TIDMARS
RNS Number : 6248H
Asiamet Resources Limited
13 March 2018
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT IS NOT FOR
RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY
OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA,
AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR IN OR INTO ANY
OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OR
BREACH OF ANY APPLICABLE LAW OR REGULATION.
THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT DOES NOT
CONSTITUTE AN OFFERING OF SECURITIES FOR SALE IN THE UNITED STATES
OF AMERICA AND NO SECURITIES HAVE BEEN OR WILL BE REGISTERED UNDER
THE UNITED STATES SECURITIES ACT 1933, AS AMED (THE "SECURITIES
ACT") OR UNDER THE SECURITIES LAWS OF ANY STATE OR OTHER
JURISDICTION IN THE UNITED STATES OF AMERICA NOR WILL THEY QUALIFY
FOR DISTRIBUTION UNDER ANY OF THE RELEVANT SECURITIES LAWS OF
CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA, NOR HAS
ANY PROSPECTUS IN CONNECTION WITH THE SECURITIES BEEN LODGED WITH
OR REGISTERED BY THE AUSTRALIAN SECURITIES AND INVESTMENTS
COMMISSION. THE SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED
STATES OF AMERICA. THIS ANNOUNCEMENT IS NOT FOR DISTRIBUTION
DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES OF AMERICA.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE A PROSPECTUS OR PROSPECTUS
EQUIVALENT DOCUMENT FOR THE PURPOSES OF THE PROSPECTUS RULES AND
HAS NOT BEEN, AND WILL NOT BE, APPROVED BY, OR FILED WITH, THE
FINANCIAL CONDUCT AUTHORITY. THIS ANNOUNCEMENT DOES NOT CONSTITUTE
AN OFFER, AND MAY NOT BE USED IN CONNECTION WITH AN OFFER, TO SELL
OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY OR SUBSCRIBE FOR
PLACING SHARES IN ANY JURISDICTION IN WHICH SUCH OFFER OR
SOLICITATION IS OR MAY BE UNLAWFUL.THIS ANNOUNCEMENT DOES NOT
CONSTITUTE A RECOMMATION REGARDING ANY SECURITIES.
Asiamet Resources Limited
("Asiamet" or the "Company")
Successful Placing of GBP7.2 Million
_____________________________________________________________________
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY
THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER
THE MARKET ABUSE REGULATIONS (EU) NO. 596/2014 ("MAR"). WITH THE
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION
SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN
THE PUBLIC DOMAIN.
13 March 2018 - Asiamet Resources Limited, (AIM: ARS) ("Asiamet"
or the "Company"), is pleased to announce that following the
announcement earlier today regarding the launch of a proposed
Placing (the "Placing"), it has successfully placed 65,402,224 new
common shares of par value US$0.01 each in the Company (the
"Placing Shares") at a price of 11 pence per share (the "Issue
Price") raising gross proceeds of approximately GBP7.2
million(c.US$10 million).
The Placing was well supported by existing as well as new
shareholders and was conducted by way of an Accelerated Book Build
process. Liberum Capital Limited ("Liberum") acted as sole
bookrunner on the Placing and joint broker, Optiva Securities
("Optiva") acted as joint broker and NRG Capital Partners ("NRG")
acted as financial adviser. The Company has agreed to pay fees and
expenses in connection with the Placing amounting to, in aggregate,
approximately GBP420,000 (approximately US$587,000).
The Placing is conditional upon, inter alia, Admission of the
Placing Shares to trading (which will be issued and settled in
CREST to the extent possible) on AIM, which is expected to occur at
8.00 a.m. on 20 March 2018 ("Admission") (an application for
Admission having been earlier submitted), and the Placing Agreement
not being terminated in accordance with its terms. Following
Admission, the Company's issued ordinary share capital will
comprise 924,915,774 Ordinary Shares. From Admission, the figure of
924,915,774 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 to their
interest in, the share capital of the Company under the FCA's
Disclosure and Transparency Rules.
Director's Participation
Antony Manini, a Director and Executive Chairman of the Company
and Peter Bird, a Director and CEO of the Company are participating
in the Placing and have agreed to subscribe for 3,181,818 and
227,273 Placing Shares respectively at the Placing Price.
On Admission, the shareholdings of Antony Manini and Peter Bird
will be as follows:
Director Holding of common Percentage of
shares Enlarged Share
Capital
---------------- ------------------ ----------------
Anthony Manini 31,405,095 3.40%
---------------- ------------------ ----------------
Peter Bird 181,818 0.02%
---------------- ------------------ ----------------
In addition, significant shareholders JP Morgan Asset Management
(UK) Limited ("JPM") and Asipac Group Pty Ltd ("Asipac") are
participating in the Placing and have agreed to subscribe for
6,553,636 and 909,090 Placing Shares respectively at the Issue
Price.
On Admission, the shareholdings in the Company of JPM and Asipac
will be 8.39% (77,563,754 common shares) and 4.63% (42,822,430
common shares) respectively. Namarong Investments Pty Ltd interest
in the Company will decrease from 4.23% to 3.93% on an unchanged
holding of 36,334,069 common shares.
Defined terms used in this announcement will have the meaning
(unless the context otherwise requires) as set out in the Placing
Announcement released earlier today.
- ends -
Enquiries:
Tony Manini
Executive Chairman, Asiamet Resources Limited
Email: tony.manini@asiametresources.com
Peter Bird
Director & CEO, Asiamet Resources Limited
Email: peter.bird@asiametresources.com
Liberum Capital Limited
Neil Elliot, Clayton Bush, Kane Collings
Telephone: +44 20 3100 2222
Email: neil.elliot@liberum.com
NRG
Rita Adiani, Mick Oliver
Telephone: +44 20 3709 4504,4505
Email: rita.adiani@nrgcapitalpartners.com,
mick.oliver@nrgcapitalpartners.com
Optiva Securities Limited
Christian Dennis
Telephone: +44 20 3137 1903
Email: Christian.Dennis@optivasecurities.com
FlowComms Limited
Sasha Sethi
Telephone: +44 (0) 7891 677 441
Email: Sasha@flowcomms.com
Asiamet Resources Nominated Adviser
RFC Ambrian Limited
Andrew Thomson / Stephen Allen
Telephone: +61 8 9480 2500
Email: Andrew.Thomson@rfcambrian.com /
Stephen.Allen@rfcambrian.com
IMPORTANT INFORMATION
This Announcement contains (or may contain) certain
forward-looking statements with respect to certain of the Company's
plans and its current goals and expectations relating to its future
financial condition and performance and which involve a number of
risks and uncertainties. The Company cautions readers that no
forward-looking statement is a guarantee of future performance and
that actual results could differ materially from those contained in
the forward-looking statements. These forward-looking statements
can be identified by the fact that they do not relate only to
historical or current facts. Forward-looking statements sometimes
use words such as "aim", "anticipate", "target", "expect",
"estimate", "intend", "plan", "goal", "believe", or other words of
similar meaning. By their nature, forward-looking statements
involve risk and uncertainty because they relate to future events
and circumstances, including, but not limited to, economic and
business conditions, the effects of continued volatility in credit
markets, market-related risks such as changes in the price of
commodities or changes in interest rates and foreign exchange
rates, the policies and actions of governmental and regulatory
authorities, changes in legislation, the further development of
standards and interpretations under International Financial
Reporting Standards (IFRS) applicable to past, current and future
periods, evolving practices with regard to the interpretation and
application of standards under IFRS, the outcome of pending and
future litigation or regulatory investigations, the success of
future explorations, acquisitions and other strategic transactions
and the impact of competition. A number of these factors are beyond
the Company's control. As a result, the Company's actual future
results may differ materially from the plans, goals, and
expectations set forth in the Company's forward-looking statements.
Any forward-looking statements made in this Announcement by or on
behalf of the Company speak only as of the date they are made.
Except as required by the Financial Conduct Authority (the FCA),
the London Stock Exchange or applicable law, the Company expressly
disclaims any obligation or undertaking to release publicly any
updates or revisions to any forward-looking statements contained in
this Announcement to reflect any changes in the Company's
expectations with regard thereto or any changes in events,
conditions or circumstances on which any such statement is
based.
This Announcement is for information purposes only and shall not
constitute an offer to buy, sell, issue, or subscribe for, or the
solicitation of an offer to buy, sell, issue, or subscribe for any
securities, nor shall there be any sale of securities in any
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
This Announcement has been issued by and is the sole
responsibility of the Company. No representation or warranty,
express or implied, is or will be made as to, or in relation to,
and no responsibility or liability is or will be accepted by
Liberum Capital Limited, NRG or by any of their affiliates or
agents as to, or in relation to, the accuracy or completeness of
this Announcement or any other written or oral information made
available to or publicly available to any interested party or its
advisers, and any liability therefore is expressly disclaimed.
Liberum Capital Limited, which is authorised and regulated in
the United Kingdom by the FCA, is acting for the Company and for
no-one else in connection with the Placing, and will not be
responsible to anyone other than the Company for providing the
protections afforded to its customers or for providing advice to
any other person in relation to the Placing or any other matter
referred to herein.
NRG, which is authorised and regulated in the United Kingdom by
the FCA, is acting for the Company and for no-one else in
connection with the Placing, and will not be responsible to anyone
other than the Company for providing the protections afforded to
its customers or for providing advice to any other person in
relation to the Placing or any other matter referred to herein.
The distribution of this Announcement and the offering of the
Placing Shares in certain jurisdictions may be restricted by law.
No action has been taken by the Company, Liberum Capital Limited or
NRG that would permit an offering of such shares or possession or
distribution of this Announcement or any other offering or
publicity material relating to such shares in any jurisdiction
where action for that purpose is required. Persons into whose
possession this Announcement comes are required by the Company,
Liberum Capital Limited and NRG to inform themselves about, and to
observe such restrictions.
Persons (including, without limitation, nominees and trustees)
who have a contractual or other legal obligation to forward a copy
of the Appendix or this Announcement should seek appropriate advice
before taking any action.
The Placing Shares to which this Announcement relates may be
illiquid and / or subject to restrictions on their resale.
Prospective purchasers of the Placing Shares should conduct their
own due diligence on the Placing Shares. If you do not understand
the contents of this Announcement you should consult an authorised
financial adviser.
Neither the content of the Company's website nor any website
accessible by hyperlinks on the Company's website is incorporated
in, or forms part of, this Announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
March 13, 2018 14:15 ET (18:15 GMT)
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