Oscillate PLC, a company focused on building an independent copper and future metals developer, has announced that further to the announcement on 9 February 2026 of the conditional acquisition of Kalahari Copper, it has now published its AIM Admission Document and has conditionally completed an equity fundraising of £2.9 million by way of a placing and subscription of a total of 12,997,761 new ordinary shares of £0.005 each in the capital of the Company subject to a 50 for 1 share consolidation at a price of 22.5 pence per Fundraising Share.
In addition, as it moves to its next phase of growth and in conjunction with the Fundraising, the Company is applying for its new ordinary shares of £0.005 each in the capital of the Company to be admitted to trading on AIM and, at the same time, the admission of the existing ordinary shares of £0.0001 each to the Aquis Growth Market will be withdrawn.
The Acquisition, Fundraising and the Admission are conditional upon certain resolutions being passed at a General Meeting of the Company to be convened for 10:00 am on 24 April 2026. The Company has published a Multilateral Trading Facility admission prospectus in compliance with the requirements of the London Stock Exchange which has been issued in connection with the proposed admission of the Company’s New Ordinary Shares to trading on AIM. The AIM Admission Document has not been prepared in accordance with the rules of the FCA for Admission to Trading on a Regulated Market and its contents have not been approved by the FCA. The AIM Admission Document will not be filed with or approved by the FCA or any other government or regulatory authority in the UK. The AIM Admission Document includes a notice convening the General Meeting of the Company. Cancellation of the trading of the Ordinary Shares on the Aquis Growth Market will take place simultaneously with Admission, with cancellation expected at the close of business on [24] April 2026.
Highlights
- The proposed acquisition of Kalahari Copper will establish the Company as a large landholder in two emerging copper belts, subject to licence renewal: the Kaoko Basin in Namibia and the Kalahari Copper Belt in Botswana, both of which are under-explored in comparison to their prospectivity.
- Fundraising to raise £2.9 million gross through the issue of 12,997,761 Fundraising Shares at 22.5 pence per Fundraising Share.
- Net proceeds of the Fundraising will allow for the advancement of the Company’s proposed exploration assets in Namibia and Botswana.
- Proposed appointment of Andrew Benitz as a Non-Executive Director upon Admission.
- Proposed change of name to Serval Resources Plc.
- Proposed consolidation of the Company’s issued share capital by 50:1.
- Admission to AIM is expected to occur on or around 8.00 am on 27 April 2026.
CEO Robin Birchall commented:
"This is a transformational transaction which will establish the Company with a large position within two highly prospective, under-explored and emerging copper belts in Namibia and Botswana, as well as the potential upside from the Duékoué project in Côte d’Ivoire. We are delighted to have achieved funding support and to progress with our proposed admission to trading on the AIM Market. Oscillate PLC through its Serval Resources brand is now primed for the next phase of the Company’s evolution to deliver on its strategy to become a mid-cap copper and future-metals exploration and development group.”
