Business
US$3.1 million Subscription
Asiamet Resources Limited has successfully raised approximately US$3.1 million through a direct subscription, with its majority shareholder PT Buma International Tbk subscribing for US$1.37 million, and directors, management, and other investors contributing the remaining US$1.73 million. These funds will be used for general working capital, including maintaining projects, progressing the sale of the KSK project, and evaluating the Beutong Project. The subscription involves the issuance of 149,387,512 new common shares at 1.55 pence per share, with admission to AIM expected around December 30, 2025, at which point the company's issued share capital will be 3,393,816,362 common shares. Disclaimer*
About this update from Asiamet Resources Limited
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO, THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA), CANADA, AUSTRALIA, JAPAN, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT (THE "ANNOUNCEMENT") IS DEEMED BY THE GROUP TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014, AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON PUBLICATION OF THIS ANNOUNCEMENT, THIS INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN. 17 December 2025 Asiamet Resources Limited US$3.1 million Subscription Asiamet Resources Limited ("Asiamet" or the "Company") is pleased to announce it has raised a total of approximately US$3.1 million (approximately £2.3 million), via a direct subscription by the Company's majority shareholder PT Buma International Tbk. ("BUMA"), certain members of the Board and Management team and several other investors (together, the "Subscription"). Pursuant to the Subscription, a total of 149,387,512 new common shares of US$0.01 each ("Common Shares") will be issued at a price of 1.55 pence (approximately US$0.02) per share (the "Issue Price"). Highlights of the Subscription: · Strategic shareholder BUMA, subscribing for approximately US$1.37 million, maintaining its equity interest of 44.15% in the Company · Certain Asiamet Directors and Management subscribing for approximately US$0.24 million; and · Other investors subscribing for approximately US$1.49 million. Net proceeds of the Subscription will be utilised for general working capital purposes, including to: · Maintain the Company's projects in good standing with all Government of Indonesia regulatory requirements; · Progress the satisfaction of the Conditions Precedent under the proposed sale of our interest in the KSK project via the sale of Indokal Limited; and · Continue the evaluation of the most value-accretive path forward for the B...
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