Blencowe Resources PLC
FINPROM Findings
2“Our recent high-margin purified graphite offtake deals with international buyers mark a major commercial milestone...move forward to develop Orom-Cross as a globally significant graphite project...We look forward to updating shareholders on further developments, including drilling results, resource upgrades, DFS result”
Executive Chairman quote uses promotional language ('major commercial milestone', 'globally significant') alongside forward-looking promises of multiple upcoming catalysts, presented in a fundraise announcement that precedes a retail offer.
“Retail Offer opens 15/04/2025, 16:40...Latest time and date for commitments under the Retail Offer 16/04/2025, 07:40”
The retail offer window is extremely compressed -- opening at 4:40 PM and closing at 7:40 AM the following morning, giving retail investors fewer than 15 hours to assess the investment. This compressed timeline may pressure hasty decision-making.
RNS Announcements
2Fundraise of £1m to support completion of the DFS
the Company's broker. Use of Proceeds The net proceeds of the Placing will primarily be used to complete the 6,750m drilling programme and advance the final stages of the Definitive Feasibility Study ("DFS") for the Orom-Cross graphite project as well as to provide general working capital to support operations during this pivotal period leading up to DFS completion. The Company remains in active discussions with strategic funding partners, including the US International Development Finance Corporation ("DFC") and African Finance Corporation ("AFC"). These discussions form part of a broad…
Retail Offer to Raise up to £100,000
THIS ANNOUNCEMENT. THE COMMUNICATION OF THIS ANNOUNCEMENT AND ANY OTHER DOCUMENTS OR MATERIALS RELATING TO THE RETAIL OFFER AS A FINANCIAL PROMOTION IS ONLY BEING MADE TO, AND MAY ONLY BE ACTED UPON BY, THOSE PERSONS IN THE UNITED KINGDOM FALLING WITHIN ARTICLE 43 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005, AS AMENDED (WHICH INCLUDES AN EXISTING MEMBER OF BLENCOWE RESOURCES PLC). ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO SUCH PERSONS AND WILL BE ENGAGED IN ONLY BY SUCH PERSONS. THIS ANNOUNCEMENT IS FOR I…
LinkedIn Activity
1Blencowe Resources ran multiple BookBuild retail offers: (1) Nov 2024 - £195k retail offer via BookBuild alongside a £1.5m raise (£1m placing via Tavira Financial + £500k management subscription), retail window open 7:05am-5:00pm on 06/11/2024; (2) Apr 2025 - £100k retail offer via BookBuild at 3p/share, window open 4:40pm on 15/04/2025 to 7:40am on 16/04/2025 (approximately 15 hours). Alan Green posted on LinkedIn about BRES graphite developments. Company also announced a US$500k subscription with an African investor plus conditional US$3.15m subscription at 5p (premium to market).
Alan Green LinkedIn post: linkedin.com/posts/alangreenbranduk_bres-blencowe-resources-graphite-sales-activity-6877157754549665792. The 15-hour retail window (4:40pm to 7:40am) for the Apr 2025 BookBuild is confirmed by RNS data cross-referenced with LinkedIn company page content.
Board of Directors
5| Name | Role | Appointed | Status |
|---|---|---|---|
| Alexander Ross Passmore | Non Executive Director | 2018-05-18 | active |
| Cameron William Leslie Pearce | Executive Chairman | 2017-11-13 | active |
| Fim Secretaries Iom Limited | Director | 2024-11-01 | active |
| Mike Ralston | CEO | — | active |
| Sam Delevan Quinn | Non Executive Director | 2017-11-13 | active |