THIS
ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED
AND ARE NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA,
CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION IN
WHICH THE SAME WOULD BE UNLAWFUL.
THIS
ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT
CONSTITUTE AN OFFER TO SELL OR ISSUE OR A SOLICITATION TO BUY,
SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY SECURITIES IN ANY
JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE
UNLAWFUL, INCLUDING THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR
THE REPUBLIC OF SOUTH AFRICA. NEITHER THIS ANNOUNCEMENT NOR
ANYTHING CONTAINED HEREIN SHALL FORM THE BASIS OF, OR BE RELIED
UPON IN CONNECTION WITH, ANY SUCH OFFER, SOLICITATION OR COMMITMENT
WHATSOEVER IN ANY OF THOSE JURISDICTIONS.
Celsius Resources
Limited
("Celsius" or the
"Company")
Result of Placing
Celsius (AIM:CLA), is pleased to announce
that, further to its announcement of 4.30 p.m today, it has
successfully completed and closed the Placing to raise gross
proceeds of approximately £1 million.
The Placing has raised, in aggregate, gross
proceeds of approximately £1 million through the placing of
162,308,329 new Ordinary Shares
("Placing Shares") to
certain institutional and other investors at a price of 0.6 pence
per share.
The Placing Shares will be issued on or around
18 April 2024, all shares will be under the Company's pre existing
share capital authorities. The Placing Shares will be
issued fully paid and will rank pari passu in all respects with the
Company's existing Ordinary Shares.
The net proceeds of the Placing received by the
Company will be used to:
Reasons for the Placing and Use of Proceeds
The Company is undertaking the
Placing to progress its corporate and operational strategy and the
net proceeds will therefore be applied towards:
·
Early development works at the MCB
Project;
·
Permitting costs at the Sagay Copper-Gold
Project;
·
Exploration costs at the Botilao Copper-Gold
Prospect; and
·
General working capital
Admission and
Total Voting Rights
Application has been made to the London Stock
Exchange for admission of the Placing Shares to trading on AIM (the
"Admission"). It is
expected that Admission will become effective and dealings in the
Placing Shares will commence at 8.00 a.m. on or around
18 April 2024.
Admission is conditional, inter alia, upon the
Admission becoming effective and the Placing Agreement being
executed and not having been terminated and becoming unconditional
in respect of the Placing Shares. The Placing does not require
Shareholder approval as the Placing Shares will be issued pursuant
to the Company's pre-existing share capital authorities granted at
its previous general meeting.
Following Admission, the total number of
Ordinary Shares in the capital of the Company in issue will be
2,408,359,991 Ordinary Shares with voting rights. This figure may
be used by shareholders in the Company 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 share capital.
Capitalised terms used but not defined in this announcement
have the meanings given to them in the Company's announcement
released this morning in respect of the Placing unless the context
provides otherwise.
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For
further information contact:
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Beaumont Cornish Limited ("Beaumont Cornish") is the Company's
Nominated Adviser and is authorised and regulated by the FCA.
Beaumont Cornish's responsibilities as the Company's Nominated
Adviser, including a responsibility to advise and guide the Company
on its responsibilities under the AIM Rules for Companies and AIM
Rules for Nominated Advisers, are owed solely to the London Stock
Exchange. Beaumont Cornish is not acting for and will not be
responsible to any other persons for providing protections afforded
to customers of Beaumont Cornish nor for advising them in relation
to the proposed arrangements described in this announcement or any
matter referred to in it.