Business
Result of WRAP Retail Offer
Result of WRAP Retail Offer.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR WITHIN THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, SOUTH AFRICA OR JAPAN, OR ANY MEMBER STATE OF THE EEA, 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 ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 WHICH FORMS PART OF THE LAWS OF ENGLAND AND WALES PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"UK MAR\"). UPON PUBLICATION OF THIS ANNOUNCEMENT THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE WITHIN THE PUBLIC DOMAIN.\n \n31 March 2025\n \nAriana Resources plc\n \n(\"Ariana\" or the \"Company\")\n \nResult of WRAP Retail Offer\n \nAriana Resources plc, (AIM: AAU) the AIM-listed mineral exploration and development company with gold project interests in Africa and Europe, is pleased to confirm, further to the announcements made on 26 March 2025, the result of its Fundraise at the Issue Price of 1.5 pence per share. The Company announces that it has raised aggregate gross proceeds of approximately £34,530 pursuant to the WRAP Retail Offer, alongside the previously announced Placing and Subscription. Accordingly, the Company will issue a total of 2,302,019 new Ordinary Shares at the Issue Price pursuant to the WRAP Retail Offer.\n \nIn total, the Placing and Subscription and the WRAP Retail Offer have raised gross proceeds of approximately £1.25 million for the Company, via the Placing and Subscription of 78,586,961 Placing and Subscription Shares and the 2,302,019 WRAP Retail Offer Shares.\n \nAdmission and Total Voting Rights\nApplications have been made for the Placing and Subscription Shares and the WRAP Retail Offer Shares totalling 80,888,980 new Ordinary Shares to be admitted to trading on AIM (\"Admission\"). Admission is expected to become effective on or around 7 April 2025.\n \nUpon Admission, the Company's issued ordinary share capital will consist of 1,943,950,308 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, from Admission the total number of Ord...