Anglesey Mining plc has conditionally raised a total of £679,499.76, via a placing and direct subscription of an aggregate 11,324,996 new ordinary shares of nominal value £0.01 each, at six pence per share.
TVRs
The placing of 10,491,663 new ordinary shares to certain institutional and other investors raised £630,000.
The direct subscription of 833,333 new ordinary shares with majority shareholder, Energold Minerals Inc., raised £50,000.
On completion of the fundraise, Energold will hold 14,951,233 ordinary shares in Anglesey, representing 23.1% of the enlarged issued share capital.
Anglesey non-executive director Jim Williams subscribed for 166,666 shares in the placing for £9,999.96.
The issue price is a 20% discount to the closing middle market price of 7.5 pence per ordinary share on 6 March 2026.
Each new ordinary share has one warrant attached, exercisable at seven pence per share, for a period of 12 months from date of grant.
Anglesey will also issue 400,000 new ordinary shares to retain for 12 months its new broker AlbR Capital Ltd.
Following admission, Anglesey’s enlarged issued share capital will comprise 64,814,303 ordinary shares.
The company holds no shares in treasury.
USES
Net proceeds will advance the company’s 100%-owned Parys Mountain copper-zinc-lead-gold-silver project in North Wales.
Work includes dewatering the existing shaft to allow exploration, advance the pumped energy storage project, analysis of core samples, support eventual mine development.
The funds will also contribute to general and administrative working capital.