5 May
2021
ALTONA RARE EARTHS
PLC
(“Altona” or “the Company”)
ISSUE OF
EQUITY
Further to the RNS of 29 January and 11
March 2021, Altona (AQSE: ANR.PL), a mining exploration
company with a focus on Rare Earth Elements mining projects in
Africa, announces it has now
received the final placing funds (£57,500) from the Placing it
closed on 29 January, raising a total of £599,000 (before expenses)
at 6.5 pence. As a result, a further
884,619 shares have been issued pursuant to the Placing.
In addition, the Company has also issued 493,207 shares to
service providers in lieu of fees, as part of the ongoing
arrangement it has with certain third parties. In total, the
Company has issued a further 1,377,828 new ordinary shares (“the
Shares”).
Admission and Total Voting Rights
Following this issue of 1,377,826 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
19,768,596. The Company has no shares held in Treasury. This
figure of 19,768,596 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 Shares
will be admitted to trading on Aquis Stock Exchange (“AQSE”) on or
around 7 May 2021.
-ends-
For further information, please visit www.altonaenergy.com or
contact:
Altona Rare Earths 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, 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 4.14 of the AQSE Growth Market Access
Rulebook.