8 March
2021
ALTONA RARE EARTHS
PLC
(“Altona” or “the Company”)
ISSUE OF
EQUITY
Further to the RNS of 29 January
2021, Altona (AQSE: ANR.PL), a mining exploration company
with a focus on Rare Earth Elements (“REE”) mining projects in
Africa, announces it closed its
Placing at £541,000 (before expenses).
The Company has now issued a further 4,852,313 new ordinary
shares (“the Placing Shares”) at 6.5
pence, in respect of a further £315,400 received, in
addition to the 2,587,909 Placing Shares issued on 29 January.
The Company is still waiting on a final receipt of funds from
the Placing, of around £57,500, which it has received signed
subscription letters for and expects before the end of March.
Further, as a correction to the RNS of 29 January with regards
to the issue of shares in lieu of payment for services provided to
the Company, it has in fact issued 1,669,385 new ordinary shares at
6.5 pence instead of the previously
reported figure of 1,814,385 shares.
In conjunction to the Placing, the Company has issued 4,537,315
half warrants at a price of 12p, which carry an expiry date of
31 March 2023.
Admission and Total Voting Rights
Following this issue of 4,852,313 Placing Shares, which will
rank pari passu with the Company's existing
Ordinary Shares, and the adjustment in respect of the shares issued
in lieu of payment for services, the Company’s enlarged share
capital and total voting rights in the Company will comprise
14,413,040. The Company has no shares held in Treasury. This
figure of 14,413,040 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 in their interest in, the share capital of the Company
under the FCA’s Disclosure and Transparency Rules. The new Placing
Shares will be admitted to trading on Aquis Stock Exchange (“AQSE”)
on or around 10 March 2021.
-ends-
For further information, please visit www.altonaenergy.com or
contact:
Altona Energy Plc
Christian Taylor-Wilkinson, Chief
Executive
+44 (0) 7795 168 157
Martin Wood, Non-Executive
Chairman
+44 (0) 7880 787 080
Alfred Henry Corporate Finance Ltd (AQSE Corporate
Adviser )
Jon Isaacs / Nick
Michaels
+44 (0) 20 3772 0021
Company Information
Altona is a mining exploration company focused on the
evaluation, rapid development and extraction of Rare Earth Element
(REE) metals in Africa.
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.