Result of Placing and TVR

Alien Metals Limited

01 August 2024

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR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.

1 August 2024

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 11:01 a.m. (London time) today (the "Announcement"), it has successfully completed and closed the Placing.

The Placing has raised, in aggregate, gross proceeds of £0.6 million through the placing of 545,454,545 new Common Shares to certain investors at a price of 0.11 pence per share. The Placing Price represents a discount of approximately 10.2 per cent. to the Closing Price of 0.1225 pence per Common Share on 31 July 2024, being the latest practicable business day prior to the publication of the Announcement.

The net proceeds of the Placing will be principally used to advance the Company's iron ore project, and silver and precious metals project, in Western Australia and for general working capital purposes.

Admission and Total Voting Rights

Application has been made to the London Stock Exchange for admission of the 545,454,545 Placing Shares to trading on AIM. It is expected that admission will become effective and dealings in the Placing Shares will commence on AIM at 8.00 a.m. on 7 August 2024 (or such later date as may be agreed between the Company and the Bookrunner, but no later than 31 August 2024).

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 7,509,915,386 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 Announcement, unless the context requires otherwise.

For further information on the Company, please visit www.alienmetals.uk or contact:

Alien Metals Limited
Guy Robertson
T: [phone] (c/o Yellow Jersey)

Zeus Capital Limited (Broker and Bookrunner)
Harry Ansell/Dan Bristowe/Katy Mitchell/Andrew de Andrade
Tel: [phone]

Strand Hanson (Nominated Adviser)
James Harris / James Dance / Robert Collins
Tel: [phone]

CMC Markets (Joint Broker)
Douglas Crippen
Tel: [phone]

Yellow Jersey PR (Financial PR)
Charles Goodwin / Shivantha Thambirajah / Zara McKinlay
Tel: [phone]
[e-mail]

 

END