Alien Metals Limited Brokered placing and appointment of Joint Broker
June 28 2019 - 1:01AM
UK Regulatory
TIDMUFO
ALIEN METALS
Trading Symbols
AIM: UFO
FWB: I3A1
28 June 2019
Alien Metals Ltd
("Alien" or "the Company")
Brokered placing and appointment of Joint Broker
Alien Metals Ltd, the AIM quoted exploration and development company, is
pleased to announce that it has raised GBP350,000, before expenses, through the
placing of 233,333,333 Common shares of no par value ("New Common Shares") at a
price of 0.15 pence each ("the Placing") through SVS Securities plc ("SVS").
The proceeds of the Placing will be used for further exploration work at the
Company's wholly owned Donovan 2, Los Campos and San Celso projects and for
general working capital purposes.
The placing was at a 7.14% premium to the closing price of 0.14 pence per share
on 27 June 2019.
Peter Taylor, CEO of Alien, commented: "This modest round of strategic funding
comes at a premium, underwrites ongoing exploration of the asset portfolio and
opens new opportunities to consider complementary projects. I am pleased to
welcome and secure the brokerage and research capabilities of SVS alongside
those of First Equity."
The Placing is conditional only on the New Common Shares being admitted to
trading on AIM ("Admission"). Application will be made to the London Stock
Exchange for the 233,333,333 New Common Shares to be admitted to trading on
AIM. Admission of the New Common Shares is expected to become effective at 8:00
am on or around 4 July 2019.
Following Admission, the Company will have 1,351,723,274 Common shares of no
par value in issue. The Company has no shares in treasury, therefore the figure
of 1,351,723,274 should be used by shareholders for the calculations by which
they will determine if they are required to notify their interest in, or a
change of their interest in, the share capital of the Company under the FCA's
Disclosure and Transparency Rules.
Appointment of Joint Broker
In conjunction with the Placing the Company has appointment SVS as Joint Broker
with immediate effect
This announcement contains inside information for the purposes of Article 7 of
Regulation (EU) 596/2014.
For further information please visit the Company's website at
www.alienmetals.uk , or contact:
Alien Metals Limited Yellow Jersey PR Limited
Peter Taylor, CEO Felicity Winkles/Annabel Atkins
David Taylor, Company Secretary Tel: +44 (0)774 884 3871
Tel: +44 (0)20 7887 6599
Beaumont Cornish Limited (Nomad) First Equity Limited (Joint Broker)
James Biddle/ Roland Cornish Jason Robertson
www.beaumontcornish.com Tel +44 (0)20 7374 2212
Tel: +44 (0) 207 628 3396
SVS Securities plc (Joint Broker)
Elliot Hance
Tel +44 (0)20 3700 0100
Notes to Editors
Alien Metals Limited is an AIM quoted mining exploration and development
company. Since the recomposition of the Board and company name change in 2018,
Alien has focused on delivering its strategy of acquiring mining projects which
demonstrate significant development upside, in jurisdictions with established
infrastructure and mining codes, and where strong operational controls can be
assured.
In addition to progressing its acquisition-led strategy, following the
strategic review of its portfolio of projects in Mexico during 2018-19, the
Company has identified exploration targets across its 12 mining concessions in
Zacatecas, Mexico, which it is working to advance systematically.
END
(END) Dow Jones Newswires
June 28, 2019 02:01 ET (06:01 GMT)
Alien Metals (LSE:UFO)
Historical Stock Chart
From Apr 2024 to May 2024
Alien Metals (LSE:UFO)
Historical Stock Chart
From May 2023 to May 2024