Publication of Prospectus re SPP Offer

RNS Number : 7429W

Future Metals NL

22 August 2022

 

22 August 2022

Future Metals NL

Publication of Prospectus re Share Purchase Plan Offer

Not for release to US wire services or distribution in the United States

Future Metals NL ("Future Metals" or the "Company", ASX | AIM: FME ), is pleased to announce, further to its announcement of 17 August 2022, that the prospectus ("Prospectus") in respect of the Share Purchase Plan ("SPP") offer, which is being made on the same terms as the A$5m Placement to raise up to an additional A$0.5m (before expenses), has today been lodged with ASIC and the ASX, will shortly be posted to Eligible Shareholders and will also be made available on the Company's website together with a letter to Shareholders ("Shareholder Letter").

Pursuant to the terms of the SPP, the Company is offering Shareholders and Depositary Interest Holders who were registered as holders of Shares at 7:00 p.m. (WST) on 16 August 2022 (11:00 a.m. GMT on 16 August 2022 for Depository Interest Holders) and whose registered address is in Australia, New Zealand, the United Kingdom, Singapore or Germany, the opportunity to subscribe for a maximum of A$30,000 (£17,529) worth of new Shares at an issue price of A$0.125 (£0.073) per Share, to raise up to, in aggregate, A$500,000 (£292,150) (before expenses). In addition, Eligible Shareholders who participate in the SPP Offer will receive one free attaching Option for every three new Shares subscribed for and issued under the SPP (please refer to Section 6.2 of the Prospectus for the terms and conditions of such Options).

Further information on how Eligible Shareholders may apply for SPP shares is set out in the Prospectus, the SPP Application Form and the Shareholder Letter.

The revised indicative timetable for the SPP Offer is set out in full below.

Event	Shareholders	Depositary Interest Holders
Record Date for the SPP Offer	7:00 p.m. (WST) on 16 August 2022	11:00 a.m. (GMT) on 16 August 2022
Announcement of the SPP Offer and Placement	17 August 2022	17 August 2022
Lodgement of Prospectus with the ASIC and ASX	22 August 2022	22 August 2022
Opening Date of the SPP Offer under the Prospectus	22 August 2022	22 August 2022
Closing Date of the SPP Offer*	9 September 2022	9 September 2022
Announcement of the results of the SPP Offer	12 September 2022	12 September 2022
Official Quotation of Securities under the SPP Offer on ASX	15 September 2022	15 September 2022
Admission to trading on AIM of Securities under the SPP Offer	15 September 2022	15 September 2022

Notes :

* - Subscribers under the SPP Offer should ensure that they have lodged their Application Forms by this date. This timetable is indicative only and subject to change at the discretion of Future Metals and subject to the Listing Rules. Future Metals reserves the right to extend the closing date, accept late applications or withdraw the SPP without prior notice.

Capitalised terms used in this announcement have the same meanings as those given to them in the Company's Prospectus of 22 August 2022 unless otherwise stated.

This announcement has been approved for release by the Board of Future Metals NL .

For further information, please contact :

Future Metals NL	[phone]
Jardee Kininmonth	[e-mail]
Strand Hanson Limited (Nominated Adviser)	[phone]
James Harris/James Bellman
W H Ireland Limited (UK Broker) Harry Ansell/Katy Mitchell	[phone]
White Noise Communications (Australian IR/PR) Fiona Marshall	+ 61 400 512 109

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 is forms part of United Kingdom domestic law pursuant to the European Union (Withdrawal) Act 2018, as amended.

NOT AN OFFER

This announcement is for information purposes only and is not a prospectus, product disclosure statement or any other offering document under Australian law or the law of any other jurisdiction (and will not be lodged with the Australian Securities and Investments Commission ("ASIC") or any foreign regulator). The information does not and will not constitute or form part of an offer, invitation, solicitation or recommendation in relation to the subscription, purchase or sale of securities in any jurisdiction and neither this announcement nor anything in it shall form any part of any contract for the acquisition of Future Metals securities. The distribution of this announcement in jurisdictions outside Australia may be restricted by law and you should observe any such restrictions.

NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES OF AMERICA

This announcement has been prepared for publication in Australia and may not be released to US wire services or distributed in the United States. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in this announcement have not been, and will not be, registered under the US Securities Act of 1933 ("US Securities Act") and may not be offered or sold in the United States except in transactions exempt from, or not subject to, registration under the US Securities Act and applicable US state securities laws.

 

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