Settlement Updates

Corcel PLC

("Corcel" or the "Company")

Settlement Updates

03 July 2023

Corcel Plc (London AIM: CRCL), the pan Angolan / Brazilian Oil and Gas company, with interests across battery metals mining and oil and gas, announces an update to the settlement of its previously announced fundraisings. 

The Company confirms that, further to the fundraising announced on 28 March 2023, it has received £600,000 in cash to date, and it has now seen proof of funds having been sent for the final £455,515 tranche of this placing, and is now awaiting funds to be received in the UK, which is expected imminently.

The Company also confirms that, further to the fundraising announced on 24 May 2023, it has received £146,175 in cash to date, and it has now seen proof of funds having been sent for the £80,783 subscription currently due, and is now awaiting funds to be received in the UK, which is also expected imminently.

For further information, please contact:

James Parsons                                                                                    Corcel Plc CEO

Development@Corcelplc.com                                                                           

James Joyce / James Bavister /Andrew de Andrade                      WH Ireland Ltd NOMAD & Broker

0207 220 1666                                                                                        

Patrick d'Ancona                                                                               Vigo Communications IR

0207 3900 230                                                                                      

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 which is part of UK law by virtue of the European Union (withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.