution of this announcement may be restricted by law in certain
jurisdictions and persons into whose possession any document or other
information referred to herein comes should inform themselves about and
observe any such restriction. Any failure to comply with these restrictions
may constitute a violation of the securities laws of any such jurisdiction.

 

The CMC CapX Platform is a software and technology platform owned and operated
by CMC Markets UK plc (trading as CMC CapX) (registered address at 133
Houndsditch, London, EC3A 7BX). CMC Markets UK plc ("CMC") is authorised and
regulated in the United Kingdom by the FCA, is acting exclusively for the
Company and for no-one else and will not regard any other person (whether or
not a recipient of this announcement) as its client in relation to the Retail
Offer and will not be responsible to anyone other than the Company for
providing the protections afforded to its clients, nor for providing advice in
connection with the Retail Offer, Admission and the other arrangements
referred to in this announcement.

 

 

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