TIDMUFO
RNS Number : 9321I
Alien Metals Limited
10 August 2023
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT
FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,
IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA,
CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR NEW ZEALAND OR IN OR
INTO ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
BREACH OF ANY APPLICABLE LAW OR REGULATION.
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT
ITSELF CONSTITUTE A PROSPECTUS OR OFFERING MEMORANDUM OR AN OFFER
FOR SALE OR SUBSCRIPTION IN RESPECT OF ANY SECURITIES IN THE
COMPANY. THIS ANNOUNCEMENT 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 OF ALIEN METALS LTD IN ANY JURISDICTION WHERE TO DO SO
WOULD BREACH ANY APPLICABLE LAW OR REGULATION.
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 AS IT FORMS PART OF
UK DOMESTIC LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT
2018, AS AMENDED . UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A
REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO
BE IN THE PUBLIC DOMAIN .
10 August 2023
Alien Metals Ltd
("Alien Metals", the "Company" or the "Group") (AIM: UFO, FWB:
I3A1)
Result of Placing and TVR
Alien Metals Ltd (LSE AIM:UFO), a global minerals exploration
and development company, announces that, further to its
announcement of 5.12 p.m. (London time) yesterday, it has
successfully completed and closed the Placing (the
"Fundraise").
The Fundraise has raised, in aggregate, gross proceeds of GBP2
million through the placing of 1,000,000,000 new Common Shares to
certain investors at a price of 0.2 pence per share. The Placing
Price represents a discount of approximately 29 per cent. to the
Closing Price of 0.28 pence per Common Share on 8 August 2023,
being the latest practicable business day prior to the publication
of yesterday's announcement.
The net proceeds of the Fundraise will be applied towards:
-- Funding UK and Australian salaries, overheads, corporate
activities and working capital, until early 2024
-- Funding exploration activities particularly around Native
title negotiations and field heritage surveys at Hancock
-- Funding exploration activities at Pinderi Hills, an area
which includes Elizabeth Hill and Munni Munni
As part of the Placing and included above, the company will
issue WH Ireland Limited with 39,930,144 new Common Shares in lieu
of fees.
Director & PDMR Participation
A Director of the Company and a PDMR participated in the
Fundraise as follows:
-- Alwyn Vorster, Non-Executive Chairman, participated in the
Fundraise for, in aggregate, 12,500,000 new Common Shares at the
Placing Price. The total Common Shares in the Company in which
Alwyn Vorster is interested, immediately following Admission, will
be 12,500,000 Common Shares representing approximately 0.2% of the
Enlarged Issued Share Capital; and
-- Troy Whittaker, CEO, participated in the Fundraise for, in
aggregate, 12,500,000 new Common Shares at the Placing Price. The
total Common Shares in the Company held by Troy Whittaker,
immediately following Admission, will be is 31,309,524 Common
Shares representing approximately 0.5% of the Enlarged Issued Share
Capital.
Admission and Total Voting Rights
Application will be made to the London Stock Exchange for
admission of the 1,000,000,000 Common Shares to trading on AIM. It
is expected that admission will become effective and dealings in
the Common Shares will commence on AIM at 8.00 a.m. on 17 August
2023 (or such later date as may be agreed between the Company and
the Bookrunner, but no later than 31 August 2023).
The Placing Shares will be issued fully paid and will rank pari
passu in all respects with the Company's existing Common
Shares.
Following Admission, the total number of Common Shares in the
capital of the Company in issue will be 6,335,479,174 with voting
rights. This figure may be used by shareholders 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's issued share capital pursuant to the Company's
Articles.
Capitalised terms used but not otherwise defined in this
announcement shall have the meanings ascribed to such terms in the
Company's announcement made at 5.12 p.m. on 9 August 2023, unless
the context requires otherwise.
For further information on the Company, please visit www.alienmetals.uk or contact:
Alien Metals Limited
Troy Whittaker
T: +44 (0) 20 7138 3204 (c/o BlytheRay)
WH Ireland Limited (Broker and Bookrunner)
Harry Ansell/Dan Bristowe/Katy Mitchell/Andrew de Andrade
T: +44 (0)20 7 220 1666
Beaumont Cornish Limited (Nominated Adviser)
James Biddle/Roland Cornish
www.beaumontcornish.com
T: +44 (0)20 7628 3396
BlytheRay (Financial PR)
Tim Blythe / Megan Ray / Said Izagaren
Tel: +44 (0) 20 7138 3204
Alwyn Vorster
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Alwyn Vorster
2 Reason for notification
a) Position / status Non-Executive Chairman
b) I nitial notification Initial
/Amendment
3 Details of t he issu er, e mission allow a n ce m a r
k et participan t, au ct ion plat for m, au ction eer
or auc tion monitor
a) Name Alien Metals Limited
b) LEI 213800KS2BKR6QBRHE44
4 Details of t he t ransact ion (s): section to be re p
eated for ( i) e a ch type of instr u m e n t; (ii) each
type of transac tion; (iii) each date; and ( iv) each
place w h ere transactions have b een condu cted
a) Description of the financial 12,500,000 Common Shares of
instrument, t ype of instrument Alien Metals Limited
I d e ntification code ISIN VGG017351021
Nature of the transaction Director's participation in
a Placing
c) Price(s) and volumes(s) Price(s) Volumes(s)
0.2 pence 12,500,000
-----------
d) Aggregated information n/a
e) Date of the transaction 10 August 2023
f) Place of the transaction Outside a trading venue
Troy Whittaker
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Troy Whittaker
2 Reason for notification
a) Position / status CEO
b) I nitial notification Initial
/Amendment
3 Details of t he issu er, e mission allow a n ce m a r
k et participan t, au ct ion plat for m, au ction eer
or auc tion monitor
a) Name Alien Metals Limited
b) LEI 213800KS2BKR6QBRHE44
4 Details of t he t ransact ion (s): section to be re p
eated for ( i) e a ch type of instr u m e n t; (ii) each
type of transac tion; (iii) each date; and ( iv) each
place w h ere transactions have b een condu cted
a) Description of the financial 12,500,000 Common Shares of
instrument, t ype of instrument Alien Metals Limited
I d e ntification code ISIN VGG017351021
Nature of the transaction CEO (Non-Board) participation
in a Placing
c) Price(s) and volumes(s) Price(s) Volumes(s)
0.2 pence 12,500,000
-----------
d) Aggregated information n/a
e) Date of the transaction 10 August 2023
f) Place of the transaction Outside a trading venue
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END
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