Business
Subscription & Placing to raise £295,750
Subscription & Placing to raise £295,750.
About this update from Hamak Strategy Limited
[{"type":"text","content":"\n \n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN OR INTO AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE UNITED STATES, ANY TERRITORY OR POSSESSION THEREOF OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.\n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC LAW IN THE UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND (\"UK\") PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) (\"UK MAR\"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN UK MAR) WERE TAKEN IN RESPECT OF CERTAIN OF THE MATTERS CONTAINED WITHIN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF INSIDE INFORMATION (AS DEFINED UNDER UK MAR).\n \n \n \n \n UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THOSE PERSONS THAT RECEIVED INSIDE INFORMATION (AS DEFINED IN UK MAR) IN A MARKET SOUNDING ARE NO LONGER IN POSSESSION OF SUCH INSIDE INFORMATION, WHICH IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n \n \n 22 December 2022\n \n \n \n \n \n \n Hamak Gold Limited\n \n (\"Hamak Gold\" or the \"Company\")\n \n \n \n Subscription and Placing for new shares to raise £295,750\n \n \n \n \n Issue of shares in lieu of drilling contract fees\n \n \n \n \n Total Voting Rights\n \n \n \n \n Subscription for new Shares\n \n \n \n Hamak Gold Limited (LSE: HAMA) is pleased to announce that it has raised gross proceeds of £295,750 (before expenses), from Directors, existing shareholders and new investors (the \"Subscription\") for 3,380,000 new ordinary shares of no par value (\"Ordinary Shares\") at a price of 8.75 pence each (the \"Subscription Price\") (the \"Subscription Shares\"), which is a discount of 5.4% to the closing price of 9.25 pence per Ordinary Share traded on the main market for listed securities (the \"Main Market\") of London Stock Exchange plc (the \"LSE\") on 20 December 2022. The Company has utilised existing shareholder authorities for the subscription.\n \n \n The Subsciption is conditional only on admission of the Subscription Shares to listing on standard segment of the Official List (\"Standard Listing\") of the Financial Conduct Authority (the \"FCA\") a...