RE: All crypto stocks on the rise22 May 2025 11:02
The Subscription
VVV Resources Limited (AQUIS: VVV) announces a minimum underwritten £1,000,000 subscription ("Subscription") by Campana as follows:
· A £100,000 unconditional subscription for 10,000,000 new ordinary shares of no par value in the Company ("Ordinary Shares") at a price of 1 pence per share (the "Initial Subscription"; "Initial Subscription Shares").
· A £900,000 conditional subscription for 90,000,000 new Ordinary Shares at a price of 1 pence per share (the "Conditional Subscription"), subject to (i) the passing of relevant resolutions at the Annual General Meeting of the Company (the "AGM"); and (ii) completion of the Debt for Equity Swap.
It is intended that the net proceeds from the Subscriptions will initially be used for general working capital purposes, prior to being deployed in pursuit of the Company's proposed new investment strategy, as set out below.