THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.
9 March 2022
BWA Group PLC
(“BWA”, the “Group”, or the “Company”) (AQSE: BWAP)
Proposed Fundraising and Directors’ Participation
BWA Group plc [AQSE: BWAP], which holds mineral exploration licences in both
The majority of the funds are to be used to continue the Group’s exploration programme on its two claim areas in
An updated corporate presentation, together with the recently produced Competent Persons Report (December 2021), in which a detailed summary of exploration works and geological settings can be found, are both available on the Company’s website.
The Company announced (1 February 2022) encouraging XRD results showing promising returns of Valuable Heavy Minerals (VHM) ilmenite, rutile, kyanite and zircon from select units of the mineralised sands, as well as anomalous garnet percentages.
All the Directors of the Company and certain other shareholders are proposing to subscribe for shares in the issue.
The Ordinary Share issue will be made on a non-pre-emptive basis under the terms of the Board’s authority confirmed at the last AGM. Any shareholder, however, who may wish to subscribe for Ordinary Shares in the issue may express an interest to the Company by emailing firstname.lastname@example.org. The minimum sum to be raised under the subscription is £350,000; should the minimum not be achieved by 1 April 2022, the funds subscribed will be returned without deduction to subscribers.
For further information on the Company, please visit:
|BWA Group PLC
|+44 (0)7836 238172
|Allenby Capital Limited
Nick Harriss/Freddie Wooding
|+44 (0)20 3328 5656|
Links to the documents on the Company’s website:
Corporate Presentation – http://bwagroupplc.com/presentations/BWA-BWAR-PresentationFinalPdf15-2-2022.pdf
Competent Person’s Report - http://bwagroupplc.com/documents/BWA%20Nkoteng%20%20Dehane%20CPR%20Final_20211210.pdf
Announcement of 1 February 2022 - http://bwagroupplc.com/Announcements/01022022%20Positive%20Mineral%20Results%20for%20Nkoteng%20&%20Dehane%20Projects.pdf