Ferrum Crescent Ltd Equity fundraising and appointment of Broker (1711Q)
08 September 2017 - 4:00PM
UK Regulatory
TIDMFCR
RNS Number : 1711Q
Ferrum Crescent Ltd
08 September 2017
8 September 2017
Ferrum Crescent Limited
("FCR", the "Company" or the "Group")(ASX, AIM,JSE: FCR)
Equity fundraising of GBP193,304 gross
and appointment of Broker
FCR, the lead-zinc exploration company, is pleased to announce
that it has conditionally raised, in aggregate, GBP193,304 before
expenses, through a placement, via Peterhouse Corporate Finance
Limited ("Peterhouse"), as agent of the Company, of 214,782,526 new
ordinary shares of no par value each in the capital of the Company
(the "Placing Shares") (the "Placing") at an issue price of 0.09
pence per new ordinary share.
The Placing is conditional on admission of the Placing Shares to
trading on AIM ("Admission"). The Placing Shares will be issued
without shareholder approval utilising the Company's existing
placement capacity under ASX Listing Rule 7.1A and, following
Admission, will represent, in aggregate, approximately 8.00 per
cent. of the Company's enlarged issued share capital. The Placing
was oversubscribed.
Application to trading
Application will be made for quotation of the Placing Shares on
the Australian Securities Exchange and the JSE Limited, and to the
London Stock Exchange plc for Admission. It is expected that
Admission of the Placing Shares will become effective and that
dealings in the Placing Shares will commence on AIM at 8.00 a.m. on
14 September 2017.
The Placing Shares will be fully paid and will rank pari passu
in all respects with the Company's existing ordinary shares.
Following Admission, the total issued ordinary share capital of the
Company will comprise 2,684,781,581 ordinary shares.
Use of Proceeds
The Company intends to utilise the net proceeds from the Placing
to undertake additional exploration and evaluation activities at
the Toral and Lago lead-zinc exploration projects in Spain and for
general working capital purposes.
In addition, the Company is pleased to announce that it has
appointed Peterhouse as a Broker with immediate effect.
For further information on the Company, please visit
www.ferrumcrescent.com or contact:
Ferrum Crescent Limited
Justin Tooth, Executive Chairman
Grant Button, Director and Company Secretary
T: +61 8 9474 2995
UK enquiries:
Laurence Read (UK representative)
T: +44 7557 672 432
Strand Hanson Limited (Nominated Adviser)
Rory Murphy / Matthew Chandler
T: +44 (0)20 7409 3494
Peterhouse Corporate Finance Limited (Broker)
Lucy Williams / Duncan Vasey / Heena Karani
T: +44 (0)20 7469 0930
Beaufort Securities Limited (Broker)
Elliot Hance
T: +44 (0)20 7382 8300
Bravura Capital (Pty) Ltd (JSE Sponsor)
Melanie De Nysschen
T (direct): +27 11 459 5052
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 company news service from the London Stock Exchange
END
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