Fundraise, Board Changes and TVR

Botswana Minerals PLC

20 March 2026

 

20^th March 2026

Botswana Minerals PLC

("Botswana Minerals" or the "Company")

Fundraise, Board Changes and TVR

Placing and subscription to raise £1,150,000

Director / PDMR shareholding

 Appointment of New Director

The Board of Botswana Minerals (AIM: BMIN) is pleased to announce that it has undertaken a Company-arranged fundraising consisting of a placing and subscription with existing and new investors to raise £1,150,000 via the issue of 460,000,000 new ordinary shares of 0.25p each in the capital of the Company    (the "Placing Shares"), which includes the cash subscription by certain directors as detailed below, at a placing price of 0.25p per Placing Share (the "Placing").

Each Placing Share has one share purchase warrant attached with the right to subscribe for one new Ordinary Share at 0.25p per Ordinary Share with an expiry date of one year from 20 March 2026 (the "Placing Warrants"), being the expected date of the Placing Warrants issue.

The Placing Shares will rank pari passu with the Company's existing Ordinary Shares. Application will be made for the Placing Shares to be admitted to trading on the AIM market of the London Stock Exchange and it is expected that such admission will become effective on or around 27 March 2026.

Use of Proceeds

The funds will be used primarily to further the Company's exploration programme on its copper-focused prospecting licences in North-West Botswana, as well as for working capital purposes.  The exploration programme is designed to take the high-priority anomalies to drill targets.

Appointment of a New Non-Executive Director

Rory Harding has been appointed to the board of Botswana Minerals as Non-Executive Director with immediate effect.

He is also currently the Chief Executive Officer of AIM listed Arkle Resources Plc.

Mr Harding is an emerging markets specialist with experience in energy, mining and investment banking and adviser to London merchant bank Strand Hanson. He is the co-founder and asset originator for multiple publicly listed mining companies, most recently Electrum Discovery (TSXV:ELY). Mr Harding formerly worked in energy trading and has extensive operational experience in Africa.

Director Subscription and RPT

Certain directors are subscribing for Placing Shares (with Placing Warrants attached), as set out in the table below:

Director	Subscription of Placing shares	Enlarged shareholding following the placing	% of enlarged share capital	Placing Warrants
John Teeling	16,000,000	87,896,818	5.30%	16,000,000
James Finn	16,000,000	62,638,869	3.78%	16,000,000
James Campbell	16,668,800	33,744,081	2.04%	16,668,800
Rory Harding	40,000,000	40,000,000	2.41%	40,000,000

The issue of the Placing Shares and the Placing Warrants to the four directors as set out above constitutes a related party transaction under Rule 13 of AIM Rules. In this context, Robert Bouquet, being a Director on the Board who is considered to be independent of the Placing, considers, having consulted with the Company's Nominated Adviser, Strand Hanson Limited, that the terms of the director participation in the Placing are fair and reasonable insofar as its shareholders are concerned.

Schedule 2(g) Information on New Director

The following disclosures are made pursuant to Schedule 2(g) of the AIM Rules for Companies:

Rory John Harding, aged 40, currently holds or has held the following directorships in the past five years:

Current Directorships/Partnerships	Past Directorships/Partnerships within last five years
Arkle Resources Plc	NeoGreen Hydrogen Corp
American Renaissance Resources LLC	Oxley River Capital Pty Ltd
Reston Energy Trading Ltd	Aurous Resources Inc
Onyofi Capital Pty Ltd	Balkan Metals Corp
Patina Minerals Doo	Strand Hanson Guyana Ltd
Oakridge Vision Ltd	Oryx Services Namibia Pty Ltd
Oxley River Capital Ltd	Molecula Prospera Lda
Dunonin Resources Ltd	Elipse Fidalga Lda
	Inside Theory Lda

Mr Harding is subscribing for 40,000,000 shares in the placing. Following completion of the Placing, Mr Harding's holding in the Company will be 40,000,000 Ordinary Shares representing 2.41% of the enlarged issued share capital.

Total Voting Rights

In conformity with the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority ("FCA"), the Company announces the following:

Following the issue of the Placing Shares, there will be a total of 1,658,002,899 Ordinary Shares in issue with each carrying the right to one vote ("Ordinary Shares"). The Company does not hold any Ordinary Shares in Treasury. Therefore, the total number of Ordinary Shares in the Company with voting rights is 1,658,002,899. The above 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 FCA's Disclosure and Transparency Rules.

Special note concerning the Market Abuse Regulation

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014 ("MAR").

A copy of this announcement is available on the Company's website, at www.botswanaminerals.com

Enquiries:

Botswana Minerals PLC John Teeling, Chairman James Campbell, Managing Director Jim Finn, Director	[phone] [phone] [phone]
Nominated & Financial Adviser Strand Hanson Limited Ritchie Balmer Rory Murphy Edward Foulkes	[phone]
Broker  First Equity Limited Jason Robertson	[phone]
Public Relations BlytheRay Megan Ray Said Izagaren	[phone]
Teneo Luke Hogg Ciara McNamee Molly Mooney	[phone] [phone]

www.botswanaminerals.com

The notification below, made in accordance with the requirements of the Market Abuse Regulations, provides further detail in respect of the transaction as described above.  

1	Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated
a)	Name	James Campbell
2	Reason for notification
a)	Position / status	CEO
b)	Initial notification /Amendment	Initial
3	Details of the issuer,  emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Botswana Minerals plc
b)	LEI	213800UEF1WVQZIZRA91
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description  of  the financial instrument, type of instrument Identification code	Ordinary shares of 0.25 pence each in Botswana Minerals plc ISIN GB00B5TFC825
	Nature of the transaction	Subscription for new Ordinary Shares and issue of Placing Warrants
	Price(s) and volumes(s)	Subscription for new Ordinary Shares Price(s) Volumes(s) £0.0025 16,668,800 Issue of Placing Warrants Price(s) Volumes(s) £0.025 16,668,800
d)	Aggregated information	n/a
e)	Date of the transaction	19th March 2026
f)	Place of the transaction	Outside a trading venue

1	Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated
a)	Name	James Finn
2	Reason for notification
a)	Position / status	Director
b)	Initial notification /Amendment	Initial
3	Details of the issuer,  emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Botswana Minerals plc
b)	LEI	213800UEF1WVQZIZRA91
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description  of  the financial instrument, type of instrument Identification code	Ordinary shares of 0.25 pence each in Botswana Minerals plc ISIN GB00B5TFC825
	Nature of the transaction	Subscription for new Ordinary Shares and issue of Placing Warrants
	Price(s) and volumes(s)	Subscription for new Ordinary Shares Price(s) Volumes(s) £0.0025 16,000,000 Issue of Placing Warrants Price(s) Volumes(s) £0.0025 16,000,000
d)	Aggregated information	n/a
e)	Date of the transaction	19th March 2026
f)	Place of the transaction	Outside a trading venue

1	Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated
a)	Name	Rory Harding
2	Reason for notification
a)	Position / status	Director
b)	Initial notification /Amendment	Initial
3	Details of the issuer,  emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Botswana Minerals plc
b)	LEI	213800UEF1WVQZIZRA91
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description  of  the financial instrument, type of instrument Identification code	Ordinary shares of 0.25 pence each in Botswana Minerals plc ISIN GB00B5TFC825
	Nature of the transaction	Subscription for new Ordinary Shares and issue of Placing Warrants
	Price(s) and volumes(s)	Subscription for new Ordinary Shares Price(s) Volumes(s) £0.0025 40,000,000 Issue of Placing Warrants Price(s) Volumes(s) £0.0025 40,000,000
d)	Aggregated information	n/a
e)	Date of the transaction	19th March 2026
f)	Place of the transaction	Outside a trading venue

1	Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated
a)	Name	John Teeling
2	Reason for notification
a)	Position / status	Director
b)	Initial notification /Amendment	Initial
3	Details of the issuer,  emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Botswana Minerals plc
b)	LEI	213800UEF1WVQZIZRA91
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description  of  the financial instrument, type of instrument Identification code	Ordinary shares of 0.25 pence each in Botswana Minerals plc ISIN GB00B5TFC825
	Nature of the transaction	Subscription for new Ordinary Shares and issue of Placing Warrants
	Price(s) and volumes(s)	Subscription for new Ordinary Shares Price(s) Volumes(s) £0.0025 16,000,000 Issue of Placing Warrants Price(s) Volumes(s) £0.0025 16,000,000
d)	Aggregated information	n/a
e)	Date of the transaction	19th March 2026
f)	Place of the transaction	Outside a trading venue

ENDS

 

END