Business
Result of fundraising
Result of fundraising.
About this update from Zinnwald Lithium Plc
[{"type":"text","content":"\n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO\n \n THE UNITED STATES,\n \n AUSTRALIA,\n \n CANADA,\n \n JAPAN, THE\n \n REPUBLIC OF SOUTH AFRICA,\n \n SINGAPORE\n \n OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT HAS NOT BEEN APPROVED BY THE\n \n LONDON\n \n STOCK EXCHANGE, NOR IS IT INTENDED THAT IT WILL BE SO APPROVED. \n \n \n \n \n \n THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.\n \n \n \n \n \n PRIOR TO PUBLICATION, THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT WAS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE UK MARKET ABUSE REGULATION. WITH THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n \n \n \n \n Zinnwald Lithium plc / EPIC: ZNWD.L / Market: AIM / Sector: Mining\n \n \n 23 March 2023\n \n \n Zinnwald Lithium plc (\"Zinnwald Lithium\" or the \"Company\")\n \n \n Results of Fundraise\n \n \n \n \n Zinnwald Lithium plc, the German focused lithium development company, is pleased to announce it has completed a total fundraise of £18.75m at the Placing Price of 10.41p per share pursuant to the Fundraising announced on 22 March 2023. The Company will apply for 180,129,160 New Ordinary Shares to be admitted to trading on AIM (\"Admission\") and Admission is expected to occur on or around 29 March 2023. This will increase the Company's issued share capital to 473,524,624 (the \"enlarged share capital\").\n \n AMG have subscribed for 118,996,738 New Ordinary Shares to give them a 25.13% shareholding based on the enlarged share capital[1]. Henry Maxey has subscribed for 26,337,585 New Ordinary Shares to maintain his pre-existing 14.62% shareholding based on the enlarged share capital. Mark Tindall has subscribed for 8,000,000 New Ordinary Shares to increase his shareholding to 4.17% based on the enlarged share capital. \n \n \n \n \n A further total of 24.5 million Placing Shares have been placed at the Placing Price with institutional and professional investors by Oberon Capital and Tamesis Partners, at the Placing Price. \n \n \n &...