WRAP Retail Offer for up to £50,000
Sunrise Resources Plc is launching a WRAP Retail Offer to raise up to £50,000 through the issuance of up to 200,000,000 new ordinary shares at a price of 0.025 pence per share, mirroring the terms of a recent £225,000 placing. This offer, available to eligible UK retail shareholders, will close on April 23, 2026, with proceeds intended for general working capital and mineral project advancement. Admission of the new shares to AIM is anticipated on April 29, 2026.
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Sunrise Resources plc (AIM: SRES) is pleased to announce a retail offer via the Winterflood Retail Access Platform ("WRAP") to raise up to £50,000 (the "WRAP Retail Offer") through the issue of new ordinary shares of 0.001 pence each in the capital of the Company ("Ordinary Shares"). Under the WRAP Retail Offer up to 200,000,000 new Ordinary Shares (the "WRAP Retail Offer Shares") will be made available at a price of 0.025 pence per share (the "WRAP Retail Offer Price").
As announced on 13 April 2026, the Company raised £225,000 through a placing of new Ordinary Shares at a price of 0.025 pence per share (the "Placing") and invited Shareholders to contact the Company should they wish to invest on the same terms; the Board is pleased to say it has received positive approaches and is now therefore making the WRAP Retail Offer to eligible shareholders at the same price.
The WRAP Retail Offer will close at 12.00 noon on Thursday 23 April 2026. The proceeds of the WRAP Retail Offer will be applied to general working capital and to support the Company's plans for advancement of the Company's mineral projects.
For the avoidance of doubt, the WRAP Retail Offer is not part of the Placing. The WRAP Retail Offer is conditional on the New Ordinary Shares being admitted to trading on AIM ("Admission"). It is anticipated that Admission will become effective and that dealings in the New Ordinary Shares will commence at 8.00 am on Wednesday 29 April 2026.
WRAP Retail Offer
Therefore, the Company is making the WRAP Retail Offer available to eligible investors in the United Kingdom following release of this announcement, being existing shareholders of Sunrise Resources plc, and through certain financial intermediaries.
The WRAP Retail Offer is expected to close at 12.00 noon on Thursday 23 April 2026. Eligible shareholders should note that financial intermediaries may have earlier closing times.
There is a minimum subscription of £100 per investor under the WRAP Retail Offer. The terms and conditions on which investors subscribe will be provided by the relevant financial intermediaries including relevant commission or fee charges.
The Company's LEI is 213800MGDOE974QHPZ44.
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