Business
Result of Placing
Result of Placing.
About this update from Alien Metals Ltd
[{"type":"text","content":"\n \n \n \n RNS Number : 3799R\n Alien Metals Limited\n 04 November 2021\n \n \n \n \n \n \n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE \n UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR NEW ZEALAND\n OR IN OR INTO ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A BREACH OF ANY APPLICABLE LAW OR REGULATION.\n \n \n THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT ITSELF CONSTITUTE A PROSPECTUS OR OFFERING MEMORANDUM OR AN OFFER FOR SALE OR SUBSCRIPTION IN RESPECT OF ANY SECURITIES IN THE COMPANY. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES OF ALIEN METALS LTD IN ANY JURISDICTION WHERE TO DO SO WOULD BREACH ANY APPLICABLE LAW OR REGULATION.\n \n \n THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO\n .\n \n 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED\n . \n UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN\n .\n \n \n \n \n \n 4 November 2021\n \n \n Alien Metals Ltd\n \n \n (\"Alien Metals\", the \"Company\" or the \"Group\") (AIM: UFO, FWB: I3A1)\n \n \n \n \n \n Result of Placing\n \n \n Alien Metals Ltd (LSE AIM:UFO), a global minerals exploration and development company, \n announces \n that, further to its announcement of 7.00 a.m. (London time) today, it has successfully completed and closed the Placing.\n \n \n \n \n \n The Placing has raised, in aggregate, gross proceeds of £4 million through the placing of 470,588,223 Placing Shares to certain institutional and other investors at a price of 0.85 pence per share.\n \n \n \n \n \n The net proceeds of the Placing will be applied towards:\n \n \n \n \n \n · \n Phase 3 infill and extensional drilling on the Hancock Iron Ore Project\n \n \n · \n Permitting and infrastructure planning to move the Hancock project towards mining\n \n \n · \n Ong...