16 May Proposed Placing to raise approximately £865,000
Restructuring of Existing Juno Facility
Anglesey Mining Plc (AIM:AYM) is pleased to announce its intention to raise gross proceeds of approximately £865,000 by means of a proposed placing (the “Placing”) of new ordinary shares of £0.01 (“Ordinary Shares”) each in the capital of the Company (the “Placing Shares”) to certain institutional and other investors, as well as a proposed subscription by certain directors of the Company (“Subscription”) for further new Ordinary Shares (“Subscription Shares”), each at a price of 3.4 pence per share (the “Issue Price”).
The Issue Price represents a discount of approximately 3.1 per cent to the Closing Price of 3.51 pence per Ordinary Share on 13 May 2022, being the latest practicable business day prior to the publication of this Announcement.
- Placing and Subscription to raise approximately £865,000 (before expenses) from certain existing shareholders and other institutional investors.
- Placing to be conducted via an accelerated bookbuild process launching today.
- Issue Price of 3.4 pence per share represents a discount of 3.1 per cent. to the closing mid-market price of the Company’s existing ordinary shares on 13 May 2022, being the latest practicable business day prior to the publication of this Announcement.
- The net proceeds of the Placing and Subscription will be applied to advancing the Parys Mountain Cu-Zn-Pb-Ag-Au project through additional technical studies, restructuring the Company’s working capital facility with Juno and for general working capital purposes.
Click here for the full announcement: Launch of Placing 16 May 22