Corcel PLC Fundraising Completion (8389T)
July 27 2022 - 2:00AM
UK Regulatory
TIDMCRCL
RNS Number : 8389T
Corcel PLC
27 July 2022
Corcel PLC
("Corcel" or the "Company")
Fundraising Completion
27 July 2022
Corcel, the natural resource exploration and development company
with interests in battery metals and flexible energy generation and
storage announces the completion of the fundraising originally
announced on 22 July 2022. The fundraising has closed at a total
value of GBP357,320 including the broker option subscriptions, and
will result in the issuance of a further 5,330,000 new ordinary
shares at a price of GBP0.004 and 5,330,000 additional warrants to
buy new ordinary shares at a price of GBP0.005 pending the
conclusion of a general meeting.
The Company now intends to issue Novum Securities Ltd 4,466,500
Broker Warrants ("Broker Warrants") to subscribe for 4,466,500 new
ordinary shares. The Broker Warrants are exercisable at a price of
GBP0.004 and are subject to an accelerator clause and are subject
to approval at the forthcoming general meeting.
A further announcement regarding the details of the general
meeting will be made in due course.
For further information, please contact:
Scott Kaintz 020 7747 9960 Corcel Plc CEO
James Joyce / Andrew de Andrade 0207 220 1666 WH Ireland Ltd
NOMAD & Broker
Simon Woods 0207 3900 230 Vigo Communications IR
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED
UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION (EU NO.
596/2014) AS IT FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN
UNION (WITHDRAWAL) ACT 2018 ("UK MAR").
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCBKABBDBKBQOB
(END) Dow Jones Newswires
July 27, 2022 02:00 ET (06:00 GMT)
Corcel (LSE:CRCL)
Historical Stock Chart
From Jun 2024 to Jul 2024
Corcel (LSE:CRCL)
Historical Stock Chart
From Jul 2023 to Jul 2024