Fundraising

B"H

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

31 October 2018

Shefa Yamim (A.T.M.) Ltd

("Shefa Yamim" or the "Company")

Cash Subscription of £250,000

Shefa Yamim (LSE: SEFA), a precious stone exploration company in Northern Israel, announces that it has raised approximately £250,000 cash (before expenses) through the subscription by new and existing investors (the "Subscription") of 312,500 new ordinary shares ("Subscription Shares") at a placing price of 80p per ordinary share (the "Subscription Price").

Pursuant to the Subscription, the Company will issue to the holders of the Subscription Shares one warrant to subscribe for one new Ordinary Share for every Subscription Share subscribed for by them with an exercise price of 100p (the "Warrants"), exercisable for a period of eighteen months from the date of the admission to trading ("Admission") of the Subscription Shares. The Subscription is conditional only on Admission.

The net proceeds of the Subscription will be used by Shefa Yamim to advance its project in Zone 1 of the Kishon Mid-Reach Area towards trial mining, make progress with bulk sampling in Zone 2 of the Kishon Mid-Reach Area and for working capital purposes.

As announced in July 2018, Shefa Yamim appointed Paradigm Project Management (Pty) Ltd ("PPM"), to conduct a Technical Economic Evaluation ("TEE") of its advanced alluvial exploration target, the Kishon Mid-Reach Zone 1. The TEE report is progressing and along with the work currently being done by world renowned jewellery designer Yossi Harari, the Company is at an advanced stage of building the economic profile as the Company progresses towards trial mining.

Voting Rights

Application will be made for the 312,500 Subscription Shares to be listed on the Standard Listing segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's main market for listed securities. Admission is expected to become effective at 8.00 a.m. on 6 November 2018. The New Ordinary Shares will rank pari passu in all respects with the Company's existing ordinary shares.

Following Admission, the total issued share capital will consist of 14,236,426 Ordinary Shares. As such, the total number of voting rights in the Company will be 14,236,426 Ordinary Shares. This number 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. 

Enquiries

Notes to Editors

About Shefa Yamim (A.T.M.)

Shefa Yamim is a multi-commodity precious stone exploration and prospecting Company in Northern Israel. It has two flagship projects, Mount Carmel (volcanic primary bedrock sources of gemstone and industrial minerals) and the Kishon Mid Reach (secondary alluvial placer deposits hosting the gemstone and industrial minerals derived from primary bodies).

After 18 years of exploration in a "greenfields" terrain, Shefa Yamim established a "Source to Sink" geological model and the presence of a Target Mineral Assemblage ("TMA") in both primary volcanic sources and in secondary alluvial deposits lying within the Kishon catchment, on Mount Carmel and in the Ramot Menashe area.

The TMA comprises gemstones and industrial minerals. The gemstones collectively make up the "Gem Box" suite, comprised of diamond (rare and small macro-diamond to microdiamond sizes), natural moissanite (that is rare globally), sapphire, ruby, Carmel Sapphire™ (a new sapphire type found, to date, only in northern Israel), hibonite (another rare gem), garnet, ilmenite and spinel. The heavy industrial minerals constitute the "HIM" suite hosting zircon (which may be gem grade at larger sizes) and rutile.

www.shefayamim.com