Conditional Placing & Subscription
Nativo Resources raises £400,000 through placing and subscription of 88.9m shares at 0.45p.
- Gross proceeds £400,000
- Fundraising shares issued 88,888,889
- Price per share 0.45 pence
- Warrant exercise price 0.45 pence
- Total shares post-Admission 450,819,617
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Nativo Resources Plc (LON:NTVO), a gold-focused mining company with interests in Peru, announces it has conditionally raised gross proceeds of £400,000 through a placing and subscription (the "Fundraising") arranged by Peterhouse Capital Limited of an aggregate 88,888,889 new ordinary shares of 0.15 pence each in the Company (the "Fundraising Shares") at a price of 0.45 pence per share.
Each investor in the Fundraising will receive one warrant for every Fundraising Share subscribed, exercisable at 0.45 pence for 12 months from Admission (as defined below).
The proceeds from the Fundraising will be used to strengthen the Company's working capital position and progress mine planning activities at the Tesoro Gold Concession in Peru.
The Fundraising is conditional upon the passing of the resolution at the Company's General Meeting on 26 September 2025, which will allow the Company to issue sufficient shares on a non-pre-emptive basis, and the admission of the Fundraising Shares to trading on AIM ("Admission"). Subject to the passing of the resolution, it is anticipated that application will be made to the London Stock Exchange for Admission to become effective, and dealings to commence, at 8.00 a.m. on or around 8 October 2025. A further announcement will be made confirming Admission.
Following Admission, the total number of Ordinary Shares in the capital of the Company in issue will be 450,819,617 with voting rights. This figure may be used by shareholders 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's share capital pursuant to (i) the Company's Articles, (ii) the Financial Conduct Authority's Disclosure Guidance and Transparency Rules and/or (iii) the AIM Rules for Companies issued by the London Stock Exchange plc as amended from time to time.
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