Business
Proposed Firm Placing and Open Offer and Notice...
Proposed Firm Placing and Open Offer and Notice....
About this update from Altyngold Plc
[{"type":"text","content":"\n \n \n Proposed Firm Placing and Open Offer and Notice of General Meeting\n \n \n \n \n\n \n Hambledon Mining PLC\n \n \n\n \n \n \n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT IS NOT FOR \n RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE \n OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, OR \n ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.\n \n \n THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS. THIS \n ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM PART OF, AND SHOULD NOT BE \n CONSTRUED AS, ANY OFFER FOR SALE OR SUBSCRIPTION OF, OR SOLICITATION OF \n ANY OFFER TO BUY OR SUBSCRIBE FOR, ANY SHARES IN HAMBLEDON OR SECURITIES \n IN ANY OTHER ENTITY, IN ANY JURISDICTION, INCLUDING THE UNITED STATES, \n NOR SHALL IT, OR ANY PART OF IT, OR THE FACT OF ITS DISTRIBUTION, FORM \n THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH, ANY CONTRACT OR \n INVESTMENT DECISION WHATSOEVER, IN ANY JURISDICTION. THIS ANNOUNCEMENT \n DOES NOT CONSTITUTE A RECOMMENDATION REGARDING ANY SECURITIES.\n \n \n ANY INVESTMENT DECISION MUST BE MADE EXCLUSIVELY ON THE BASIS OF THE \n CIRCULAR TO BE PUBLISHED BY THE COMPANY AND ANY SUPPLEMENT THERETO IN \n CONNECTION WITH ADMISSION.\n \n \n Hambledon Mining Plc (“Hambledon†or the “Companyâ€)\n \n \n Proposed Firm Placing and Open Offer\n \n \n and\n \n \n Notice of General Meeting\n \n \n Hambledon is pleased to announce that it is proposing to raise up to \n £9.09 million (£8.52 million net of expenses) through the issue of up to \n 227,329,873 New Ordinary Shares through a Firm Placing and Open Offer \n (together the “Fundraisingâ€) at an issue price of 4p per New \n Ordinary Share.\n \n \n Fundraising Highlights:\n \n \n \n Firm Placing proceeds of £6.6 million (net of expenses) to be used for \n surface infrastructure upgrades at the Sekisovskoye operations to \n secure dual long term electrical supply and an integrated waste \n management system which maintains the lowest operating cost base for \n the Company.\n\n \n \n Additional electrical infrastructure required to meet statutory \n safety regulations for underground operations and reduce \n operational downtime of the existing process plant\n \n \n An integrated plant waste management system and infrastructure \n underpins the target 850ktpa underground extraction\...