Fundraising Completion

Source: RNS
RNS Number : 8389T
Corcel PLC
27 July 2022
 


 

Corcel PLC

("Corcel" or the "Company")

 

Fundraising Completion

 

27 July 2022

 

Corcel, the natural resource exploration and development company with interests in battery metals and flexible energy generation and storage announces the completion of the fundraising originally announced on 22 July 2022.  The fundraising has closed at a total value of £357,320 including the broker option subscriptions, and will result in the issuance of a further 5,330,000 new ordinary shares at a price of £0.004 and 5,330,000 additional warrants to buy new ordinary shares at a price of £0.005 pending the conclusion of a general meeting.    

The Company now intends to issue Novum Securities Ltd 4,466,500 Broker Warrants ("Broker Warrants") to subscribe for 4,466,500 new ordinary shares.  The Broker Warrants are exercisable at a price of £0.004 and are subject to an accelerator clause and are subject to approval at the forthcoming general meeting.

A further announcement regarding the details of the general meeting will be made in due course. 

For further information, please contact:

 

Scott Kaintz 020 7747 9960                                                                               Corcel Plc CEO 

James Joyce / Andrew de Andrade 0207 220 1666                                WH Ireland Ltd NOMAD & Broker

Simon Woods 0207 3900 230                                                                            Vigo Communications IR 

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION (EU NO. 596/2014) AS IT FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR").

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