ARKLE RESOURCES PLC

Share Issue/Capital Change • Nov 14, 2022

National Storage Mechanism | Additional information

RNS Number : 2067G

Arkle Resources PLC

14 November 2022

14 November 2022

Arkle Resources PLC

("Arkle" or the "Company")

Placing to Raise £200,000

Arkle Resources (AIM:ARK), the Irish Gold and Zinc resources discovery company, is pleased to announce that it has raised £200,000 (before expenses) through a placing of 50,000,000 new ordinary shares at a price of 0.4p per share (the "Placing Shares") (the "Placing"). Each Placing Share has one warrant attached with the right to subscribe for one new ordinary share at 0.5p for a period of two years.

USE OF FUNDS

The net funds received from the Placing will be used for the anticipated drilling programme for zinc in Limerick at the Stonepark Joint Venture as well as for general corporate activities.

DIRECTOR PARTICIPATION

John Teeling and David Cockbill, both directors of the Company, have participated in the Placing on the same terms as described above as follows:

	No. of Placing Shares subscribed for	Resultant shareholding	% of enlarged share capital
John Teeling	2,500,000	13,375,773	3.38
David Cockbill	2,500,000	7,435,408	1.88

RELATED PARTY TRANSACTION

The participation of John Teeling and David Cockbill in the Placing is a related party transaction for the purposes of AIM Rule 13 of the AIM Rules for Companies. The Director independent of the Placing (being Jim Finn) considers, having consulted with SP Angel Corporate Finance LLP, the Company's Nominated Adviser, that the participation in the Placing by Mr Teeling and Mr Cockbill is fair and reasonable in so far as Arkle's shareholders are concerned.

ADMISSION, WARRANTS AND TOTAL VOTING RIGHTS

An application will be made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings in the Placing Shares on AIM will commence on or around 21 November 2022.

In accordance with the FCA's Disclosure Guidance and Transparency Rules, the Company confirms that on completion of the Placing and following Admission, the Company's enlarged issued ordinary share capital will comprise 395,382,426 Ordinary Shares.

The Company does not hold any Ordinary Shares in Treasury.  Therefore, following Admission, the above figure may be used by shareholders in the Company as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in the Company, under the FCA's Disclosure Guidance and Transparency Rules.

Market Abuse Regulation (MAR) Disclosure

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

ENDS

Enquiries:

Arkle Resources PLC
John Teeling, Chairman	+353 (0) 1 833 2833
Jim Finn, Finance Director	+353 (0) 1 833 2833
SP Angel Corporate Finance LLP Nominated Adviser & Joint Broker
Matthew Johnson/ Adam Cowl	+44 (0) 203 470 0470
First Equity Limited
Joint Broker
Jason Robertson	+44 (0) 207 374 2212
Blytheweigh	+44 (0) 207 138 3204
Megan Ray
Rachael Brooks
Teneo
Luke Hogg	+353 (0) 1 661 4055

Dealings by Persons Discharging Managerial Responsibilities

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

1)    John Teeling

2)    David Cockbill

2

Reason for the notification

a)

Position/status

1)    Chairman

2)    Non-Executive Director

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Arkle Resources plc

b)

LEI

213800CTOO8MOLMNEQ44

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary Shares of €0.0025 each.

Identification code

ISIN: IE00B2357X72

b)

Nature of the transaction

Participation in Placing

c)

Price(s) and volume(s)

Director	Price	Volume
John Teeling	0.4 pence	2,500,000
David Cockbill	0.4 pence	2,500,000

d)

Aggregated information

- Aggregated volume

5,000,000

- Price

0.4 pence

e)

Date of the transaction

14 November 2022

f)

Place of the transaction

Off-market

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

3)    John Teeling

4)    David Cockbill

2

Reason for the notification

a)

Position/status

3)    Chairman

4)    Non-Executive Director

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Arkle Resources plc

b)

LEI

213800CTOO8MOLMNEQ44

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary Shares of €0.0025 each.

Identification code

ISIN: IE00B2357X72

b)

Nature of the transaction

Granting of warrants

c)

Price(s) and volume(s)

Director	Price	Volume
John Teeling	0.5 pence	2,500,000
David Cockbill	0.5 pence	2,500,000

d)

Aggregated information

- Aggregated volume

5,000,000

- Price

0.5 pence

e)

Date of the transaction

14 November 2022

f)

Place of the transaction

Off-market

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END

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