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Alien Metals Ltd (LSE AIM:UFO), a global minerals exploration and development company, announces that, further to its announcement of 11:01 a.m. (London time) today (the “Announcement”), it has successfully completed and closed the Placing.
The Placing has raised, in aggregate, gross proceeds of £0.6 million through the placing of 545,454,545 new Common Shares to certain investors at a price of 0.11 pence per share. The Placing Price represents a discount of approximately 10.2 per cent. to the Closing Price of 0.1225 pence per Common Share on 31 July 2024, being the latest practicable business day prior to the publication of the Announcement.