Business
Result of Oversubscribed Retail Offer
Result of Oversubscribed Retail Offer.
About this update from Alba Mineral Resources Plc
[{"type":"text","content":"\n\n \n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR REGULATION. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION (EU) 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE UNITED KINGDOM BY VIRTUE OF THE EU (WITHDRAWAL) ACT 2018.\n \n \n Alba Mineral Resources Plc / EPIC: ALBA / Market: AIM / Sector: Mining\n22 July 2024\nAlba Mineral Resources Plc\n(\"Alba\" or the \"Company\") \n \nResult of Oversubscribed Retail Offer\n \nAlba Mineral Resources plc (AIM: ALBA) is pleased to announce, further to its earlier announcement of 18 July 2024, that it has conditionally raised approximately £192,522 (before expenses) via the conditional issue of 550,063,457 new ordinary shares of 0.01 pence each in the capital of the Company (the \"Retail Offer Shares\") at a price of 0.035 pence per share (the \"Issue Price\") pursuant to its offer to its existing retail shareholders via CMC CapX (the \"Retail Offer\"). The Retail Offer has been significantly oversubscribed in relation to its original target raise of £100,000 and the Company has decided to accommodate that excess demand from its shareholders. The Company wishes to thank shareholders for their continued support.\n \nThe Retail Offer is conditional on the Retail Offer Shares being admitted to trading on the AIM market operated by London Stock Exchange plc (\"Admission\"). Admission is expected to take place at 8.00 a.m. on or around 26 July 2024. Completion of the Retail Offer is conditional, inter alia, upon the completion of the share placing separately announced on 18 July 2024. \n \nThis announcement should be read in its entirety. In particular, the information in the \"Important Notices\" section of the announcement should be read and understood.\n \nImportant Notices\n \nThe contents of this announcement have been prepared by and issued by the Company and is the sole responsibility of the Company. The Board of Directors of the Company are responsible for ...