Business
Placing to raise £2.0 million
Placing to raise £2.0 million.
About this update from Ironveld Plc
[{"type":"text","content":"\n \n \n NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW. THIS ANNOUNCEMENT IS NOT AN OFFER TO SELL OR A SOLICITATION TO BUY SECURITIES IN ANY JURISDICTION, INCLUDING THE UNITED STATES, CANADA, AUSTRALIA, JAPAN AND THE REPUBLIC OF SOUTH AFRICA. NEITHER THIS ANNOUNCEMENT NOR ANYTHING CONTAINED HEREIN SHALL FORM THE BASIS OF, OR BE RELIED UPON IN CONNECTION WITH, ANY OFFER OR COMMITMENT WHATSOEVER IN ANY JURISDICTION.\n \n \n \n \n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU. IN ADDITION, MARKET SOUNDINGS WERE TAKEN IN RESPECT OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.\n \n \n \n \n \n \n \n \n Ironveld plc\n \n \n \n \n Placing to raise £2.0 million\n \n \n \n \n Notice of General Meeting\n \n \n \n Ironveld plc (\"Ironveld\" or the \"Company\"), the AIM quoted mining development company, is pleased to announce a proposed fundraising of £2.0 million (the \"Fundraising\").\n \n \n The Fundraising will comprise a placing of, in aggregate, 666,666,666 new ordinary shares of 0.1 pence each in the Company (\"Ordinary Shares\" and such 666,666,666 new Ordinary Shares being the \"Placing Shares\"), at a price of 0.30p per Placing Share (\"Placing Price\"), to raise £2.0 million before expenses (together, the \"Placing\").\n \n \n 280,000,000\n of the Placing Shares (the \"First Placing Shares\") will be issued out of authorities granted to the Directors at the Company's last annual general meeting (the \"Firm Placing\") and the remaining\n 386,666,666\n Placing Shares (the \"Second Placing Shares\") will be issued subject to the requisite authorities being granted to the Directors at a General Meeting of the Company's shareholders to be convened in due course (the \"Conditional Placing\").\n \n \n \n \n \n \n Highlights\n \n \n \n ·\n The Company ...