BWAP BWA Group plc

 
TIDMBWAP 
 
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 
OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310. 
 
4 January 2024 
 
BWA Group PLC 
 
("BWA", the "Group", or the "Company") (AQSE: BWAP) 
 
Closing of second round of subscriptions 
 
Extension of Offer for Subscription 
 
BWA Group Plc [AQSE: BWAP], which holds mineral exploration licences in both 
Cameroon and Canada and is quoted on London's AQSE Growth Market, is pleased to 
announce, further to the notification of 3 November 2023 (the "Notification") 
and the closing of the first round of subscriptions (announced on 7 December 
2023 - the "First Closing"), the closing of the second round of subscriptions 
(the "Second Closing") for 226,800 new ordinary shares of 0.5p each ("Ordinary 
Shares"). As set out in the Notification, the new Ordinary Shares are being 
issued at a price of 0.5p per Ordinary Share, accompanied by warrants in the 
ratio of 1 for 2 ordinary shares subscribed, exercisable into Ordinary Shares at 
a price of 0.6p per share until 31 October 2024 and 0.75p per share thereafter 
until 31 October 2026 ("New Shares"). 
 
At the Second Closing, the Company has raised an additional £1,134, making a 
total of £458,134 when combined with the £457,000 at the First Closing (the 
"Subscription").  The Subscription has been received from an existing 
shareholder. The use of funds is as set out in the Notification. 
 
The New Shares will be allotted under the Company's existing unspent share issue 
authorities and are expected to be admitted to trading on the AQSE Growth Market 
on 9 January 2024 ("Admission"). 
 
The board of directors of the Company has agreed to extend the offer for 
subscription until 29 February 2024, at which time a third and final closing 
will take place.  All terms will remain as set out in the Notification.  Any 
shareholder who may wish to subscribe for New Shares in the issue may express an 
interest to the Company by emailing enquiries@bwagroupplc.com. 
 
On Admission, the Company will have 607,348,347 Ordinary Shares in issue, each 
with one voting right. The Company does not hold any shares in treasury and 
therefore the total number of voting rights in the Company is 607,348,347. This 
figure should be used by shareholders from Admission 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 Company under the FCA's 
Disclosure Guidance and Transparency Rules. 
 
The Board is responsible for the contents of this announcement. 
 
For further information on the Company, please visit: 
 
http://www.bwagroupplc.com/index.html (http://about:blank) 
 
or contact: 
 
BWA Group PLC              +44 (0)7770 225253 
 
James Butterfield          enquiries@bwagroupplc.com 
 
Chairman 
Jonathan Wearing 
 
Director 
Allenby Capital Limited    +44 (0)20 3328 5656 
 
Corporate Adviser 
 
Nick Harris/Lauren Wright 
 
 
This information was brought to you by Cision http://news.cision.com 
 
 
END 
 
 

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