Business
Fundraise of £300,000
Fundraise of £300,000.
About this update from Harvest Minerals Limited
[{"type":"text","content":"\n\n \n23 June 2025\nHarvest Minerals Limited\n(\"Harvest\" or the \"Company\")\n \nFundraise of £300,000\n \nHarvest Minerals Limited, the AIM listed organic fertilizer producer, is pleased to announce that it has raised gross proceeds of £300,000 through placing (\"Placing\") 100,000,000 new ordinary shares (\"Placing Shares\") of no par value at a placing price of 0.3p (\"Placing Price\"). The Company will issue one warrant per two Placing Shares, exercisable at 0.6p for a period of 2 years from Admission.\n \nThe Placing was undertaken by the Company's broker, Tavira Financial Limited (\"Tavira\").\n \nUse of Proceeds\nThe net funds raised from the Placing will be used to advance the rare earths exploration at Arapuá and general working capital.\n \nBrian McMaster, Chairman of the Company, commented:\n \n\"The positive results recently reported from Arapuá have given the Company confidence to sole fund and accelerate the next drilling phase of rare earths exploration. In addition, the Company has seen notable TiO2 intersections. These additional funds will now enable the Company to expand and incorporate further studies on the TiO2 potential of Arapuá.\"\n \nApplication to trading on AIM\n \nThe Placing is conditional on Admission. Application will be made to the London Stock Exchange for the 100,000,000 new Ordinary Shares to be admitted to trading on AIM. It is expected that Admission will become effective and that dealings in the new Ordinary Shares will commence at 8.00 a.m. on 26 June 2025 (\"Admission\").\n \nTotal Voting Rights\n \nFollowing the Placing, the total issued share capital of the Company will consist 389,169,217 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in treasury and accordingly there are no voting rights in respect of any treasury shares. \n \nOn Admission, the abovementioned figure of 389,169,217 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Harvest under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.\n \nEnquiries:\n\n\n\n\nHarvest Minerals Limited\n \n\n\nBrian McMaster (Chairm...