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Sunrise Resources - Placing - Broker Option

RNS Number : 2596X
Sunrise Resources Plc
27 August 2020
 
27 August 2020

 

 

SUNRISE RESOURCES PLC

("Sunrise" or "the Company")

 

 

Broker Option - Fully Subscribed

 

Further to the Company's announcement of 24 August 2020 ("the Fundraise Announcement") Sunrise is pleased to announce that the Broker Option, a facility to allow existing shareholders to participate in the Fundraise on the same terms to the Placing, closed at 5.00pm yesterday, 26 August 2020.  

 

The Company's broker, Peterhouse Capital Limited, has advised that there was significant demand for the Broker Option Shares and that priority was given to existing shareholders in the Company.

 

The Broker Option has raised £250,000, before expenses, through the issue of 89,285,714 Broker Option Shares at a price of 0.28 pence per share, conditional on Admission, bringing the total amount raised under the Fundraise to £1millon, before expenses.

 

Further details of the Placing, the Broker Option and Admission are given in the Fundraise Announcement and capitalised terms in this announcement have the same meaning as in that Fundraise Announcement unless specified herein.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. 

 

Further information:

 

Sunrise Resources plc

Patrick Cheetham, Executive Chairman

Tel: +44 (0)1625 838 884

 

Beaumont Cornish Limited

Nominated Adviser

James Biddle/Roland Cornish

Tel: +44 (0)207 628 3396

 

Peterhouse Capital Limited

Broker

Lucy Williams/Duncan Vasey

Tel: +44 (0)207 469 0930

 

 

 

 

Shares in the Company trade on AIM. EPIC: "SRES". Website: www.sunriseresourcesplc.com

 

 

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Quick facts: Sunrise Resources PLC

Price: 0.24

Market: AIM
Market Cap: £8.83 m
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