Caracal Gold PLC Admission of Shares (7415U)
03 Agosto 2022 - 8:00AM
UK Regulatory
TIDMGCAT
RNS Number : 7415U
Caracal Gold PLC
03 August 2022
Caracal Gold plc / EPIC: GCAT / Market: Main / Sector:
Mining
3 August 2022
Caracal Gold plc ('Caracal' or the 'Company')
Admission of Shares
Caracal Gold plc, the expanding East African gold producer with
over 1,300,000oz JORC-compliant gold resources, provides an update
on its total issued share.
Certain share admissions previously announced by the Company
have not been admitted to the Financial Conduct Authority's ("FCA")
Official List and to trading on the London Stock Exchange. Details
are set out in the table below.
Date Number of Details
shares
27-Dec-21 24,000,000 Placing shares issued at 1.25p per share.
Proceeds of the fundraising used to
fund the capital and working capital
costs of the announced Phase 3 Development
Plan.
------------ -----------------------------------------------
27-Jan-22 9,100,000 Share issuance in lieu of research services
totalling GBP90,000
------------ -----------------------------------------------
07-Feb-22 37,500,000 30,000,000 warrants exercised by former
directors in lieu of outstanding fees
due to them, along with 7,500,000 performance
shares issued as conditions of the incentives
had been met, and are subject to a 12-month
lock-in. Application for admission to
trading for these shares is subject
to the publication of a prospectus.
------------ -----------------------------------------------
14-Feb-22 177,048,592 Placing shares issued at 0.95p per share.
Proceeds of the fundraising used to
fund the capital and working capital
costs of the announced Phase 3 Development
Plan.
------------ -----------------------------------------------
17-Feb-22 16,000,000 Placing shares issued at 1.25p per share.
Proceeds of this fundraising used to
fund the capital and working capital
costs of the announced Phase 3 Development
Plan.
------------ -----------------------------------------------
Total 263,648,592
------------
Admission
In order to rectify the position, application will be made to
the FCA for the shares to be admitted to the Official List and to
the LSE for the shares to be admitted to trading on the LSE
("Admission") in two tranches.
Application will be made to the LSE for 226,148,592 shares (the
"Tranche 1 Shares") to be admitted to trading, with Admission
expected on or around 8(th) August 2022.
Admission of 37,500,000 shares (the "Tranche 2 Shares") to
trading on the Main Market of the LSE will be subject to the
publication of a prospectus. Work has commenced on production of
the prospectus, which will be published as soon as practicable,
subject to approval by the FCA.
The Tranche 1 Shares and the Tranche 2 Shares will rank pari
passu with the Company's existing Ordinary Shares in all
respects.
Total Voting Rights
The current issued share capital of the Company is 1,878,977,593
Ordinary Shares, each 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, under the
Disclosure and Transparency Rules.
**ENDS**
For further information visit www.caracalgold.com or contact the following:
Caracal Gold plc info@caracalgold.com
Robbie McCrae
Sheila Boit
VSA Capital Ltd
Financial Adviser and Joint Broker
Andrew Raca (Corporate Finance) +44 203 005 5000
-------------------------------
Clear Capital Markets Limited
Joint Broker +44 203 897 0981 / +44 203
Keith Swann / Jon Critchley 869 6086
-------------------------------
St Brides Partners Ltd caracal@stbridespartners.co.uk
Financial PR
Charlotte Page / Isabel de Salis
/ Isabelle Morris
-------------------------------
DGWA, the German Institute for info@dgwa.org
Asset and
Equity Allocation and Valuation
European Investor and Corporate
Relations Advisor
Katharina Löckinger
-------------------------------
Notes
Caracal Gold plc is an emerging East African focused gold
producer with a clear path to grow production and resources both
organically and through strategic acquisitions. Its aim is to
rapidly increase production to +50,000ozs p.a. and build a JORC
compliant resource base of +3Moz. To this end, it is progressing a
well-defined mine optimisation strategy at its 100% owned
Kilimapesa Gold Mine in Kenya, where there is significant mid-term
expansion potential and ability to increase gold production to
24,000oz p.a. and the resource to +2Moz (current JORC compliant
resources of approx. 671,000oz). Additionally, its experienced
team, with proven track record in successfully developing and
operating mining projects throughout Africa, is reviewing other
complementary and strategically located gold mine and development
projects in East Africa.
Caracal is a responsible mining and exploration company and
supports the positive social and economic change that it
contributes to the communities in the regions that it operates. It
is a proudly East African-focused company: it buys locally, employs
locally, and protects the environment and its employees and their
families' health, safety, and wellbeing.
Caracal's shares are quoted on the Main Market of the London
Stock Exchange (LON: GCAT) and on the Frankfurt Stock Exchange
(FSE: 6IK); a listing on the Nairobi Securities Exchange is
underway.
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