Corcel PLC, a pan Angolan / Brazilian Oil and Gas company with interests in battery metals mining and oil and gas, has announced the settlement of a previously announced placing. The company has received the full £282,741 in cash to date, completing the transaction, and will now issue 13,945,750 new ordinary shares. Application will be made for these shares to be admitted to trading on AIM, with the admission expected to take place on or around September 19, 2023.
Following the admission, Corcel's total issued share capital will consist of 1,474,528,988 Ordinary Shares, with one voting right per share. The company does not hold any shares in treasury. Shareholders can use this figure as the denominator for calculating their interest in the company's share capital and determining if they are required to notify any changes in their interest in accordance with the FCA's Disclosure Guidance and Transparency Rules.
For further information, interested parties can contact Antoine Karam, Corcel Plc Executive Chairman, or the company's NOMAD & Broker, WH Ireland Ltd.