Result of WRAP Retail Offer
Oriole Resources PLC has successfully raised approximately £0.23 million through its WRAP Retail Offer at 0.24 pence per share, issuing 96,640,463 new Ordinary Shares and an equal number of warrants. Combined with the previously announced Placing and Subscription, the total gross proceeds raised amount to approximately £2.03 million. Applications have been made for these new shares to be admitted to trading on AIM, expected around November 28, 2025, at which point the Company's total issued ordinary share capital will be 4,764,342,801 shares.
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Oriole Resources PLC (AIM: ORR), the AIM quoted gold exploration company focused on West and Central Africa is pleased to confirm, further to the announcements made on 14 November 2025, the result of its WRAP Retail Offer at the Issue Price of 0.24 pence per share. The Company announces that it has raised aggregate gross proceeds of approximately £0.23 million pursuant to the WRAP Retail Offer alongside the previously announced Placing and Subscription. Accordingly, the Company will issue a total of 96,640,463 new Ordinary Shares at the Issue Price, and 96,640,463 warrants pursuant to the WRAP Retail Offer.
In total, the Placing and Subscription and the WRAP Retail Offer have raised gross proceeds of approximately £2.03 million for the Company, via the Placing and Subscription of 750,000,000 Placing and Subscription Shares and the 96,640,463 WRAP Retail Offer Shares.
Admission and Total Voting Rights
Applications have been made for the Placing and Subscription Shares, and the WRAP Retail Offer Shares, to be admitted to trading on AIM ("Admission"). Admission is expected to become effective at 8.00 a.m. on or around 28 November 2025.
Upon Admission, the Company's issued ordinary share capital will consist of 4,764,342,801 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 4,764,342,801. 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.
Terms used but not defined in this announcement have the same meaning as set out in the Company's announcement released at 7.05 am on 14 November 2025.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.