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Beowulf announces outcome of Capital Raise
Beowulf announces outcome of Capital Raise.
About this update from Beowulf Mining Plc
[{"type":"text","content":"\n\n\n \nNOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR PUBLICATION, RELEASE OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND,THE REPUBLIC OF SOUTH AFRICA, SINGAPORE, SWITZERLAND OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF SUCH JURISDICTIONS.\n \nTHIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND 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 IN BEOWULF MINING PLC OR ANY OTHER ENTITY IN ANY JURISDICTION. NEITHER THIS ANNOUNCEMENT NOR THE FACT OF ITS DISTRIBUTION, SHALL FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH ANY INVESTMENT DECISION IN RESPECT OF BEOWULF MINING PLC.\n \nThe information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (\"MAR\") (EU) No. 596/2014, as incorporated into UK law by the European Union (Withdrawal) Act 2018 (as amended). Upon the publication of this announcement, through the agency of the contact person of the Company set out below, this inside information is now considered to be in the public domain.\n \n \n8 May 2025\n \n \nBeowulf Mining plc\n \n(\"Beowulf\" or the \"Company\")\n \n \nBeowulf announces outcome of Capital Raise\n \nBeowulf (AIM: BEM; Spotlight: BEO), the European mineral exploration and development company, hereby announces the outcome of the Company's conditional placing and subscription of new ordinary shares of 5 pence each in the capital of the Company (\"New Ordinary Shares\") (the \"Placing\"), rights issue of Swedish Depository Receipts (\"SDRs\") (the \"Rights Issue\") and retail offer in the UK via the Winterflood Retail Access Platform (the \"WRAP Retail Offer\" and together with the Placing, the \"UK Issue\", and together with the Rights Issue, the \"Capital Raise\"), which ended on 5 May 2025.\n \nThe conditional Placing raised a total of £1.0 million (approximately SEK 12.8 million). A total of 8,980,877 New Ordinary Shares will be issued through the Placing.\n \nThe Rig...