29 aug 25   corcel plc - completion of fundraise corcel plc | crcl | 0.4 0 0.0% | mkt cap: 24.6m    rns number : 1359x corcel plc 29 august 2025     corcel plc ("corcel" or the "company")   completion of fundraise   29 august 2025   corcel plc (london aim: crcl), the angola-brazil-focused energy company, announces that, following the fundraise first announced on 15 july 2025 and the 5 august 2025 general meeting, all funds have now been received and the fundraise has been completed. the new admission date for the shares will be 1 september 2025.   for further information, please contact:   scott gilbert                                                                             corcel plc, ceo & director development@corcelplc.com                                                                              james joyce / james bavister / andrew de andrade    zeus capital ltd, nomad & broker 020 3829 5000                                                                                               jonathan wright / rupert holdsworth hunt                              auctus advisors llp, joint broker 07711 627449   patrick d'ancona                                                                      vigo consulting limited, ir 0207 3900 230                                                                             about corcel corcel has a notable oil and gas portfolio in onshore angola that includes brownfield redevelopment opportunities and significant exploration upside. corcel marked a new country entry into brazil through the option to acquire rights to producing gas and exploration assets, further diversifying its portfolio and enhancing its growth potential.   corcel's angola portfolio consists of interests in three licenses:   ·      kon - 16 upon completion: operated - 80% working interest - 71.5% net to crcl ·      kon - 11 non-operated - 20% working interest - 18% net to crcl ·      kon - 12 non-operated - 25% working interest - 22.5% net to crcl   corcel's brazil portfolio consists of the option to acquire:   ·      20% interest in the irai gas field ·      right-of-first refusal ("rofr") over the remaining 80% in the irai field ·      rofr for 100% of the adjacent tuc-t-172 exploration block, located in the state of bahia, onshore brazil   corcel's battery metals portfolio consists of an 80% working interest in the mt weld rare earth elements project in western australia.   this information is provided by rns, the news service of the london stock exchange. rns is approved by the financial conduct authority to act as a primary information provider in the united kingdom. terms and conditions relating to the use and distribution of this information may apply. for further information, please contact rns@lseg.com or visit www.rns.com.  rns may use your ip address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. for further information about how rns and the london stock exchange use the personal data you provide us, please see our privacy policy.   end   ioesemfuaeisela return to news summary

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