EVA Evrima Plc

 
TIDMEVA 
 
THE DIRECTORS OF EVRIMA PLC CONSIDER THIS ANNOUNCEMENT TO CONTAIN INSIDE 
INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION (EU) NO. 594/2014 OF 
THE EUROPEAN PARLIAMENT AND THE COUNCIL OF 16 APRIL 2014 ON MARKET ABUSE AS IT 
FORMS PART OF RETAINED EU LAW AS DEFINED IN THE EUROPEAN UNION (WITHDRAWAL) ACT 
2018. BY PUBLICATION OF THIS ANNOUNCEMENT, THE INFORMATION SET OUT WITHIN IT IS 
DEEMED NOW TO BE IN THE PUBLIC DOMAIN. 
 
                                  Evrima plc 
 
                                   AQSE: EVA 
 
                          ("Evrima" or the "Company") 
 
   Evrima Completes Equity Financing, led by the Directors and its Corporate 
    Broker, Peterhouse Capital Limited, to Raise Gross Proceeds of £720,000 
 
Particulars of the Regulatory Announcement 
 
 1. The Equity Financing 
 2. Directors Participation and Related Party Disclosure 
 3. Chief Executive Officer's Statement 
 4. Admission and Total Voting Rights 
 
 1. The Equity Financing 
 
Evrima has raised £720,000 before expenses through a placing (the "Placing") of 
14,400,000 new ordinary shares of 0.1 p each at five pence (£0.05) per share 
(the "Placing Shares"), conditional upon admission of the Placing Shares to 
trading on AQSE Growth Market ("Admission"). 
 
Alongside each Placing Share subscribed, subscribers will receive one warrant 
to subscribe for one additional new ordinary share, exercisable at 10 pence (£ 
0.10) for a period ending three years from the date of Admission ("Warrants"). 
Should subscribers in the Placing elect to exercise their Warrants in full 
during their currency, for each new ordinary share so subscribed at 10 pence, 
they shall be issued with one replacement warrant ("Replacement Warrants") 
granting the right to subscribe for one further new ordinary share with an 
exercise price of 20 pence, exercisable for three years from the date of issue 
of the Replacement Warrant. 
 
The Placing was conducted with a range of existing shareholders and new 
investors and was led by the Directors and the Company's corporate broker, 
Peterhouse Capital Limited, which has acted as sole broker to the Placing. 
 
The Company has issued to Peterhouse Capital Limited 500,000 broker warrants on 
the same terms as those which attach to the Warrants that are being issued to 
Placing participants in tandem with the Placing Shares. 
 
        2. Directors' Participations & Related Party Disclosure 
 
The participations of Simon Grant-Rennick and Burns Singh Tennent-Bhohi in the 
Placing represent dealings in the capital of the Company by Directors; by 
virtue of Guy Miller's common directorships of it and of the Company, the 
participation of Gledhow Investments plc is a transaction with a related party. 
The commercial terms of the Placing subscriptions by Directors and by the 
related party disclosed here are identical to those attaching to other 
subscribers' subscriptions. 
 
Upon allotment of the Placing Shares, the shareholdings of the participating 
Directors and related party mentioned above shall be as follows: 
 
Director/Related     Shares     Placing Shares     After      Percentage of 
     Party       Currently Held                  Allotment       Enlarged 
                                                               Issued Share 
                                                                 Capital 
 
Simon              3,540,000      2,000,000      5,540,000        14.05% 
Grant-Rennick* 
 
Burns Singh         700,000       2,000,000      2,700,000        6.85% 
Tennent-Bhohi 
 
Gledhow            1,700,000      2,000,000      3,700,000        9.38% 
Investments plc* 
* 
 
* Simon Grant-Rennick is an adviser to Alpha Corporate Services (Bermuda) Ltd. 
although he has no beneficial interest in that entity. Upon Admission, Alpha 
Corporate Services (Bermuda) Ltd. will be interested in 4,540,000 shares, 
representing 11.51% of the Company's share capital as enlarged by the Placing. 
Simon Grant-Rennick has also subscribed personally for 1,000,000 shares in the 
Placing and upon Admission will be interested in 1,000,000 shares representing 
2.54% of the Company's share capital as enlarged by the Placing. 
 
** Guy Miller, a Director, is also a director of Gledhow Investments plc (AQSE: 
GDH). 
 
        3. Burns Singh Tennent-Bhohi, Chief Executive Officer's, Statement 
 
"I wish to take this opportunity to thank my Board colleagues, existing and new 
shareholders and the Company's broker, Peterhouse Capital, for their 
enthusiastic support of this financing. 
 
In July 2020, the Board and investors recapitalised the Company at three pence 
per share and adopted an investment strategy focusing on identifying 
opportunities in the natural resource sector. 
 
In the last year, the Company has established a clear and simple investment 
strategy which is creatively to source, structure and execute investment 
transactions in base and industrial metals opportunities, in Botswana. 
 
To date we have amassed positions in Premium Nickel Resources Corporation, 
Eastport Ventures Inc. and Kalahari Key Minerals Exploration. These are active 
exploration and development companies operating in Botswana, with interests 
that expose the Company to early-stage exploration, development assets and 
previously producing mines with many hundreds of millions of dollars in 
capitalised expenditures that are being redeveloped for fast-track production. 
This blend of varying risk exposures provides a balanced pool of assets which 
should offer the Company clear paths to realising value. 
 
The Directors expect the Company will experience a highly active period from 
now until the year-end, as certain investees reach pivotal points in their 
development paths. In addition to existing interests, Evrima is also 
considering parallel investment opportunities that could provide direct 
exposure to projects strategically located and positioned within our investees' 
licence areas. This ability and access should enable the Company to create 
leverage through direct asset investment while retaining the ability to 
predetermine capital commitments contingent on the success and performance of 
our investees." 
 
        4. Admission of Shares and Enlarged Voting Rights 
 
Application will be made for Admission, which is expected to occur on or around 
15th September 2021. No application shall be made to admit to trading on AQSE 
Growth Market or to any other forum of quotation either the Warrants (which are 
not divisible or transferable) or (if, as and when issued) the Replacement 
Warrants. 
 
Following the Admission of the 14,400,000 Placing Shares, Evrima's issued 
ordinary share capital shall consist of £39,436.73 divided into 39,436,728 
ordinary shares of 0.1 pence each. 39,436,728 will therefore represent the 
total number of voting rights in the Company and, following Admission, should 
be used by shareholders as the denominator for the calculation by which they 
may determine whether they are required to notify their interest in, or a 
change to their interest in, the Company under the Financial Conduct 
Authority's ("FCA") Disclosure and Transparency Rules. The Placing Shares shall 
rank pari passu in all respects with the existing ordinary shares of the 
Company. 
 
London, 2nd September 2021 
 
The Directors of the Company, who have issued this RIS announcement after due 
and careful enquiry, accept responsibility for its content. 
 
REGULATORY ANNOUNCEMENT ENDS 
 
Enquiries: 
 
Company: 
Burns Singh Tennent-Bhohi (CEO & Director) 
burns@evrimaplc.com 
 
Simon Grant-Rennick (Executive Chairman) 
simon@evrimaplc.com 
 
Keith, Bayley, Rogers & Co. Limited (AQSE Corporate Adviser): 
Graham Atthill-Beck: +44 (0) 7506 43 41 07; Graham.Atthill-Beck@kbrl.co.uk; 
blackpearladvisers@gmail.com 
 
Peterhouse Capital Limited (Corporate Stockbroker): 
Lucy Williams: +44 (0) 20 7469 0930 
Duncan Vasey: +44 (0) 20 7220 9797 (Direct) 
 
 
 
END 
 
 

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