Corpus Resources PLC Regulatory News (COR)

Corpus Resources Plc

("Corpus" or the "Company")

Correction: Placing

Admission of Placing Shares and PDMR

The following amendment has been made to the "Placing" announcement, released on 11 February 2025 at 2.41pm under the RNS No: 7306W and to the "Admission of Placing Shares and PDMR" announcement, released on 14 February 2025 at 3.31pm under the RNS No: 2358X:

(1) Richard Glass subscribed to 413,999,997 Placing Shares and not to 413,405,304 Placing Shares, as previously announced.

(2) PDRM forms: Aggregated volume(s) of 413,999,997 Ordinary Shares and price of £62,100 instead of 413,405,304 Ordinary Shares and price of £62,010.80 respectively.

For the avoidance of doubt, the total number of the Placing Shares being issued, pursuant to the Placing, is 659,999,997 Placing Shares, remains unchanged and a correction to the associated PDMR form, related to the "Admission of Placing Shares and PDMR" announcement, released on 14 February 2025 at 3.31pm under the RNS No: 2358X, can be found at the end of this announcement.

As stated in the announcement on 14 February 2025, an application has been made to the London Stock Exchange for the 659,999,997 Placing Shares to be admitted to the Official List and to trading on the Main Market of the London Stock Exchange ("Admission") and it is expected that Admission and settlement of the Placing Shares will become effective on or around 19 February 2025. All other details remain unchanged.

The full amended text is shown below:

18 February 2025

Corpus Resources Plc

("Corpus" or the "Company")

Placing

Corpus Resources Plc (LSE: COR), announces that it has raised £99,000, before expenses, through a placing of 659,999,997 new ordinary shares of 0.01p each ("Ordinary Shares") in the Company ("Placing Shares") at a price of 0.015 pence per new Ordinary Share (the "Issue Price") (the "Placing"). The Placing Shares each have an attaching grant of warrants ("Warrants") on a one-for-one basis, exercisable subject to the publication of a prospectus, at a price of 0.05 pence per ordinary share, with the Warrants expiring on the third anniversary of the admission to trading date of the Placing Shares.

The Placing Shares will represent approximately 35 per cent. of the Company's enlarged issued share capital, following the Placing. The Issue Price represents a discount of approximately 33 per cent. to the current mid-market price of 0.0225 pence per Ordinary Share.

The net proceeds of the Placing will be used for working capital and to progress reverse takeover efforts. Further announcements will be made by the Company in due course as appropriate.

Following Admission of the Placing Shares, the Company's issued ordinary share capital will comprise 1,892,973,462 ordinary shares. Therefore, following Admission the total number of ordinary shares with voting rights in the Company will be 1,892,973,462, which 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 Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

The Company is currently unable to admit the entirety of the Placing Shares without either the publication of a prospectus or relying upon an exemption to the requirement to issue a prospectus. Consequently, the Placing involves a subscription by Richard Glass, a director of Corpus, for 413,999,997 Placing Shares in the Company, at the Placing Price being 0.015 pence per ordinary share. Following Admission, Mr Glass has agreed to immediately sell these 413,999,997 Placing Shares, at the Placing Price, to certain investors introduced by Peterhouse.

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