Business
First Day of Dealings & Readmission
First Day of Dealings & Readmission.
About this update from Critical Metals Plc
[{"type":"text","content":"\n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, CANADA, JAPAN,\n \n SOUTH AFRICA OR AUSTRALIA OR ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION WOULD BE UNLAWFUL.\n \n \n \n The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.\n \n \n \n \n \n \n \n \n \n Critical Metals plc / EPIC: CRTM / Market: Main Market\n \n \n \n \n \n \n \n 12 September 2022\n \n \n \n \n \n \n Critical Metals plc\n \n \n \n (\"Critical Metals\" or the \"Company\")\n \n \n \n \n \n \n \n \n Admission to the Official List & First Day of Dealings\n \n \n \n \n \n \n Critical Metals plc, a company established to acquire mining opportunities in the critical and strategic metals sector,\n is pleased to announce the readmission of its ordinary shares of £0.005 (\"Ordinary Shares\") to trading on the Standard Segment of the Official List and to trading on the Main Market of the London Stock Exchange (together \"Admission\") following the completion of the acquisition of a 57 per cent. interest\n in\n Madini Occidental Limited (\"Madini Occidental\"), which holds an indirect 70 per cent. interest in the Molulu copper/cobalt project (the \"Molulu Project\") located within Small Scale Mining License (\"SMEP\") 14784 (the \"Mining Licence\") in the Democratic Republic of Congo (\"DRC\") (the \"Acquisition\"). The Acquisition constituted a reverse takeover under the FCA's Listing Rules.\n \n \n \n \n \n In conjunction with the Acquisition, the Company has successfully raised £1,800,000 through a Placing of 9,000,000 new Ordinary Shares at 20 pence per share (the \"Placing\").\n \n \n \n \n \n On Admission, the Company will have 52,659,735 Ordinary Shares in issue and the market capitalisation of the Company will be approximately £10,531,947, based on the price of the Placing.\n \n \n \n \n \n Admission of the Company's Ordinary Shares to trading will take place and dealings will recommence at 8:00 a.m. today under the ticker 'CRTM' and ISIN GB00BJVR6M63.\n \n \n \n \n \n \n \n \n \n Overview of the Molulu Project\n \n \n \n \n \n \n \n \n ·\n Acquired a controlling st...