REG - Alba Mineral Resrcs. - Share Placing

Alba Mineral ResourcesAnnouncement

04/03/2025 07:00

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RNS Number : 1741Z  Alba Mineral Resources PLC  04 March 2025

Alba Mineral Resources Plc / EPIC: ALBA / Market: AIM / Sector: Mining

4 March 2025

Alba Mineral Resources plc

 

("Alba" or "the Company")

 

Share Placing

 

Alba Mineral Resources plc (AIM: ALBA) is pleased to announce that it has
raised £75,000 (before expenses) in a share placing to an institutional
investor, involving the issue of 600,000,000 new ordinary shares at a price
of 0.0125 pence per ordinary share (the "Issue Price") (the "Placing"),
conditional on the admission of such new ordinary shares to trading on AIM.

 

Admission to AIM

 

Application will be made for the new ordinary shares to be admitted to trading
on AIM ("Admission"). It is expected that Admission of the new ordinary shares
will become effective at 8.00 a.m. on or around 7 March 2025. The new ordinary
shares will be issued credited as fully paid and will rank in full for all
dividends and other distributions declared, made or paid after Admission and
will otherwise rank on Admission pari passu in all respects with the
existing ordinary shares.

 

Total Voting Rights

 

Following Admission, the total number of ordinary shares in issue will be
11,541,721,949. The Company does not hold any ordinary shares in treasury.
Therefore, the total number of ordinary shares with voting rights will be
11,541,721,949. 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
share capital of the Company under the Financial Conduct Authority's
Disclosure and Transparency Rules.

 

 

This announcement contains inside information for the purposes of the UK
Market Abuse Regulation and the Directors of the Company are responsible for
the release of this announcement.

 

**ENDS**

 

 For further information, please visit www.albamineralresources.com
(http://www.albamineralresources.com/)  or contact:

 Alba Mineral Resources plc                 +44 20 3950 0725

 George Frangeskides, Executive Chairman
 SPARK Advisory Partners Limited (Nomad)    +44 20 3368 3555

 Andrew Emmott
 CMC Markets plc (Broker)                   +44 (0) 20 3003 8632

 Thomas Smith / Douglas Crippen

 

 

 Alba's Projects & Investments
 Projects Operated by Alba                            Location   Ownership
 Clogau (gold)                                        Wales      100%
 Dolgellau Gold Exploration (gold)                    Wales      100%
 Gwynfynydd (gold)                                    Wales      100%
 Investments Held by Alba                             Location   Ownership
 GreenRoc Strategic Materials Plc (graphite - anode)  Greenland  28.14%
 Horse Hill (oil)                                     England    11.765%
 Earn-in Projects                                     Location   Earn-in Rights
   Finnsbo (rare earths, copper, gold)                Sweden     Up to 100%
 Optioned Projects                                    Location   Further details
   Norrby (gold, other metals)                        Sweden     RNS 6/11/24
   Glava (copper, gold)                               Sweden     RNS 6/11/24

 

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