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THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES
ONLY AND DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION,
SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO
SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN
BEOWULF MINING PLC OR ANY OTHER ENTITY IN ANY JURISDICTION. NEITHER
THIS ANNOUNCEMENT NOR THE FACT OF ITS DISTRIBUTION, SHALL FORM THE
BASIS OF, OR BE RELIED ON INCONNECTION WITH ANY INVESTMENT DECISION
IN RESPECT OF BEOWULF MINING PLC.
The
information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulation ("MAR") (EU) No. 596/2014, as incorporated into UK law
by the European Union (Withdrawal) Act 2018 (as amended). Upon the
publication of this announcement, through the agency of the contact
person of the Company set out below, this inside information is now
considered to be in the public domain.
13 March
2024
Beowulf Mining plc
("Beowulf" or the
"Company")
Publication of
Prospectus
Beowulf (AIM: BEM; Spotlight: BEO), is pleased
to announce that further to the announcements of 16 February 2024,
4 March 2024 and 12 March 2024, that the Prospectus in respect of
the Company's rights issue of Swedish Depository Receipts (the
"Rights Issue") (the
"Prospectus") has been
approved by the Swedish Financial Supervisory Authority and has
been published by the Company. The Prospectus, as it relates to the
Rights Issue, is provided in Swedish only.
The Prospectus is available to view on the
Beowulf website at:
https://beowulfmining.com/investors/capital-raising-2024/
The Prospectus will also be made available to
view on the Evli Plc's and Aqurat Fondkommision's webpages at
www.evli.com and www.aqurat.se as well as at Swedish Financial
Supervisory Authority website www.fi.se.
Link to
relating press releases:
https://polaris.brighterir.com/public/beowulf_mining_plc/news/rns/story/w63zplw
(16 February 2024)
https://polaris.brighterir.com/public/beowulf_mining_plc/news/rns/story/x81m25w
(4 March 2024)
https://polaris.brighterir.com/public/beowulf_mining_plc/news/rns/story/w3pp92x
(12 March 2024)
Advisers
In relation to the Rights Issue, the Company
has engaged Evli Plc as Swedish financial adviser, Bird & Bird
Advokat KB as Swedish legal advisor and Aqurat Fondkommission AB as
Swedish issuing agent.
Enquiries:
Beowulf Mining
plc
Ed Bowie, Chief Executive
Officer
ed.bowie@beowulfmining.com
Evli
Plc
(Swedish financial adviser)
Mikkel Johannesen / Lars Olof Nilsson
Tel: +46 (0) 73 147 0013
SP
Angel
(Nominated Adviser & Joint
Broker)
Ewan Leggat / Stuart Gledhill / Adam
Cowl Tel: +44
(0) 20 3470 0470
Alternative
Resource Capital
(Joint Broker)
Alex
Wood
Tel: +44 (0) 20 7186 9004
BlytheRay
Tim Blythe / Megan Ray
Tel: +44 (0) 20 7138 3204
Cautionary
Statement
Statements and assumptions made in this
document with respect to the Company's current plans, estimates,
strategies and beliefs, and other statements that are not
historical facts, are forward-looking statements about the future
performance of Beowulf. Forward-looking statements include, but are
not limited to, those using words such as "may", "might", "seeks",
"expects", "anticipates", "estimates", "believes", "projects",
"plans", strategy", "forecast" and similar expressions. These
statements reflect management's expectations and assumptions in
light of currently available information. They are subject to a
number of risks and uncertainties, including, but not limited to ,
(i) changes in the economic, regulatory and political environments
in the countries where Beowulf operates; (ii) changes relating to
the geological information available in respect of the various
projects undertaken; (iii) Beowulf's continued ability to secure
enough financing to carry on its operations as a going concern;
(iv) the success of its potential joint ventures and alliances, if
any; (v) metal prices, particularly as regards iron ore. In the
light of the many risks and uncertainties surrounding any mineral
project at an early stage of its development, the actual results
could differ materially from those presented and forecast in this
document. Beowulf assumes no unconditional obligation to
immediately update any such statements and/or forecast.