Business
Results of strategic Subscription & Placing
Results of strategic Subscription & Placing.
About this update from Andrada Mining Limited
[{"type":"text","content":"\n\n27 June 2025\n \nTHIS ANNOUNCEMENT (INCLUDING THE APPENDICES) AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.\nTHIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF ANDRADA MINING LIMITED.\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.\nAndrada Mining Limited\n(\"Andrada\" or the \"Company\")\nResults of strategic Subscription & Placing\nAndrada Mining Limited (AIM: ATM, OTCQB: ATMTF), a critical minerals producer with mining and exploration assets in Namibia, is pleased to announce that further to its announcement of 26 June 2025 (the \"Launch Announcement\") it has successfully closed the Subscription and the Placing.\nThe Company has raised £4.5 million (before expenses) at a price of 3.00 pence per share (the \"Issue Price\") through an equity subscription of 150 000 000 Ordinary Shares (the \"Subscription\") by Talent10 Resources Proprietary Limited (\"Talent10\"), the new strategic investor. Talent10, has reached a shareholding of 8.16% of issued share capital of the Company as enlarged by the Subscription and the Placing (the \"Enlarged Share Capital\").\nAn additional total of 16 666 666 Placing Shares have been placed at the Issue Price with institutional and professional investors. The Placing has raised a total of £0.5 million (before expenses) for the Company. H&P acted as the Sole Bookrunner in connection with the Placing.\nThe Subscription and Placing has raised gross proceeds of £5 million (c USD 6.9 million) through the issuance of 166 666 666 new ordinary shares (the \"Ne...