REG - Harvest Minerals Ltd - Fundraise of £300,000

Harvest MineralsAnnouncement

23/06/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250623:nRSW9325Na&default-theme=true

RNS Number : 9325N  Harvest Minerals Limited  23 June 2025

 

23 June 2025

Harvest Minerals Limited

("Harvest" or the "Company")

 

Fundraise of £300,000

 

Harvest Minerals Limited, the AIM listed organic fertilizer producer, is
pleased to announce that it has raised gross proceeds of £300,000 through
placing ("Placing") 100,000,000 new ordinary shares ("Placing Shares") of no
par value at a placing price of 0.3p ("Placing Price"). The Company will issue
one warrant per two Placing Shares, exercisable at 0.6p for a period of 2
years from Admission.

 

The Placing was undertaken by the Company's broker, Tavira Financial Limited
("Tavira").

 

Use of Proceeds

The net funds raised from the Placing will be used to advance the rare earths
exploration at Arapuá and general working capital.

 

Brian McMaster, Chairman of the Company, commented:

 

"The positive results recently reported from Arapuá have given the Company
confidence to sole fund and accelerate the next drilling phase of rare earths
exploration. In addition, the Company has seen notable TiO(2) intersections.
These additional funds will now enable the Company to expand and incorporate
further studies on the TiO(2) potential of Arapuá."

 

Application to trading on AIM

 

The Placing is conditional on Admission.  Application will be made to the
London Stock Exchange for the 100,000,000 new Ordinary Shares to be admitted
to trading on AIM. It is expected that Admission will become effective and
that dealings in the new Ordinary Shares will commence at 8.00 a.m. on 26 June
2025 ("Admission").

 

Total Voting Rights

 

Following the Placing, the total issued share capital of the Company will
consist 389,169,217 Ordinary Shares with voting rights.  The Company does not
hold any Ordinary Shares in treasury and accordingly there are no voting
rights in respect of any treasury shares.

 

On Admission, the abovementioned figure of 389,169,217 Ordinary Shares 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, Harvest under the Financial Conduct Authority's
Disclosure Guidance and Transparency Rules.

 

Enquiries:

 Harvest Minerals Limited                                   Brian McMaster (Chairman)  Tel: +44 (0) 203 940 6625

 Strand Hanson Limited (Nominated & Financial Adviser)      Ritchie Balmer             Tel: +44 (0) 20 7409 3494

                                                            James Spinney

 Tavira Financial                                           Jonathan Evans             Tel: +44 (0) 20 3192 1733

 (Broker)

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  ROIPKBBKDBKBPAB