Result of WRAP Retail Offer
Bradda Head Lithium Ltd has successfully raised approximately £2.28 million in gross proceeds through its Fundraise and WRAP Retail Offer, issuing a total of 179,438,050 new Ordinary Shares at an issue price of 2.25 pence per share. The WRAP Retail Offer alone generated £131,562, with an additional £30,000 raised from post-fundraise subscriptions. Following these issuances, and including other share classes, the company's total issued ordinary share capital will be 570,047,489 shares upon admission to AIM, expected around July 31, 2026.
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Bradda Head Lithium Ltd (AIM: BHLL), the North America-focused lithium development group, is pleased to confirm, further to the announcements made on 17 July 2026 and 21 July 2026, the result of its WRAP Retail Offer at the Issue Price of 2.25 pence per share. The Company announces that it has raised aggregate gross proceeds of approximately £131,562 pursuant to the WRAP Retail Offer, alongside the previously announced Fundraise. Accordingly, the Company will issue a total of 5,847,198 new Ordinary Shares at the Issue Price pursuant to the WRAP Retail Offer.
In addition, the Company received signed subscription letters from interested parties post the Fundraise announcement on 17 July 2026, raising gross proceeds of £30,000 and will issue 1,333,333 new Ordinary Shares at the Issue Price.
In total, the Fundraise and the WRAP Retail Offer have raised gross proceeds of approximately £2.28 million for the Company, via the Placing and Subscription of 95,630,331 Fundraise Shares and the 5,847,198 WRAP Retail Offer Shares.
Admission and Total Voting Rights
Applications have been made for the Fundraise Shares, and WRAP Retail Offer Shares, together with the 68,488,299 Conversion Shares, 7,250,000 Option Shares, and 2,222,222 Broker Shares set out in the announcement of 17 July 2026, totalling 179,438,050 new Ordinary Shares to be admitted to trading on AIM ("Admission"). Admission is expected to become effective on or around 31 July 2026.
Upon Admission, the Company's issued ordinary share capital will consist of 570,047,489 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, from Admission the total number of Ordinary Shares and voting rights in the Company will be 570,047,489 . With effect from Admission, this figure may be used by Shareholders in the Company as the denominator for the calculations by which they will 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.
The new Ordinary Shares to be issued pursuant to the WRAP Retail Offer will be issued free of all liens, charges and encumbrances and will, on Admission, rank pari passu in all respects with the new Ordinary Shares to be issued pursuant to the announcements of 17 July 2026 and 21 July 2026 and the Company's existing Ordinary Shares.
Terms used but not defined in this announcement have the same meaning as set out in the Company's announcement released at 15:31:01 on 17 July 2026.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.