GWMO Great Western Mining Corporation Plc

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR REGULATION. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

  GREAT WESTERN MINING CORPORATION PLC

("Great Western", "GWM" or the "Company")

RESULTS OF RETAIL OFFER

Great Western Mining Corporation PLC (AIM - GWMO, Euronext Growth - 8GW) is pleased to announce that, further to its announcement of 26 November 2024, it has conditionally raised approximately £45,000 (before expenses) via the conditional issue of 272,727,272 new Ordinary Shares of €0.0001 each (the "Retail Offer Shares") at a price of 0.0165p per share (the "Issue Price") pursuant to its offer to its existing retail shareholders via CMC CapX (the "Retail Offer").

A separate announcement has been made regarding the Placing and its terms. For the avoidance of doubt, the Retail Offer is separate from and does not form part of the Placing.

ADMISSION OF NEW SHARES AND TOTAL VOTING RIGHTS

Further to the Retail Offer, admission of 272,727,272 Ordinary Shares to trading on the AIM and Euronext Growth markets is expected to occur on 4 December 2024 ("Admission").  The Retail Offer is conditional on Admission.  

Following Admission of the Placing Shares and the Retail Offer Shares, the Company's issued ordinary share capital will comprise 10,437,854,836 Ordinary Shares of €0.0001.  There are no Ordinary Shares held in treasury.  Accordingly, this number will represent the total voting rights in the Company, and, following Admission, may be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Transparency (Directive 2004/109/EC) Regulations 2007. The new Ordinary Shares will rank pari passu in all respects with the Ordinary Shares of the Company currently traded on AIM and Euronext Growth.

For Further Information

Further information on the Company can be found on its website at www.greatwesternmining.com.

The Company's LEI is 635400NZ1RTHSGDVNQ43.

This announcement should be read in its entirety. In particular, the information in the "Important Notices" section of the announcement should be read and understood.

Important Notices

The contents of this announcement have been prepared by and issued by the Company and is the sole responsibility of the Company. The Board of Directors of the Company are responsible for arranging the release of this announcement on behalf of the Company.

This announcement is not for publication or distribution, directly or indirectly, in or into the United States of America. This announcement is not an offer of securities for sale into the United States.  The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.

This announcement and the information contained herein is not for release, publication or distribution, directly or indirectly, in whole or in part, in or into or from Australia, Canada, Japan, the Republic of South Africa, or any other jurisdiction where to do so might constitute a violation of the relevant laws or regulations of such jurisdiction.

The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

The CMC CapX Platform is a software and technology platform owned and operated by CMC Markets UK plc (trading as CMC CapX) (registered address at 133 Houndsditch, London, EC3A 7BX). CMC Markets UK plc ("CMC") is authorised and regulated in the United Kingdom by the FCA, is acting exclusively for the Company and for no-one else and will not regard any other person (whether or not a recipient of this announcement) as its client in relation to the Retail Offer and will not be responsible to anyone other than the Company for providing the protections afforded to its clients, nor for providing advice in connection with the Retail Offer, Admission and the other arrangements referred to in this announcement.