11 March
2021
ALTONA RARE EARTHS PLC
(“Altona” or “the Company”)
COMPLETION OF
PLACING TO RAISE £259,000
Altona (AQSE: ANR.PL), a mining exploration company with a focus
on Rare Earth Elements (“REE”) mining projects in Africa, announces further to the recently
completed placing on 29 January 2021,
that following excess demand it has raised a further £259,000
through the issue of 3,977,790 new ordinary shares at an issue
price of 6.5 pence, and 1,988,895
warrants with a strike price of 12
pence and an expiry date of 31 March
2023.
The funds will be used to accelerate the Company’s business plan
to complete two rare earth acquisitions and subsequent initial
exploration work and, facilitate a proposed London Stock Exchange
listing.
The Placing was carried out in conjunction with First look
Venture Ltd (www.firstlookventures.co.uk) and utilised their
growing network of highly motivated private investors.
Admission and Total Voting Rights
Following this issue of 3,977,790 Shares, which will
rank pari passu with the Company's existing
Ordinary Shares, the Company’s enlarged share capital and total
voting rights in the Company will comprise 18,390,860. The Company
has no shares held in Treasury. This figure of 18,390,860
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.
-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 Rare Earths Plc 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 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.