REG - Jade Road Investmnts - Completion of Conditional Equity Fundraise

Jade Road InvestmentsAnnouncement

20/02/2023 07:00

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RNS Number : 3608Q  Jade Road Investments Limited  20 February 2023

 

‎20 February 2023‎

 

RNS

JADE ROAD INVESTMENTS LIMITED

‎("Jade Road" or the "Company")‎

Completion of Conditional Equity Fundraise

Following the Company's announcement on 31 January 2023, and as set out in
more detail in the Circular to shareholders ‎dated 31 January 2023, the
Company is pleased to report that it has launched its Equity Fundraise. The
Company is further pleased to report that $183,427 in gross proceeds have been
raised by the ‎Placing Agent on behalf of the Company ("Placing Proceeds").

The Equity Fundraise is conditionally underwritten in its entirety by the
Underwriter. Following the results of the Placing and the terms of the
Underwriting Agreement, the ‎Underwriter's commitment of $1,750,000 has been
reduced by the Placing Proceeds to $1,566,573 at a price of £0.0075 per
share. ‎The Equity Fundraise is conditional on all the resolutions being
approved at the General Meeting on Monday 20 February 2023.

A further announcement will be made following the conclusion of the General
Meeting on Monday 20 February 2023. Capitalised terms used in this
announcement have the meanings ascribed to them in the ‎announcement of 31
January 2023.

FOR FURTHER INFORMATION, PLEASE CONTACT:

 Jade Road Investment Limited                       +44 (0) 778 531 5588
 John Croft

 Hybridan LLP - Corporate Broker                    +44 (0)203 764 2341
 Claire Noyce

 WH Ireland Limited - Nominated Adviser             +44 (0) 20 7220 1666
 James Joyce
 Andrew de Andrade

 Lionsgate Communications - Communications Adviser  +44 (0) 779 189 2509
 Jonathan Charles

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended. Upon the
publication of this announcement via a Regulatory Information Service, this
inside information is now considered to be in the public domain.

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