Corcel PLC

("Corcel" or the "Company")

Placing Settlement Finalisation and TVR

13 September 23

Corcel Plc (London AIM: CRCL), the pan Angolan / Brazilian Oil and Gas company, with interests across battery metals mining and oil and gas, announces the settlement of a previously announced placing.

Funding Updates: 

The Company confirms that, further to the fundraising announced on 24 May 2023, it has received the full £282,741 in cash to date, completing the transaction, and that accordingly the balance of the shares, 13,945,750 (the "Shares") in total, will now be issued. 

Total Voting Rights:

Application will be made for the Shares, 13,945,750 new ordinary shares in total, to be admitted to trading on AIM and it is expected that their admissions to AIM will take place on or around 19 September 2023. 

Following Admission the Company's total issued share capital will consist of 1,474,528,988 Ordinary Shares, with one voting right per share. The Company does not hold any shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company will be 1,474,528,988 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 in their interest in, the share capital of the Company pursuant to the FCA's Disclosure Guidance and Transparency Rules.

For further information, please contact:

Antoine Karam                                                                        Corcel Plc Executive Chairman

[email protected]                                                                                   

James Joyce / James Bavister /Andrew de Andrade             WH Ireland Ltd NOMAD & Broker

0207 220 1666                                                                                        

Patrick d'Ancona                                                                    Vigo Communications IR

0207 3900 230                                                                                      

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 which is part of UK law by virtue of the European Union (withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.