REG - Firering Strategic - Result of General Meeting

Firering Strategic MineralsAnnouncement

19/06/2024 12:00

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RNS Number : 0857T  Firering Strategic Minerals PLC  19 June 2024

19 June 2024

Firering Strategic Minerals Plc

("Firering", the "Company" or the "Group")

 

Result of General Meeting

 

Firering Strategic Minerals Plc (AIM:FRG), an exploration and development
company focusing on strategic minerals, announces that, at the General
Meeting held earlier today, the Resolution to permit allotment of shares in
relation to the Fundraising announced on 28 May 2024 (RNS titled "Placing and
Subscription") was passed.

 

Allotment of Shares

 

On 29 May 2024 it was announced (RNS titled "Result of Placing, Subscription
and WRAP Retail Offer") that the Company resolved to issue a total of
73,761,586 Ordinary Shares under the Placing, Subscription and WRAP Retail
Offer at an issue price of 2.9 pence per Ordinary Share to raise £2.139
million. This follows an announcement on 28 May 2024 (RNS titled "Placing and
Subscription") confirming that certain directors of the Company, together with
their related parties ("Subscribing Directors"), intended to subscribe for
Ordinary Shares at the Issue Price for a minimum of £0.18 million
("Directors' Subscription") once the Company has published its audited
accounts for year ending 31 December 2023, and is out of its current "closed"
period, .

 

The Company has today allotted a total of 72,037,449 Ordinary Shares (raising
£2.089 million) in relation to the Placing, Subscription and WRAP Retail
Offer.

 

The Subscribing Directors have confirmed an intention to now subscribe for a
minimum of £0.23 million, such that the amount to be raised, in aggregate,
under the Placing, Subscription, WRAP Retail Offer and Directors Subscription
will raise £2.319 million, being the aggregate fundraising previously
anticipated in the 29 May 2024 notification.

 

Admission and Total Voting Rights

 

It is expected that admission of the 72,037,449 Ordinary Shares to trading on
AIM will commence at 8.00 a.m. on 20 June 2024.

Following Admission, the total number of Ordinary Shares in the capital of the
Company in issue will be 173,874,148 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's issued share capital pursuant to the
Company's Articles.

Capitalised terms used but not otherwise defined in this announcement shall
have the meanings ascribed to such terms in the Company's announcement made at
12.00 noon on 29 May 2024, unless the context requires otherwise.

 

For further information on the Company, please visit www.fireringplc.com
(http://www.fireringplc.com)  or contact:

 

 Firering Strategic Minerals                          Tel: +44 20 7236 1177

 Yuval Cohen

 SPARK Advisory Partners Limited (Nominated Adviser)  T: +44 20 3368 3550

 Neil Baldwin / James Keeshan / Adam Dawes
 Optiva Securities Limited (Joint Broker)             T: +44 20 3137 1903

 Christian Dennis / Daniel Ingram
 Shard Capital Partners LLP (Joint Broker)            T: 020 7186 9950

 Damon Heath / Erik Woolgar
 St Brides Partners Limited (Financial PR)            E: firering (mailto:firering) @stbridespartners.co.uk

                                                    (mailto:firering@stbridespartners.co.uk)
 Isabel de Salis / Susie Geliher / Isabelle Morris

 

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