REG - Neo Energy Metals - Allotment of 2nd Tranche Shares to Q Global

Neo Energy MetalsAnnouncement

12/12/2023 14:45

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RNS Number : 5279W  Neo Energy Metals PLC  12 December 2023

Neo Energy Metals plc / EPIC: NEO / Market: Main Market of the London Stock
Exchange

 

12 December 2023

Neo Energy Metals plc

('Neo Energy' or 'the Company')

 

Allotment of Second Tranche Shares to Q Global Commodities

 

Neo Energy Metals plc, the near term, low-cost uranium developer, is pleased
to announce that, in accordance with its Prospectus dated 29 September 2023,
it has received the second tranche of funding of £1,050,000 from Q Global
Commodities Limited ("Q Global"), and issued subject only to admission,
140,000,000 new Ordinary Shares of £0.0001 par each in the Company (the
"Subscription (Second) Shares").

 

The Subscription (Second) Shares represent the second of six tranches
subscribed for by Q Global's affiliate, AUO Commercial Brokerage LLC ("AUO"),
bringing the total amount received to date from AUO to £1.5 million.  Under
the subscription agreement as set out in the Prospectus, a further 266,666,666
will be issued to AUO over the coming months, raising an additional £2
million.

 

The proceeds received in respect of the Subscription (Second) Shares are in
addition to the subscription proceeds described in the Company's announcement
dated 9 November 2023, concerning which the Company has issued 40,000,000 new
Ordinary Shares of £0.0001 par each.

 

Funds raised will be used to complete an updated feasibility study and target
an increase in Mineral Resources at the Company's Henkries Uranium Project
('Henkries' or 'the Project') in the Northern Cape of the Republic of South
Africa.

 

Admission

Application has been made for the 140,000,000 Subscription (Second) Shares,
together with the 40,000,000 ordinary shares that were the subject of the
Company's announcement dated 9 November 2023 (together, the "Additional
Shares"), to be admitted to trading on the Main Market of the London Stock
Exchange on or around 15 November 2023 and will rank pari passu with the
ordinary shares of the Company in issue.

 

Total Voting Rights

Following admission of the 180,000,000 Additional Shares, the Company's issued
share capital will consist of 1,396,371,468 ordinary shares with voting
rights. No ordinary shares are held in treasury at the date of this
announcement and, therefore, following admission of the Additional Shares, the
total number of ordinary shares in the Company with voting rights will be
1,396,371,468.

 

The above total voting rights figure may be used by shareholders as the
denominator for the calculation by which they will determine if they are
required to notify their interest in, or a change to their interest in the
Company.

 

This announcement contains inside information for the purposes of the UK
Market Abuse Regulation, and the Directors of the Company are responsible for
the release of this announcement.

 

ENDS

 Sean Heathcote                                   CEO                      sean@neoenergymetals.com

                                                  Neo Energy Metals plc
 Isabel de Salis / Paul Dulieu / Isabelle Morris  Financial PR             neo@stbridespartners.co.uk

                                                  St Brides Partners Ltd

 

 

 

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