This announcement is for information purposes only and does not
constitute an offer for subscription for any securities in the
Company. This announcement does not constitute or contain any
invitation, solicitation recommendation, offer or advice to any
person to subscribe for or acquire any securities of the Company in
any jurisdiction where to do so would breach any applicable law or
regulation.
The 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”). Upon
the publication of this announcement via a Regulatory Information
Service ('RIS'), this inside information is now considered to be in
the public domain.
17 July
2020
ALTONA ENERGY
PLC
(“Altona” or “the Company”)
LAUNCH OF
PRE-FUNDING CAMPAIGN WITH
NR PRIVATE
MARKET
Altona (AQSE: ANR.PL), a mining exploration company with a new
strategic focus on Rare Earth Element (“REE”) mining projects in
Africa, announces that it has
launched a pre-funding marketing campaign on Minexia Ltd’s
innovative private investment platform for the mining sector, NR
Private Market. For specific information on Altona Energy and its
investment case, please visit the NR Private Market Investor
Lounge:
https://lounge.nrprivatemarket.com
NR Private Market offers private investors access to pre-vetted
mining deals, allowing them to participate in capital raising
events, from which they would normally be excluded, due to
regulatory status.
Altona has chosen to work with Minexia’s team of financial
professionals, risk management and mining specialists in
preparation of an upcoming fund raise, which it expects to launch
on the NR Private Market platform, within the next few weeks. The
proceeds of a successful fund raise will be used to develop a Rare
Earth Element (“REE”) mining project in Malawi (Chambe Basin, APL 0153) with its
partner Akatswiri Mineral Resources Pvt Ltd, as announced by the
Company on 2 June 2020, should the
due diligence process and contract negotiations be successful.
The NR Private Market Investor Lounge provides details of
Altona’s proposed new strategy, information on the proposed new
asset, board members and consultants, as well as an overview
presentation and exploration plan for the Chambe Basin REE
Project.
Christian Taylor-Wilkinson,
Interim CEO of Altona, commented, “The team at Minexia, led by
Richard Lloyd, is well-known to
Altona and was the natural fit for us when considering how best to
raise capital for the proposed investment into the African REE
project we are currently evaluating.
“We chose the non-broker funding route for this placing,
specifically to allow private investors a chance to invest at
‘ground level’ into this exciting new strategy. We hope also that
Altona’s existing shareholders will take this opportunity to be
part of our new direction into Rare Earth mining.”
Rich Lloyd, CEO of Minexia
Ltd, commented, “Minexia is delighted to welcome Altona to NR
Private Market. We have been developing our disruptive
‘sophisticated crowdfunding’ financing platform for the past four
years, in order to help grow early stage mining development and
advanced exploration projects. We have, to date, raised £10 million
in funds since the launch in Q1 2019, helping a number of junior
mining companies move their projects forward.”
-ends-
For further information, please visit www.altonaenergy.com or
contact:
Altona Energy
plc
Christian Taylor-Wilkinson, Interim CEO
Philip Sutherland, Non-Executive Director |
+44 (0) 7795 168 157
+61 (0)402 440 339 |
Alfred Henry
Corporate Finance Ltd (Aquis Corporate Adviser)
Jon Isaacs / Nick Michaels |
+44 (0) 20 3772 0021 |
|
|
Leander (Financial
PR)
|
+44 (0) 7795 168
157 |
Company Information
Altona is a mining exploration company focused on the
evaluation, development and extraction of Rare Earth Element (REE)
metals.
The Company was admitted to trading on AIM on 10 March 2005 and was subsequently admitted to
Aquis Stock Exchange (previously NEX) on 1 February 2019. A
copy of its Admission documents dated 4
March 2005 can be accessed on its website,
www.altonaenergy.com. This website is where items can be
inspected under Rule 75 of the Aquis Rules for Issuers, from
1 February 2019.
Information on Minexia and NR Private
Markets
Minexia is a fin-tech business which has been in development for
c.4years and launched its investment platform, NR Private Market in
Q1 2019, which allows private investors ('Sophisticated' or 'High
Net Worth') to access a pipeline of high quality, pre-screened,
advanced exploration and or early stage development mining
projects. The platform has successfully closed six deals (total
value c. £10M) to date and has secured a dozen platform partners
and 6,000+ active platform users.