Business
PrimaryBid Offer
PrimaryBid Offer.
About this update from Ferro-alloy Resources Ltd.
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.\n \n \n \n \n THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF\n \n \n FERRO-ALLOY RESOURCES LIMITED.\n \n \n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.\n \n \n \n \n THIS ANNOUNCEMENT AMOUNTS TO A FINANCIAL PROMOTION FOR THE PURPOSES OF SECTION 21 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (\"FSMA\") AND HAS BEEN APPROVED BY PRIMARYBID LIMITED WHICH IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY (FRN 779021).\n \n \n \n 15 September 2022\n \n \n \n \n \n \n Ferro-Alloy Resources Limited\n \n \n \n (the \"\n \n Company\n \n \"\n )\n \n \n PrimaryBid Offer\n \n \n \n \n \n Ferro-Alloy Resources Limited\n (\n \n LSE\n \n :\n \n FAR\n \n ), the listed\n vanadium mining and processing company with operations based in Southern Kazakhstan,\n is pleased to announce a conditional offer for subscription via PrimaryBid (the \"PrimaryBidOffer\")for up to, in aggregate, $500,000 comprising up to 3,601,267 new Ordinary Shares of\n no par value\n in the Company (\"Retail Shares\") at an issue price of\n 12\n pence per Retail Share (the \"Issue Price\"), being a discount of\n 18\n per cent to the closing mid-price on 14 September 2022. The Company is also conducting a placing of new Ordinary Shares (the \"Placing Shares\") at the Issue Price by way of an accelerated bookbuild process\n (the \"Placing\") and direct subscriptions (the \"Subscription\"), together with Placing and PrimaryBid Offer, the (\"Fundraising\") as was announced earlier today.\n \n \n Overview\n \n \n ·\n The Issue Price for the Retail Shares is\n 12\n p per Retail Share, representing a discount of\n 18\n per cent to the closing mid-price on 14 September 2022;\n \n \n ·\n The Retail Shares will be issued at the same price as the Placing Shares;\n \n \n ·\n Investors can access the PrimaryBid Offer by visiting\n www.primarybid.com\n and downloading ...