TIDMEUZ
RNS Number : 3889X
Europa Metals Ltd
10 August 2018
10 August 2018
Europa Metals Ltd
("Europa Metals", the "Company" or the "Group")(ASX, AIM, JSE:
EUZ)
Completion of Placing and Appendix 3B
and addendum to Appendix 5B
Europa Metals, the European lead-zinc explorer, is pleased to
announce that further to the conditional fundraising announced on
27 July 2018, it has today issued 727,118,650 fully paid new
ordinary shares of no par value each in the capital of the Company
at an issue price of 0.0775 pence per share to raise approximately
GBP563,516 (approximately A$0.98m) before expenses. Accordingly,
the fundraising has now been completed.
Placing Shares and Corporations Act Confirmations
The equity fundraising comprised a placing arranged by the
Company's joint broker, Turner Pope Investments (TPI) Limited, as
agent of the Company, to raise, in aggregate, approximately
GBP563,516 (approximately A$0.98m) before expenses, through the
issue of, in aggregate, 727,118,650 new ordinary shares of no par
value each in the capital of the Company (the "Placing Shares") at
an issue price of 0.0775 pence per share (the "Placing"). The
Placing Shares were issued to certain new and existing investors
utilising the remainder of the Company's existing placement
capacity under ASX Listing Rule 7.1.
The net proceeds from the Placing will be utilised towards
funding a planned phase 2 work programme at the Company's wholly
owned Toral lead-zinc-silver project, located in the Province of Le
n, northern Spain, as well as providing additional general working
capital for the Group.
The Company hereby notifies ASX under section 708A(5)(e) of the
Corporations Act (the "Act") in compliance with the requirements of
section 708A(6) of the Act. The Company also advises that as at the
date of this announcement:
1. the Placing Shares were issued without disclosure to
investors under Part 6D.2 of the Act;
2. the Company has complied with the provisions of Chapter 2M of
the Act as they apply to the Company;
3. the Company has complied with section 674 of the Act; and
4. as at the date of this announcement, there is no
information:
a. that has been excluded from a continuous disclosure notice in
accordance with the ASX Listing Rules; or
b. that investors and their professional advisers would
reasonably require for the purpose of making an informed assessment
of:
i. the assets and liabilities, financial position and
performance, profits and losses and prospects of the Company;
or
ii. the rights and liabilities attaching to the shares.
An Appendix 3B pursuant to the ASX Listing Rules, with respect
to the issue of the Placing Shares, can be viewed here:
http://www.rns-pdf.londonstockexchange.com/rns/3889X_1-2018-8-9.pdf
Addendum to Appendix 5B
Further to the Company's Quarterly Activities and Cashflow
Report for the period ended 30 June 2018, which was announced on 31
July 2018, the figure of A$85,000 disclosed in section 6.1 of the
associated Appendix 5B for the aggregate amount of payments to
directors of the entity and their associates comprised payments of
directors fees totalling A$76,000 and company secretarial fees of
A$9,000.
For further information on the Company, please visit
www.europametals.com or contact:
Europa Metals Ltd
Dan Smith, Non-Executive Director and Company Secretary
(Australia)
T: +61 417 978 955
Laurence Read, Executive Director (UK)
T: +44 (0)20 3289 9923
Strand Hanson Limited (Nominated Adviser)
Rory Murphy/Matthew Chandler
T: +44 (0)20 7409 3494
Turner Pope Investments (TPI) Limited (Joint Broker)
Andy Thacker
T: +44 (0)20 3621 4120
Peterhouse Corporate Finance Limited (Joint Broker)
Lucy Williams/Duncan Vasey/Heena Karani
T: +44 (0)20 7469 0930
Sasfin Capital Proprietary Limited (a member of the Sasfin
group) (JSE Sponsor)
Sharon Owens
T (direct): +27 11 809 7762
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.
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
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCFKCDQQBKDFFK
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