Marula Mining PLC - Further re: Subscription of Shares Agreement
Announcement provided by
Marula Mining PLC · MARU18/04/2024 16:13
Marula Mining PLC
("Marula'' or the "Company")
18 April 2024
Further re: Subscription of Shares Agreement
Marula Mining (AQSE: MARU), an African focused mining and development company, announces that, further to the entry into a co-development partnership and subscription and relationship agreements with the Q Global Commodities Group ("Q Global") announced on 31 January 2023 (as novated to the Subscriber) and the announcements of 16 February and 8 March 2024, the Company has conditionally allotted 54,075,518 new ordinary shares at a price of
The Subscription Shares have been conditionally allotted following completion of certain milestones achieved by the Company pursuant to the Subscription of Shares Agreement (as amended) with the Subscriber.
The allotment of the Subscription Shares is conditional on regulatory approval in
Further issues of equity to the Subscriber are expected to be announced in due course.
Capitalised terms used in this announcement shall, unless otherwise defined, have the same meanings as set out in the Company's announcement of 16 February 2024.
The Directors of Marula are responsible for the contents of this announcement. This announcement contains inside information for the purposes of
About Marula Mining
Marula Mining (AQSE: MARU) is an African focused battery metals investment and exploration company and has interests in several high value mine projects in
Marula's strategy is to identify and invest in advanced and high-value mining projects throughout East, Central and
For enquiries contact:
Marula Mining PLC Jason Brewer, Chief Executive Officer
Faith Kinyanjui Mumbi Investor Relations |
Email : jason@marulamining.com
Email : info@marulamining.com
|
AQSE Corporate Adviser Cairn Financial Advisers LLP, Liam Murray / Ludovico Lazzaretti |
+44 (0)20 7213 0880 |
Broker |
+44 (0)20 7469 0930
|
Financial PR and IR BlytheRay Tim Blythe / Megan Ray / Said Izagaren |
+44 (0)20 7138 3204
|
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