Business
Proposed Placing and Subscription
Proposed Placing and Subscription.
About this update from Mycelx Technologies Corp.
[{"type":"text","content":"\n\n23 August 2024\n\nTHIS ANNOUNCEMENT, AND THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE, DISTRIBUTION OR FORWARDING, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, TO ANY US PERSONS OR IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL.\nFURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER OF SECURITIES IN ANY JURISDICTION. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.\nThe information contained within this Announcement is deemed by MYCELX Technologies Corporation to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (\"MAR\").\nMYCELX Technologies Corporation\n(\"MYCELX\" or the \"Company\") (AIM:MYX)\nProposed Placing and Subscription\n\nBroker Option\n\nAccelerating the commercialisation of MYCELX'S PFAS Remediation System\n\nMYCELX, the clean water and clean air technology company established to transform the environmental impact of industry, is pleased to announce a proposed placing and subscription of c.$0.9 million (c.£0.7 million*) (before expenses) through the issue of an aggregate of 1,332,248 new common shares of $0.025 each (\"New Common Shares\") to new and existing investors at a price of 51.5 pence per New Common Share (the \"Issue Price\"). The New Common Shares will rank pari passu in all respects with the existing issued common shares of $0.025 in issue (\"Existing Common Shares\").\nThe Company expects to issue 985,957 New Common Shares pursuant to a placing agreement entered into by the Company with Canaccord Genuity Ltd (\"Canaccord Genuity\") (the \"Placing Agreement\"), such shares to be issued to investors in the United Kingdom at the Issue Price (the \"Placing\"). Subscribers also intend to enter into conditional subscription agreements (the \"Subscription Agreements\") with the Company to subscribe for an aggregate of 346,292 New Common Shares at the Issue Price (the \"Subscription\" and, together with the Placing, the \"Fundraising\").\n\nThe Company has also granted a broker option (the \"Broker Option\") under which up to a fur...