19 June 2024
Firering Strategic Minerals
Plc
("Firering", the "Company" or the "Group")
Result of
General Meeting
Firering Strategic Minerals Plc
(AIM:FRG), an exploration and development company focusing on
strategic minerals, announces that, at
the General Meeting held earlier today, the Resolution to permit
allotment of shares in relation to the Fundraising announced on 28
May 2024 (RNS titled "Placing and Subscription") was
passed.
Allotment of Shares
On 29 May 2024 it was announced (RNS
titled "Result of Placing, Subscription and WRAP Retail Offer")
that the Company resolved to issue a total of 73,761,586 Ordinary
Shares under the Placing, Subscription and WRAP Retail Offer at an
issue price of 2.9 pence per Ordinary Share to raise £2.139
million. This follows an announcement on 28 May 2024 (RNS titled
"Placing and Subscription") confirming that certain directors of
the Company, together with their related parties ("Subscribing
Directors"), intended to subscribe for Ordinary Shares at the Issue
Price for a minimum of £0.18 million ("Directors' Subscription")
once the Company has published its audited accounts for year ending
31 December 2023, and is out of its current "closed" period,
.
The Company has today allotted a
total of 72,037,449 Ordinary Shares (raising £2.089 million) in
relation to the Placing, Subscription and WRAP Retail
Offer.
The Subscribing Directors have
confirmed an intention to now subscribe for a minimum of £0.23
million, such that the amount to be raised, in aggregate, under the
Placing, Subscription, WRAP Retail Offer and Directors Subscription
will raise £2.319 million, being the aggregate fundraising
previously anticipated in the 29 May 2024 notification.
Admission and Total Voting Rights
It is expected that admission of the
72,037,449 Ordinary Shares to trading on AIM will commence at 8.00
a.m. on 20 June 2024.
Following Admission, the
total number of Ordinary Shares in the capital of
the Company in issue will be 173,874,148 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 12.00 noon on 29 May 2024, unless
the context requires otherwise.
For further information on the
Company, please visit www.fireringplc.com
or contact:
|
Firering Strategic Minerals
Yuval Cohen
|
Tel: +44 20 7236 1177
|
|
SPARK Advisory Partners Limited (Nominated
Adviser)
Neil Baldwin / James Keeshan / Adam
Dawes
|
T: +44 20 3368 3550
|
|
Optiva Securities Limited (Joint Broker)
Christian Dennis / Daniel
Ingram
|
T: +44 20 3137 1903
|
|
Shard Capital Partners LLP (Joint Broker)
Damon Heath / Erik
Woolgar
|
T: 020 7186 9950
|
|
St
Brides Partners Limited (Financial PR)
Isabel de Salis / Susie Geliher /
Isabelle Morris
|
E: firering@stbridespartners.co.uk
|