Alien issues notice to cancel Tranche 2 Funding from short term lending agreement

Alien Metals Ltd (AIM: UFO), a minerals exploration and development company, is pleased to announce that following the successful raising and placing of £2 million, it has issued notice to the Lender (“Bennelong Limited”) of its short-term funding facility (AIM: 3 July 2023) that it will not be drawing on the Tranche 2 (US$500,000) of the Convertible Securities. Accordingly, the Lender holds in total US$500,000 of Convertible Securities in respect of Tranche 1 along with 10,000,000 Warrants (the terms of which are outlined in the RNS of 3 July 2023).