Business
Subscription to raise £3.07m to support strategy
Amigo Resources PLC has successfully raised £3.07 million through a subscription of 139,710,676 new ordinary shares at 2.2 pence per share, representing a 20% discount to the previous closing price but a significant 633.33% premium to its convertible loan note conversion price. These proceeds will be used for general working capital and to support a potential initial reverse transaction, likely within the mining sector, as the company continues to seek such opportunities. The new shares will be admitted to the London Stock Exchange on or around June 8, 2026, increasing the total voting rights to 1,329,798,836. Disclaimer*
About this update from Amigo Resources Plc
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR IMMEDIATE RELEASE 1 June 2026 Amigo Resources PLC ("Amigo" or the "Company") Subscription to raise £3.07 million to support strategy Amigo Resources PLC (LSE: AMGO) is pleased to announce that it has entered into subscription agreements with existing and new investors to raise total gross proceeds of £3,073,634.87 (the "Subscription"). The Subscription comprises the issue of 139,710, 676 new ordinary shares of 0.25p each in the Company (the "Subscription Shares") at a price of 2.2 pence per Subscription Share (the "Issue Price"). 1. Core Terms, Pricing and Strategic Premium The Issue Price represents a discount of 20 per cent. to the closing mid-market price of 2.75 pence on 29 May 2026. Significantly, the Issue Price represents a 633.33 per cent. premium to the 0.3p per share conversion price at which the Company's £1.5 million mandatory convertible loan notes ("Loan Notes") were conditionally issued in November 2025 and subsequently approved by shareholders at the General Meeting held on 19 December 2025. The Board believes that the pricing of the Subscription is in the best interests of the Company and its shareholders as a whole. However, Amigo's shareholders have not specifically approved the terms of the offer or placing at that discount. Securing immediate capital certainty from committed partners allows the Company to maintain its robust traject...
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