TIDMMILA
RNS Number : 2706Q
Mila Resources PLC
16 October 2023
This announcement and the information contained herein is for
information purposes only and does not constitute an offer to sell
or issue or the solicitation of an offer to buy, subscribe or
acquire any securities in the United States, Australia, Canada,
Japan or The Republic of South Africa (unless an exemption under
the relevant securities laws is available) or in any other
jurisdiction in which any such offer or solicitation would be
unlawful.
Certain 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 ("MAR") as applied in
the United Kingdom. Upon publication of this Announcement, this
information is now considered to be in the public domain.
16 October 2023
Mila Resources Plc
("Mila" or the "Company")
Publication of Prospectus in relation to the Placing to raise
GBP2 million
Mila Resources Plc (LSE:MILA), the post-discovery exploration
accelerator, announces that, it has today published a prospectus
(the "Prospectus") in connection with the Placing of 200,000,000
ordinary shares ("Placing Shares") at a placing price of 1p per
share ("Placing Price") to raise GBP2 million (before expenses) as
announced on 2 October 2023 . The Prospectus has been approved by
the Financial Conduct Authority.
The Prospectus contains, inter alia, Notice of a General Meeting
of the Company, to be held on 8 November 2023 at 11.00 a.m. at
13(th) Floor, 88 Wood Street, London EC2V 7DA ("Notice"). The
Placing is conditional on the resolutions set out in the Notice
being passed and admission of the Placing Shares to the Official
List by way of a Standard Listing ("Admission") having become
effective on or before 8.00 a.m. on 9 November 2023.
The Placing Shares will, when issued as fully paid, rank pari
passu in all respects with the existing issued Ordinary Shares,
including the right to receive all dividends or other distributions
declared, made or paid after the date of their issue and in respect
of Voting Rights.
Each Placee will also be issued with a warrant ("Placing
Warrants") to subscribe for 1 new Ordinary Share for every Placing
Share. The Placees will be granted warrants over an aggregate of
200,000,000 Ordinary Shares exercisable at 2 pence per Share at any
time for 2 years from the date of Admission.
Expected timetable of Principal Events
Publication of Prospectus 16 October 2023
General Meeting of the Company 11:00 a.m. on 8 November
2023
Admission and commencement of dealings 8:00 a.m. on 9 November
in Ordinary Shares 2023
CREST members' accounts credited in respect 9 November 2023
of Placing Shares
Share certificates dispatched in respect within 10 business
of Placing Shares where applicable days following Admission
Forms of Proxy
Shareholders will not receive a hard copy form of proxy for the
General Meeting. Instead, they will be able to vote electronically
using the link www.signalshares.com. Shareholders should log into
their signal shares account or register, if register if they have
not previously done so. To register a Shareholder will need the
investor code, which will be found on the relevant share
certificate or can be obtained from the Company's registrar, Link
Group.
Shareholders are urged to submit proxy votes to Link Group at
www.signalshares.com as soon as possible, but in any event, by no
later than 11.00 am on 6 November 2023, being two business days
before the time appointed for the holding of the General Meeting.
If a Shareholder should wish to vote using a hard copy form of
proxy, it may obtain a form of proxy direct from the Company's
registrars, Link Group.
Voting by proxy prior to the General Meeting does not affect a
Shareholder's right to attend the General Meeting and vote in
person should they so wish.
An application will be made for the Placing Shares to be
admitted to trading on the Official List and the London Stock
Exchange ("Admission"). It is expected that Admission will become
effective and dealings in the new Shares will commence at 8.00 a.m.
on 9 November 2023.
Total Voting Rights
In accordance with the FCA's Disclosure Guidance and
Transparency Rules, the Company confirms that following Admission,
the Company's enlarged issued ordinary share capital will comprise
526,817,108 Ordinary Shares. The Company does not hold any Ordinary
Shares in Treasury. Therefore, following Admission, the above
figure may be used by shareholders in the Company as the
denominator for the calculations to determine if they are required
to notify their interest in, or a change to their interest in the
Company, under the FCA's Disclosure Guidance and Transparency
Rules.
Availability of Prospectus
Further information is set out in the Prospectus, which will be
available for inspection from the registered office of the Company
during normal office hours on any day, Saturdays, Sundays and
public holidays excepted, and which can be accessed electronically
from the Company's website at www.milaresources.com
A copy of the Prospectus has been submitted to the National
Storage Mechanism and will shortly be available for inspection at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
**ENDS**
For more information visit www.milaresources.com or contact:
Mark Stephenson info@milaresources.com
Mila Resources Plc
Jonathan Evans
Tavira Financial Limited +44 (0) 20 7100 5100
Nick Emerson
SI Capital +44 (0) 20 3143 0600
Damon Heath
Shard Capital Partners LLP +44 (0) 20 3971 7000
Susie Geliher
St Brides Partners Limited +44 (0) 20 7236 1177
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END
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October 16, 2023 09:45 ET (13:45 GMT)
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