REG - Gem Resources PLC - Subscription, Accelerated Rule 9 Waiver

About this update from Hanfort Development Holdings Limited

RNS Number : 9045X Gem Resources PLC 04 September 2025 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT. THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN. Gem Resources Plc("GEMR" or the "Company")Subscription, Convertible Loan Note, Accelerated Rule 9 Waiver, Strategic Update and Board ChangesThe Company LSE:GEMR is pleased to announce that it has raised £2.117m (the "Fundraise") before expenses comprising a subscription of £617,320 from Mr Louis Ching (the "Subscription") and the issuance of unsecured convertible loan notes in the principal amount of £1.5 million ("Convertible Loan Notes").Highlights· Strategic partnership with Hong Kong entrepreneur Louis Ching, who has joined the Board as Executive Chairman and largest shareholder.· £617,320 Subscription completed at mid-market closing price on 2nd September 2025· Additional £1.5 million Convertible Loan Note at a 50% premium to the Subscription Price, providing significant growth capital on favourable terms.· Approximately £230,000 of unpaid Board and management fees to be converted at a 50% premium to the Subscription Price· Funding supports production optimisation and cost reduction at Gravelotte and restart activities at Curlew.· Proposed treasury policy update to allow surplus funds to be invested in select cryptocurrencies (including Bitcoin and Ethereum) for diversification.Transaction Summary· Subscription: Mr Louis Ching, has subscribed for 308,658,088 new ordinary shares of nominal value £0.0001 each ("Ordinary Shares") in the capital of the Company at a subscription price of £0.002 per share (0.20 pence) (the "Subscription Price"), raising gross proceeds of approximately £617,320. Mr Ching has also been transferred one Ordinary Share by a shareholder of the Company. This results in Mr Ching holding over 50% of the enlarged issued share capital of the Company.· Convertible Loan...

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