RE: GEX1 May 2026 13:09
GEX caught LTH, with that £500m/y ATM facility touted at the GM, and fully funded Hussar, only to pull a £1m raise today,
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pleased to announce that it has successfully raised approximately £1m through the issue of 37,037,000 new ordinary shares at a placing price of 2.7 p
with one warrant per two placing shares at an exercise price of 5 pence expiring 5 years
Use of Proceeds to advance the work programmes, general working capital and for pre- drill activities.
Broker Warrants, will issue Clear Capital with 2,222,220 Broker Warrants exercisable at 2.7 pence and expire five years from the date of Admission.
6 May 2026 Admission
Total Voting Rights, the Company's enlarged issued ordinary share capital will comprise 165,697,654 Ordinary Shares.