Business
Conditional Placing & Subscription
Nativo Resources Plc announced a conditional placing and subscription to raise £400,000. The fundraising involves the issue of 88,888,889 new ordinary shares priced at 0.45 pence each. Investors will receive one warrant for every share subscribed, exercisable at 0.45 pence for 12 months. The proceeds will bolster working capital and advance mine planning at the Tesoro Gold Concession in Peru. Post admission, the company's total issued ordinary shares will be 450,819,617. Admission to trading on AIM is expected around October 8, 2025, contingent on shareholder resolution approval on September 26, 2025. Disclaimer*
About this update from Nativo Resources Plc
[{"type":"text","content":"\n\nThis announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended (\"MAR\"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n24 September 2025\n \nNativo Resources Plc\n \n(\"Nativo\" or the \"Company\")\n \nConditional Placing & Subscription to Raise £400,000\n \nNativo Resources Plc (LON:NTVO), a gold-focused mining company with interests in Peru, announces it has conditionally raised gross proceeds of £400,000 through a placing and subscription (the \"Fundraising\") arranged by Peterhouse Capital Limited of an aggregate 88,888,889 new ordinary shares of 0.15 pence each in the Company (the \"Fundraising Shares\") at a price of 0.45 pence per share.\n \nEach investor in the Fundraising will receive one warrant for every Fundraising Share subscribed, exercisable at 0.45 pence for 12 months from Admission (as defined below).\nThe proceeds from the Fundraising will be used to strengthen the Company's working capital position and progress mine planning activities at the Tesoro Gold Concession in Peru. \nThe Fundraising is conditional upon the passing of the resolution at the Company's General Meeting on 26 September 2025, which will allow the Company to issue sufficient shares on a non-pre-emptive basis, and the admission of the Fundraising Shares to trading on AIM (\"Admission\"). Subject to the passing of the resolution, it is anticipated that application will be made to the London Stock Exchange for Admission to become effective, and dealings to commence, at 8.00 a.m. on or around 8 October 2025. A further announcement will be made confirming Admission.\n \nFollowing Admission, the total number of Ordinary Shares in the capital of the Company in issue will be 450,819,617 with voting rights. This figure may be used by shareholders 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, the Company's share capital pursuant to (i) the Company's Articles, (ii) the Financial Conduct Authority's Disclosure Guidance and Transparency Rules and/...