Admission of Shares

RNS Number : 7415U

Caracal Gold PLC

03 August 2022

 

Caracal Gold plc / EPIC: GCAT / Market: Main / Sector: Mining

3 August 2022

Caracal Gold plc ('Caracal' or the 'Company')

Admission of Shares

Caracal Gold plc, the expanding East African gold producer with over 1,300,000oz JORC-compliant gold resources, provides an update on its total issued share.

Certain share admissions previously announced by the Company have not been admitted to the Financial Conduct Authority's ("FCA") Official List and to trading on the London Stock Exchange.  Details are set out in the table below.

Date	Number of shares	Details
27-Dec-21	24,000,000	Placing shares issued at 1.25p per share. Proceeds of the fundraising used to fund the capital and working capital costs of the announced Phase 3 Development Plan.
27-Jan-22	9,100,000	Share issuance in lieu of research services totalling £90,000
07-Feb-22	37,500,000	30,000,000 warrants exercised by former directors in lieu of outstanding fees due to them, along with 7,500,000 performance shares issued as conditions of the incentives had been met, and are subject to a 12-month lock-in. Application for admission to trading for these shares is subject to the publication of a prospectus.
14-Feb-22	177,048,592	Placing shares issued at 0.95p per share. Proceeds of the fundraising used to fund the capital and working capital costs of the announced Phase 3 Development Plan.
17-Feb-22	16,000,000	Placing shares issued at 1.25p per share. Proceeds of this fundraising used to fund the capital and working capital costs of the announced Phase 3 Development Plan.
Total	263,648,592

Admission

In order to rectify the position, application will be made to the FCA for the shares to be admitted to the Official List and to the LSE for the shares to be admitted to trading on the LSE ("Admission") in two tranches.

Application will be made to the LSE for 226,148,592 shares (the "Tranche 1 Shares") to be admitted to trading, with Admission expected on or around 8^th August 2022.

Admission of 37,500,000 shares (the "Tranche 2 Shares") to trading on the Main Market of the LSE will be subject to the publication of a prospectus. Work has commenced on production of the prospectus, which will be published as soon as practicable, subject to approval by the FCA.

The Tranche 1 Shares and the Tranche 2 Shares will rank pari passu with the Company's existing Ordinary Shares in all respects.

Total Voting Rights

The current issued share capital of the Company is 1,878,977,593 Ordinary Shares, each with voting rights.  This figure may be used by shareholders 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 Disclosure and Transparency Rules.

**ENDS**

For further information visit  www.caracalgold.com   or contact the following:

Caracal Gold plc Robbie McCrae Sheila Boit	[e-mail]
VSA Capital Ltd Financial Adviser and Joint Broker Andrew Raca (Corporate Finance)	[phone]
Clear Capital Markets Limited Joint Broker Keith Swann / Jon Critchley	[phone] / [phone]
St Brides Partners Ltd Financial PR Charlotte Page / Isabel de Salis / Isabelle Morris	[e-mail]
DGWA, the German Institute for Asset and Equity Allocation and Valuation European Investor and Corporate Relations Advisor Katharina Löckinger	[e-mail]

Notes

Caracal Gold plc is an emerging East African focused gold producer with a clear path to grow production and resources both organically and through strategic acquisitions. Its aim is to rapidly increase production to +50,000ozs p.a. and build a JORC compliant resource base of +3Moz.  To this end, it is progressing a well-defined mine optimisation strategy at its 100% owned Kilimapesa Gold Mine in Kenya, where there is significant mid-term expansion potential and ability to increase gold production to 24,000oz p.a. and the resource to +2Moz (current JORC compliant resources of approx. 671,000oz). Additionally, its experienced team, with proven track record in successfully developing and operating mining projects throughout Africa, is reviewing other complementary and strategically located gold mine and development projects in East Africa.

Caracal is a responsible mining and exploration company and supports the positive social and economic change that it contributes to the communities in the regions that it operates.  It is a proudly East African-focused company: it buys locally, employs locally, and protects the environment and its employees and their families' health, safety, and wellbeing.

Caracal's shares are quoted on the Main Market of the London Stock Exchange (LON: GCAT) and on the Frankfurt Stock Exchange (FSE: 6IK); a listing on the Nairobi Securities Exchange is underway.

 

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