Business
Result of Placing and TVR
Result of Placing and TVR.
About this update from Firering Strategic Minerals Plc
[{"type":"text","content":"\n\n \n \nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR NEW ZEALAND OR IN OR INTO ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A BREACH OF ANY APPLICABLE LAW OR REGULATION.\nTHIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT ITSELF CONSTITUTE A PROSPECTUS OR OFFERING MEMORANDUM OR AN OFFER FOR SALE OR SUBSCRIPTION IN RESPECT OF ANY SECURITIES IN THE COMPANY. THIS ANNOUNCEMENT 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 OF FIRERING STRATEGIC MINERALS PLC IN ANY JURISDICTION WHERE TO DO SO WOULD BREACH ANY APPLICABLE LAW OR REGULATION.\nTHE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n21 September 2023\nFirering Strategic Minerals Plc\n(\"Firering\", the \"Company\" or the \"Group\") (AIM:FRG)\n \nResult of Placing and TVR\n \nFirering, an exploration and development company focusing on strategic minerals, announces that, further to its announcement of 6.33 p.m. (London time) yesterday, it has successfully completed and closed the Placing (the \"Placing\").\n \nResult of the Placing\nA placing agreement was entered into by the Company and Optiva Securities Limited (\"Optiva\") on 20 September 2023. The oversubscribed Placing has raised, in aggregate, gross proceeds of £756,000 through the placing of 11,630,769 new Ordinary Shares to certain investors at a price of 6.5 pence per share. The Placing Price represents a discount of approximately 4.13 per cent. to the Closing Price of 6.78 pence per Ordinary Share on 19 September 2023, being the latest practicable business day prior to the publication of yesterday's announcement.\n \nIntended Subscriptions\nCertain directors of the Compan...