Europa Metals Ltd Completion of Fundraising (3889X)

TIDMEUZ

RNS Number : 3889X

Europa Metals Ltd

10 August 2018

10 August 2018

Europa Metals Ltd

("Europa Metals", the "Company" or the "Group")(ASX, AIM, JSE: EUZ)

Completion of Placing and Appendix 3B

and addendum to Appendix 5B

Europa Metals, the European lead-zinc explorer, is pleased to announce that further to the conditional fundraising announced on 27 July 2018, it has today issued 727,118,650 fully paid new ordinary shares of no par value each in the capital of the Company at an issue price of 0.0775 pence per share to raise approximately GBP563,516 (approximately A$0.98m) before expenses. Accordingly, the fundraising has now been completed.

Placing Shares and Corporations Act Confirmations

The equity fundraising comprised a placing arranged by the Company's joint broker, Turner Pope Investments (TPI) Limited, as agent of the Company, to raise, in aggregate, approximately GBP563,516 (approximately A$0.98m) before expenses, through the issue of, in aggregate, 727,118,650 new ordinary shares of no par value each in the capital of the Company (the "Placing Shares") at an issue price of 0.0775 pence per share (the "Placing"). The Placing Shares were issued to certain new and existing investors utilising the remainder of the Company's existing placement capacity under ASX Listing Rule 7.1.

The net proceeds from the Placing will be utilised towards funding a planned phase 2 work programme at the Company's wholly owned Toral lead-zinc-silver project, located in the Province of Le n, northern Spain, as well as providing additional general working capital for the Group.

The Company hereby notifies ASX under section 708A(5)(e) of the Corporations Act (the "Act") in compliance with the requirements of section 708A(6) of the Act. The Company also advises that as at the date of this announcement:

1. the Placing Shares were issued without disclosure to investors under Part 6D.2 of the Act;

2. the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company;

3. the Company has complied with section 674 of the Act; and

4. as at the date of this announcement, there is no information:

a. that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; or

b. that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

i. the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

   ii.          the rights and liabilities attaching to the shares. 

An Appendix 3B pursuant to the ASX Listing Rules, with respect to the issue of the Placing Shares, can be viewed here:

http://www.rns-pdf.londonstockexchange.com/rns/3889X_1-2018-8-9.pdf

Addendum to Appendix 5B

Further to the Company's Quarterly Activities and Cashflow Report for the period ended 30 June 2018, which was announced on 31 July 2018, the figure of A$85,000 disclosed in section 6.1 of the associated Appendix 5B for the aggregate amount of payments to directors of the entity and their associates comprised payments of directors fees totalling A$76,000 and company secretarial fees of A$9,000.

For further information on the Company, please visit www.europametals.com or contact:

Europa Metals Ltd

Dan Smith, Non-Executive Director and Company Secretary (Australia)

T: [phone]

Laurence Read, Executive Director (UK)

T: [phone]

Strand Hanson Limited (Nominated Adviser)

Rory Murphy/Matthew Chandler

T: [phone]

Turner Pope Investments (TPI) Limited (Joint Broker)

Andy Thacker

T: [phone]

Peterhouse Corporate Finance Limited (Joint Broker)

Lucy Williams/Duncan Vasey/Heena Karani

T: [phone]

Sasfin Capital Proprietary Limited (a member of the Sasfin group) (JSE Sponsor)

Sharon Owens

T (direct): [phone]

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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August 10, 2018 02:00 ET (06:00 GMT)