Business
Proposed Placing and Extension of Loan Facility
Proposed Placing and Extension of Loan Facility.
About this update from Gcm Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 6596T\n GCM Resources PLC\n 26 March 2021\n \n \n \n \n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, JAPAN, SOUTH AFRICA OR IN OR INTO ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR REGULATION.\n \n \n THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND 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 IN GCM RESOURCES PLC OR ANY OTHER ENTITY IN ANY SUCH JURISDICTION.\n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION (EU NO. 596/2014) AS IT FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"UK MAR\").\n \n \n GCM Resources plc\n \n \n (\"GCM\" or the \"Company\")\n \n \n \n Proposed Placing\n \n \n Extension of Loan Facility\n \n \n GCM Resources plc (LON: GCM), an AIM quoted mining and energy company, is pleased to announce its intention to conduct a placing (the \"Placing\") of new ordinary shares of 1 pence each in the capital of the Company (the \"Ordinary Shares\") (the \"Placing Shares\") to both existing and new institutional and professional investors in the Company in order to raise approximately £1 million at a price of 7.5 pence per share (the \"Issue Price\"). The net proceeds of the Placing are for general working capital purposes. \n \n \n The Placing will be conducted in accordance with the terms and conditions set out in the Appendix to this announcement (which forms part of this announcement, such announcement and the Appendix together being this \"Announcement\") through an accelerated bookbuild process (the \"Bookbuild\") which will be launched immediately following release of this Announcement by WH Ireland Limited (\"WH Ireland\" or \"WHI\").\n \n \n The Placing Shares, when issued, will be credited as fully paid and will rank pari passu in all respects with each other and with the existing Ordinary Shares, including, without limitation, the right to receive all dividends and other distributions declared, made or paid after the ...