Tertiary Minerals PLC Placing to Raise GBP450,000 and TVR (9607M)
26 Gennaio 2021 - 4:25PM
UK Regulatory
TIDMTYM
RNS Number : 9607M
Tertiary Minerals PLC
26 January 2021
26 January 2021
Tertiary Minerals plc ("Tertiary Minerals plc" or the
"Company")
Placing to Raise GBP450,000
Total Voting Rights
Tertiary Minerals plc is pleased to announce that it has raised
GBP450,000 before expenses by way of a placing ("Placing") of
173,076,923 new ordinary shares ("Placing Shares") at 0.26 pence
per share ("Placing Price"). The Placing Shares will rank
pari-passu with all existing ordinary shares in the Company. The
Placing was arranged through Peterhouse Capital Limited
("Peterhouse"), joint broker to the Company.
The funds raised will provide additional working capital for the
Company and additional funds for ongoing development and
exploration of its project portfolio.
The Placing is being made under existing shareholder
authorities. Application will be made to the London Stock Exchange
for the Placing Shares to be admitted to trading on AIM
("Admission"), and it is expected that Admission will occur on or
around 1 February 2021. Under the Company's agreement with Joint
Broker Peterhouse, 8,653,846 warrants will be issued to Peterhouse,
each warrant entitling the holder to apply for one new ordinary
share at the Placing Price at any time within 12 months from the
date of issue.
Total Voting Rights
In accordance with Financial Conduct Authority's Disclosure and
Transparency Rules ("DTR"), following the issue and Admission of
the Placing Shares, the total issued share capital of the Company
with voting rights will be 1,047,905,778.
The above figure of 1,047,905,788 ordinary shares 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 in their interest in, the share capital of
the Company under the DTR.
Patrick Cheetham, Executive Chairman of the Company, commented
today: "We are very pleased to take this opportunity to boost our
Treasury as we continue to build and explore our portfolio of
mineral projects and royalty interests in Nevada and Europe where
exciting results have been announced in recent weeks and where work
is ongoing."
For more information please contact:
Tertiary Minerals plc:
Patrick Cheetham, Executive
Chairman +44 (0) 1625 838 679
----------------------
SP Angel Corporate Finance LLP
Nominated Adviser and Broker
Richard Morrison +44 (0) 203 470 0470
----------------------
Caroline Rowe
----------------------
Peterhouse Capital Limited
Joint Broker
Lucy Williams + 44 (0) 207 469 0930
-----------------------
Duncan Vasey
----------------------
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END
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