Business
Equity Fundraise, Issue of Warrants & Joint Broker
Equity Fundraise, Issue of Warrants & Joint Broker.
About this update from Europa Metals Limited
[{"type":"text","content":"\n \nRNS Number : 5038U Europa Metals Ltd 29 March 2019 \n\nNot for distribution, in whole or in part, directly or indirectly, to United States or Australian newswire services or dissemination in, into or from the United States (including its territories and possessions, any State of the United States and the District of Columbia) or Australia or any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction\n \n29 March 2019\n \nEuropa Metals Ltd\n(\"Europa Metals\", the \"Company\" or the \"Group\") (AIM/AltX: EUZ)\nEquity Fundraising to raise £960,000, Issue of Warrants\nand Appointment of Joint Broker\n \nEuropa Metals, the European lead-zinc explorer, is pleased to announce that it has raised, in aggregate, £960,000 (before expenses), through a placing of, and subscription for, in aggregate, 6,400,000,000 new ordinary shares of no par value each in the capital of the Company (\"Ordinary Shares\") at an issue price of 0.015 pence per share (the \"Issue Price\") (the \"Fundraising\"). The Fundraising comprises a placing of 6,200,000,000 new Ordinary Shares via the Company's joint broker, Turner Pope Investments (TPI) Limited (\"Turner Pope\"), as agent of the Company, and including Brandon Hill Capital Limited (\"Brandon Hill\"), which has invested in a principal capacity, and a subscription for a further 200,000,000 new Ordinary Shares, both at the Issue Price, with certain existing and new investors.\nThe Fundraising is conditional on admission of the new Ordinary Shares to trading on AIM (\"Admission\") and, following Admission, the new Ordinary Shares will represent, in aggregate, approximately 53.4 per cent. of the Company's enlarged issued share capital.\nThe new Ordinary Shares will be fully paid and will rank pari passu in all respects with the Company's existing Ordinary Shares. The Issue Price represents a discount of approximately 23.1 per cent. to yesterday's closing mid-market price on AIM of 0.0195 pence per Ordinary Share.\nIn addition, one warrant exercisable for a period of 3 years from Admission at a subscription price of 0.025p per Ordinary Share will be issued to all participants in the Fundraising for every two new Ordinary Shares subscribed (the \"Fundraising Warrants\"). Accordingly, 3,200,000,000 Fundraising Warrants will be is...