Alien Metals Limited Brokered placing and appointment of Joint Broker

 
TIDMUFO 
 
ALIEN METALS 
 
                                                                Trading Symbols 
 
                                                                       AIM: UFO 
 
                                                                      FWB: I3A1 
 
28 June 2019 
 
                               Alien Metals Ltd 
                          ("Alien" or "the Company") 
 
               Brokered placing and appointment of Joint Broker 
 
Alien Metals Ltd, the AIM quoted exploration and development company, is 
pleased to announce that it has raised GBP350,000, before expenses, through the 
placing of 233,333,333 Common shares of no par value ("New Common Shares") at a 
price of 0.15 pence each ("the Placing") through SVS Securities plc ("SVS"). 
The proceeds of the Placing will be used for further exploration work at the 
Company's wholly owned Donovan 2, Los Campos and San Celso projects and for 
general working capital purposes. 
 
The placing was at a 7.14% premium to the closing price of 0.14 pence per share 
on 27 June 2019. 
 
Peter Taylor, CEO of Alien, commented: "This modest round of strategic funding 
comes at a premium, underwrites ongoing exploration of the asset portfolio and 
opens new opportunities to consider complementary projects. I am pleased to 
welcome and secure the brokerage and research capabilities of SVS alongside 
those of First Equity." 
 
The Placing is conditional only on the New Common Shares being admitted to 
trading on AIM ("Admission"). Application will be made to the London Stock 
Exchange for the 233,333,333 New Common Shares to be admitted to trading on 
AIM. Admission of the New Common Shares is expected to become effective at 8:00 
am on or around 4 July 2019. 
 
Following Admission, the Company will have 1,351,723,274 Common shares of no 
par value in issue. The Company has no shares in treasury, therefore the figure 
of 1,351,723,274 should be used by shareholders for the calculations by which 
they will determine if they are required to notify their interest in, or a 
change of their interest in, the share capital of the Company under the FCA's 
Disclosure and Transparency Rules. 
 
Appointment of Joint Broker 
 
In conjunction with the Placing the Company has appointment SVS as Joint Broker 
with immediate effect 
 
This announcement contains inside information for the purposes of Article 7 of 
Regulation (EU) 596/2014. 
 
For further information please visit the Company's website at 
www.alienmetals.uk , or contact: 
 
Alien Metals Limited                  Yellow Jersey PR Limited 
Peter Taylor, CEO                     Felicity Winkles/Annabel Atkins 
David Taylor, Company Secretary       Tel: [phone] 
Tel: [phone] 
 
Beaumont Cornish Limited (Nomad)      First Equity Limited (Joint Broker) 
James Biddle/ Roland Cornish          Jason Robertson 
www.beaumontcornish.com               Tel [phone] 
Tel: [phone] 
 
SVS Securities plc (Joint Broker) 
Elliot Hance 
Tel [phone] 
 
Notes to Editors 
 
Alien Metals Limited is an AIM quoted mining exploration and development 
company. Since the recomposition of the Board and company name change in 2018, 
Alien has focused on delivering its strategy of acquiring mining projects which 
demonstrate significant development upside, in jurisdictions with established 
infrastructure and mining codes, and where strong operational controls can be 
assured. 
 
In addition to progressing its acquisition-led strategy, following the 
strategic review of its portfolio of projects in Mexico during 2018-19, the 
Company has identified exploration targets across its 12 mining concessions in 
Zacatecas, Mexico, which it is working to advance systematically. 
 
 
 
END 
 

(END) Dow Jones Newswires

June 28, 2019 02:01 ET (06:01 GMT)