REG - Mila Resources Plc - Publication of a Prospectus

Mila ResourcesAnnouncement

16/10/2023 14:45

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RNS Number : 2706Q  Mila Resources PLC  16 October 2023

This announcement and the information contained herein is for information
purposes only and does not constitute an offer to sell or issue or the
solicitation of an offer to buy, subscribe or acquire any securities in the
United States, Australia, Canada, Japan or The Republic of South Africa
(unless an exemption under the relevant securities laws is available) or in
any other jurisdiction in which any such offer or solicitation would be
unlawful.

Certain information contained within this Announcement is deemed by the
Company to constitute inside information as stipulated under the Market Abuse
Regulation (EU) No. 596/2014 ("MAR") as applied in the United Kingdom. Upon
publication of this Announcement, this information is now considered to be in
the public domain.

 

16 October 2023

Mila Resources Plc

("Mila" or the "Company")

Publication of Prospectus in relation to the Placing to raise £2 million

Mila Resources Plc (LSE:MILA), the post-discovery exploration accelerator,
announces that, it has today published a prospectus (the "Prospectus") in
connection with the Placing of 200,000,000 ordinary shares ("Placing Shares")
at a placing price of 1p per share ("Placing Price") to raise £2 million
(before expenses) as announced on 2 October 2023. The Prospectus has been
approved by the Financial Conduct Authority.

The Prospectus contains, inter alia, Notice of a General Meeting of the
Company, to be held on 8 November 2023 at 11.00 a.m. at 13(th) Floor, 88 Wood
Street, London EC2V 7DA ("Notice"). The Placing is conditional on the
resolutions set out in the Notice being passed and admission of the Placing
Shares to the Official List by way of a Standard Listing ("Admission") having
become effective on or before 8.00 a.m. on 9 November 2023.

The Placing Shares will, when issued as fully paid, rank pari passu in all
respects with the existing issued Ordinary Shares, including the right to
receive all dividends or other distributions declared, made or paid after the
date of their issue and in respect of Voting Rights.

Each Placee will also be issued with a warrant ("Placing Warrants") to
subscribe for 1 new Ordinary Share for every Placing Share. The Placees will
be granted warrants over an aggregate of 200,000,000 Ordinary Shares
exercisable at 2 pence per Share at any time for 2 years from the date of
Admission.

Expected timetable of Principal Events

 Publication of Prospectus                                                                            16 October 2023
 General Meeting of the Company                                               11:00 a.m. on 8 November 2023
 Admission and commencement of dealings in Ordinary Shares                    8:00 a.m. on 9 November 2023
 CREST members' accounts credited in respect of Placing Shares                9 November 2023
 Share certificates dispatched in respect of Placing Shares where applicable  within 10 business days following Admission

 

 

Forms of Proxy

Shareholders will not receive a hard copy form of proxy for the General
Meeting. Instead, they will be able to vote electronically using the link
www.signalshares.com. Shareholders should log into their signal shares account
or register, if register if they have not previously done so. To register a
Shareholder will need the investor code, which will be found on the relevant
share certificate or can be obtained from the Company's registrar, Link Group.

Shareholders are urged to submit proxy votes to Link Group at
www.signalshares.com (http://www.signalshares.com)   as soon as possible, but
in any event, by no later than 11.00 am on 6 November 2023, being two business
days before the time appointed for the holding of the General Meeting. If a
Shareholder should wish to vote using a hard copy form of proxy, it may obtain
a form of proxy direct from the Company's registrars, Link Group.

Voting by proxy prior to the General Meeting does not affect a Shareholder's
right to attend the General Meeting and vote in person should they so wish.

An application will be made for the Placing Shares to be admitted to trading
on the Official List and the London Stock Exchange ("Admission"). It is
expected that Admission will become effective and dealings in the new Shares
will commence at 8.00 a.m. on 9 November 2023.

Total Voting Rights

In accordance with the FCA's Disclosure Guidance and Transparency Rules, the
Company confirms that following Admission, the Company's enlarged issued
ordinary share capital will comprise 526,817,108 Ordinary Shares. The Company
does not hold any Ordinary Shares in Treasury. Therefore, following Admission,
the above figure may be used by shareholders in the Company as the denominator
for the calculations to 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.

Availability of Prospectus

Further information is set out in the Prospectus, which will be available for
inspection from the registered office of the Company during normal office
hours on any day, Saturdays, Sundays and public holidays excepted, and which
can be accessed electronically from the Company's website
at www.milaresources.com (http://www.milaresources.com)

A copy of the Prospectus has been submitted to the National Storage Mechanism
and will shortly be available for inspection
at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

**ENDS**

For more information visit www.milaresources.com or contact:

 

 Mark Stephenson              info@milaresources.com

 Mila Resources Plc

 Jonathan Evans               +44 (0) 20 7100 5100

 Tavira Financial Limited

 Nick Emerson                 +44 (0) 20 3143 0600

 SI Capital

 Damon Heath                  +44 (0) 20 3971 7000

 Shard Capital Partners LLP

 Susie Geliher                +44 (0) 20 7236 1177

 St Brides Partners Limited

 

 

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