Business
WRAP Retail Offer for up to £100,000
Richmond Hill Resources Plc is launching a WRAP Retail Offer to raise up to £100,000 through the issuance of new ordinary shares at 2.6 pence per share, with up to 3,846,153 shares available. This offer follows a placing that raised approximately £600,000 at the same price, which was a 6% premium to the previous day's closing price. The proceeds from both the placing and the retail offer will be used for the same purposes, and admission of the new shares to AIM is anticipated on February 11, 2026. Disclaimer*
About this update from Richmond Hill Resources Plc
[{"type":"text","content":"\n\n \n \n \n \n \n \n \n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, OR INTO OR WITHIN THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, SOUTH AFRICA OR JAPAN, OR ANY MEMBER STATE OF THE EEA, OR ANY OTHER JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR REGULATION. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.\n \n \n \n \n \n \n \n \n \n \n \n THIS ANNOUNCEMENT AMOUNTS TO A FINANCIAL PROMOTION FOR THE PURPOSES OF SECTION 21 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (\"FSMA\") AND HAS BEEN APPROVED BY WINTERFLOOD SECURITIES LIMITED WHICH IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY (FRN 141455). \n \n \n \n \n \n \n \n \n 28 January 2026\n \n \n \n \n \n \n Richmond Hill Resources Plc\n \n \n \n (\"\n \n Richmond Hill\n \n \" or the \"\n \n Company\n \n \")\n \n \n \n \n \n \n WRAP Retail Offer for up to £100,000\n \n \n \n \n \n \n Richmond Hill Resources (AIM:RHR) is pleased to announce a retail offer via the Winterflood Retail Access Platform (\"\n \n WRAP\n \n \") to raise up to £100,000 (the \"\n \n WRAP Retail Offer\n \n \") through the issue of new ordinary shares of 0. 1 pence each in the capital of the Company (\"\n \n Ordinary Shares\n \n \").\n \n Under the WRAP Retail Offer up to 3,846,153 new Ordinary Shares (the \"\n \n WRAP Retail Offer Shares\n \n \") will be made available at a price of 2.6 pence per share.\n \n \n \n \n \n In addition to the WRAP Retail Offer and as announced on 28 January 2026, the Company placed 23,077,000 new Ordinary Shares (the \"\n \n Placing Shares\n \n \") to raise approximately £600,000 (before expenses) (the \"\n \n Placing\n \n \") at a price of 2.6 pence per Placing Share (the \"\n \n Placing Price\n \n \"). The Placing Price represents a premium of approximately 6 per cent. to the mid-market closing price of an Ordinary Share on 27 January 2026 (being the latest practicable date prior to this announcement). The issue price of the WRAP Retail Offer Shares is equal to the Placing Price.\n \n \n \n \n \n A separate announcement has been made regarding the Placing and its terms and sets out the reasons for the Placing and use of proceeds.\n \n The proceeds of t...