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Asiamet Resources Limited announced the settlement of Tranche 2 of its Subscription with BUMA, raising approximately US$1.5 million through the issue of 141,909,995 Tranche 2 Shares, bringing the aggregate gross proceeds of the Subscription to approximately £1.9 million (US$2.5 million). Application has been made for these shares to be admitted to trading on AIM on or around 18 July 2025. Following admission, Asiamet's issued share capital will comprise 3,212,984,642 Common Shares, and BUMA will hold 1,432,275,431 Common Shares, representing 44.6% of the Company's issued share capital.
| Date | 15 Jul 2025 |
| Time | 16:00:01 |
| Category | Capital structure |
| ID | 1730R |
15 July 2025
Asiamet Resources Limited
("Asiamet" or the "Company")
Completion of Subscription, Significant Shareholder Update and TVR
Further to its announcement of 29 May 2025, the Company announces the settlement of Tranche 2 of the Subscription with BUMA, raising gross proceeds approximately US$1.5 million through the issue of 141,909,995 Tranche 2 Shares. Accordingly, the Subscription has raised aggregate gross proceeds of approximately £1.9 million (approximately US$2.5 million).
Admission and Total Voting Rights
Application has been made to the London Stock Exchange for the admission to trading on AIM of the 141,909,995 Tranche 2 Shares, which is expected to occur at 8:00 a.m. (BST) on or around 18 July 2025 ("Tranche 2 Admission").
Following Tranche 2 Admission, the Company's issued share capital will comprise 3,212,984,642 Common Shares, with no shares held in treasury. This figure may be used by shareholders in the Company as the denominator for calculating notifiable interests under the FCA's Disclosure Guidance and Transparency Rules.
Following Tranche 2 Admission, BUMA will be interested in 1,432,275,431 Common Shares, representing 44.6% of Asiamet's issued share capital.
Unless otherwise defined herein, defined terms used shall have the same meanings as ascribed to them in the Company's announcement of 29 May 2025.
ON BEHALF OF THE BOARD OF DIRECTORS
Tony Manini, Chairman
-Ends-
For further information, please contact:
Tony Manini
Chairman, Asiamet Resources Limited
Email: tony.manini@asiametresources.com
Darryn McClelland
Chief Executive Officer, Asiamet Resources Limited
Email: darryn.mcclelland@asiametresources.com
Investor Enquiries
Sasha Sethi
Telephone: +44 (0) 7891 677 441
Email: Sasha@flowcomms.com / info@asiametresources.com
Nominated Adviser
Strand Hanson Limited
James Spinney / James Dance / Rob Patrick
Telephone: +44 20 7409 3494
Email: asiamet@strandhanson.co.uk
Broker
Shore Capital
Toby Gibbs / George Payne
Telephone: +44 20 7408 4050
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