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LONDON - Capital Metals PLC (AIM:CMET), a mineral sands company focused on the development of the Taprobane Minerals Project in Sri Lanka, has announced a retail offer for up to £300,000 through a new share issuance. The offer, conducted via the Winterflood Retail Access Platform (WRAP), will allow existing UK shareholders to participate by purchasing up to 12,000,000 new Ordinary shares at 2.5 pence each.
This retail offer is in line with the terms of a strategic investment by Ambeon Capital PLC, which was also announced today. The proceeds from both the Ambeon investment and the WRAP Retail Offer are earmarked for the same purposes, including advancing the Taprobane Minerals Project towards the mine development stage.
The WRAP Retail Offer is contingent upon the successful admission of the Ambeon Subscription Shares to trading on AIM, expected to commence on or around June 4, 2025, followed by the WRAP Retail Offer Shares on or around June 6, 2025.
Capital Metals values its retail shareholder base and has thus provided this opportunity to existing retail shareholders in the UK. The offer is open following the release of this announcement and is available through certain financial intermediaries. Existing shareholders interested in participating can reach out to their brokers or wealth managers. The offer is expected to close at 9 a.m. BST on June 2, 2025, although intermediaries may have earlier deadlines.
The minimum subscription per investor is set at £500, and the company reserves the right to amend the offer size or scale back orders at its discretion. Once applications are made and accepted, they cannot be withdrawn. The new shares will rank equally with existing Ordinary shares in the company, including rights to dividends and distributions declared after the issue date.
This offer is open solely to UK investors under the exemption from the requirement to publish a prospectus in section 86(1)(e) of the Financial Services and Markets Act (FSMA). No offering document or prospectus has been prepared in relation to the WRAP Retail Offer.
Investors are reminded that investing in the company carries risks and capital is at risk. The value of investments can fluctuate, and past performance is not indicative of future results. The company advises potential investors to conduct their own due diligence and, if necessary, seek independent advice before investing.
This announcement, based on a press release statement, does not constitute an offer or solicitation in any jurisdiction where such actions would be unlawful, nor does it constitute investment, tax, or legal advice.
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