THIS ANNOUNCEMENT AND THE
INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE OR
DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR
INTO THE UNITED STATES, AUSTRALIA, CANADA,
JAPAN, THE REPUBLIC OF SOUTH AFRICA OR NEW ZEALAND
OR IN OR INTO ANY OTHER JURISDICTION WHERE TO DO
SO WOULD CONSTITUTE A BREACH OF ANY APPLICABLE LAW OR
REGULATION.
THIS ANNOUNCEMENT IS FOR INFORMATION
PURPOSES ONLY AND DOES NOT ITSELF CONSTITUTE A PROSPECTUS OR
OFFERING MEMORANDUM OR AN OFFER FOR SALE OR SUBSCRIPTION IN RESPECT
OF 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, OTHERWISE ACQUIRE
OR DISPOSE OF ANY SECURITIES OF ALIEN METALS LTD 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 AS IT FORMS PART OF UK
DOMESTIC LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018,
AS AMENDED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY
INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE
PUBLIC DOMAIN.
1 August 2024
Alien Metals
Ltd
("Alien
Metals", the "Company" or the "Group") (AIM: UFO, FWB:
I3A1)
Result of
Placing and TVR
Alien Metals Ltd (LSE AIM:UFO), a
global minerals exploration and development
company, announces that, further to its announcement of 11:01 a.m. (London time)
today (the "Announcement"),
it has successfully completed and closed the Placing.
The Placing has raised, in
aggregate, gross proceeds of £0.6 million through the placing of
545,454,545 new Common Shares to certain investors at a price of
0.11 pence per share. The Placing Price
represents a discount of approximately 10.2 per cent. to the
Closing Price of 0.1225 pence per Common Share on 31 July 2024,
being the latest practicable business day prior to the publication
of the Announcement.
The net proceeds of the Placing will
be principally used to advance the Company's iron ore project, and
silver and precious metals project, in Western Australia and for
general working capital purposes.
Admission and Total Voting
Rights
Application has been made to the
London Stock Exchange for admission of the 545,454,545 Placing
Shares to trading on AIM. It is expected that admission will become
effective and dealings in the Placing Shares will commence on AIM
at 8.00 a.m. on 7 August 2024 (or such later date as may be agreed
between the Company and the Bookrunner, but no later than 31 August
2024).
The Placing Shares will be issued
fully paid and will rank pari passu in all respects with
the Company's existing Common Shares.
Following Admission, the total
number of Common Shares in the capital of the Company in issue will
be 7,509,915,386 with voting rights. This figure may be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the Company's issued share capital
pursuant to the Company's Articles.
Capitalised terms used but not
otherwise defined in this announcement shall have the meanings
ascribed to such terms in the Announcement, unless the context
requires otherwise.
For further information on the
Company, please visit www.alienmetals.uk or
contact:
Alien Metals
Limited
Guy Robertson
T: +44 (0)20 7983 521488
(c/o Yellow Jersey)
Zeus Capital
Limited (Broker and
Bookrunner)
Harry Ansell/Dan
Bristowe/Katy Mitchell/Andrew de Andrade
Tel: +44 (0) 203 829 5000
Strand Hanson (Nominated
Adviser)
James Harris / James Dance /
Robert Collins
Tel: +44 (0) 207 409 3494
CMC Markets (Joint
Broker)
Douglas Crippen
Tel: +44 (0) 203 003 8632
Yellow Jersey PR (Financial
PR)
Charles Goodwin / Shivantha Thambirajah / Zara McKinlay
Tel: +44 (0) 20 3004 9512
alienmetals@yellowjerseypr.com