Announcement • Jan 27
Ajax Resources Plc has filed a Follow-on Equity Offering in the amount of £1 million. Ajax Resources Plc has filed a Follow-on Equity Offering in the amount of £1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 12,500,000
Price\Range: £0.08
Transaction Features: Subsequent Direct Listing Announcement • Dec 17
Ajax Resources Plc has completed a Follow-on Equity Offering in the amount of £1 million. Ajax Resources Plc has completed a Follow-on Equity Offering in the amount of £1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 6,181,818
Price\Range: £0.055
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,090,909
Price\Range: £0.055
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,909,091
Price\Range: £0.055 Announcement • Dec 12
Ajax Resources Plc (OFEX:AJAX) signed a letter of intent to acquire Pereira Velho Gold Project from Appian Capital Advisory LLP. Ajax Resources Plc (OFEX:AJAX) signed a letter of intent to acquire Pereira Velho Gold Project from Appian Capital Advisory LLP on December 11, 2025. Ajax will acquire 100% of Pereira Velho Gold Project for a total consideration of up $2.1 million not subject to adjustment, comprising an upfront payment at Completion together with additional milestone-linked consideration.$0.2 million in cash at Completion; $0.4 million set off against the Seller's obligation to subscribe for new Ordinary Shares under the Fundraise, with such Ordinary Shares to be issued upon Completion ; $1.5 million satisfied through the issue of new Ordinary Shares calculated using the previous 10-trading day VWAP following publication of a JORC-compliant resource statement outlining a measured, indicated and inferred resource of not less than 350,000 ounces of gold at a 0.20 g/t Au cut-off grade. A 2.5% Net Smelter Retun royalty, payable after any two consecutive fiscal quarters with an average LBMA Gold Price PM above $2,500/oz. The Company may repurchase the NSR for $1.5 million within three years of commencement of production. All new Ordinary Shares issued to the Seller will rank pari passu with existing Ordinary Shares. These Ordinary Shares will be allotted at completion of the Proposed Acquisition, and the subscription amount will be offset against the Consideration payable in connection with the Proposed Acquisition. The Company intends to undertake a fundraise to raise up to £1 million in gross proceeds through the issue of new Ordinary Shares. The issue price for the new Ordinary Shares under the fundraise will also be applied to Appian's subscription. Proceeds from the Fundraise will be applied to advance the Pereira Velho Project, progress other acquisition opportunities under review by the Company, and provide additional general working capital.
The parties will negotiate in good faith to sign and exchange the Share purchase agreement on or before January 16, 2026 and complete the transaction on or before January 30, 2026. 
