
17 September 2026
SUNRISE RESOURCES plc
(“Sunrise” or the “Company”)
Fundraising and Restoration of Trading
Director/PDMR Holdings
Further to its announcement of 9 September 2026, when the Company entered a Capital Access Window trading halt, Sunrise Resources plc (AIM: SRES), wishes to announce that it has conditionally raised £320,000 before expenses (“the Placing”) through the issue of 2,133,333,330 new Ordinary Shares of 0.001p each (the "Placing Shares”) at the price of 0.015 pence per Placing Share (the “Placing Price”).
The issue of the Placing Shares is conditional only on their admission to trading on AIM (“Admission”).
The Placing was arranged through the Company’s broker, AlbR Capital Limited (“AlbR”).
Each Placing Share will be issued with one warrant (the “Placing Warrants”) which will entitle the holder to apply for one new Ordinary Share in the capital of the Company at a price of 0.0175 pence per share at any time within 12 months from the date of issue. Should the average closing mid-market price of the Company's Ordinary Shares on AIM be equal to or greater than 0.0225 pence for five consecutive trading days from the date of issue of the Placing Warrants, the Company has the option to serve notice on the warrant holders to exercise the Placing Warrants and any Placing Warrants remaining unexercised after seven calendar days following the issue of such notice will be cancelled.
The issue of the Placing Shares is subject to Shareholder approval and a Shareholder Circular and a Notice of General Meeting will be issued in due course.
Following this announcement, the Capital Access Window has now closed and trading in the Company's Ordinary Shares on AIM will resume at 7:30 a.m. on 17 September 2026.
Directors Participation
Mr Patrick Cheetham, Executive Chairman of the Company, and Mr Adam Hainsworth, a non-executive director of the Company, have participated in the Placing and have subscribed £15,000 for 100,000,000 Placing Shares and £20,000 for 133,333,333 Placing Shares respectively. Their interests in the capital of the Company following Admission is as shown in the following table:
|
Director |
Number of Placing and Additional Shares |
Total interest in Ordinary Shares Following Admission |
% of Company's issued share capital following Admission |
|
Patrick Cheetham |
100,000,000 |
992,995,526 |
8.63% |
|
Adam Hainsworth |
133,333,333 |
665,529,265 |
5.78% |
Broker Warrants
Under the terms of its engagement dated 1 October 2025, AlbR will be issued with 106,666,667 warrants (the “Broker Warrants”), each Broker Warrant entitling the holder to apply for one new Ordinary Share at the Placing Price at any time within 12 months from the date of Admission.
Use of Proceeds
The net funds raised pursuant to the Placing will be applied to general working capital and to advance the Company’s preparatory work for drill testing of various gold and base metal projects held in Nevada, USA and Australia. This includes geophysical exploration at the Reese Ridge and Lake projects in Nevada, USA.
Admission
Application is being made for the Placing Shares, which will rank pari passu with all existing Ordinary Shares, to be admitted to trading on AIM and Admission is expected to occur on or around 23 September 2026.
Total Voting Rights
For the purposes of the Disclosure and Transparency Rules of the Financial Conduct Authority, the Board of Sunrise hereby notifies the market that further to Admission of the Placing Shares, the Company's issued share capital will consist of 11,508,466,366 Ordinary Shares with a nominal value of 0.001p each, with voting rights ("Ordinary Shares"). The Company does not hold any Ordinary Shares in Treasury. Therefore, the total number of Ordinary Shares in the Company with voting rights will be 11,508,466,366 This figure may be used by shareholders in the Company as denominator for the calculations by which they may determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
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Sunrise Resources plc Patrick Cheetham, Executive Chairman |
Tel: +44 (0)1625 838 884 |
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Beaumont Cornish Limited Nominated Adviser James Biddle/Roland Cornish |
Tel: +44 (0)207 628 3396 |
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AlbR Capital Limited Broker Lucy Williams/Duncan Vasey
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Tel: +44 (0)207 469 0930
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Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 which forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (‘MAR’). Upon the publication of this announcement via Regulatory Information Service (‘RIS’), this inside information is now considered to be in the public domain.
Nominated Adviser
Beaumont Cornish Limited (“Beaumont Cornish”) is the Company’s Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish’s responsibilities as the Company’s Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM.
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Detailsofthepersondischargingmanagerialresponsibilities I person closely associated |
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a) |
Name |
Patrick Cheetham |
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2 |
Reason for the notification |
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a) |
Position/status |
Executive Chairman |
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b) |
Initial notification /Amendment |
Initial notification |
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3 |
Detailsoftheissuer,emissionallowancemarketparticipant, auctionplatform, auctioneer or auction monitor |
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a) |
Name |
Sunrise Resources plc |
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b) |
LEI |
213800MGDOE974QHPZ44
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4 |
Details of the transaction(s): section to be repeatedfor (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a) |
Description of the financialinstrument, type of instrument
|
Ordinary Shares of 0.001 pence each |
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Identification code |
GB00B075Z681
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b) |
Nature of the transaction |
Subscription for shares in Placing. |
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c) |
Price(s) and volume(s) |
Participation in Placing
|
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|
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d) |
Aggregated information - Aggregated volume - Price
|
N/A (Single transaction)
|
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e) |
Date of the transaction |
17 September 2026 07:00 GMT
|
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f) |
Place of the transaction |
Outside a trading venue (XOFF)
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1 |
Detailsofthepersondischargingmanagerialresponsibilities I person closely associated |
|||||
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a) |
Name |
Adam Hainsworth |
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|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Non-executive Director |
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b) |
Initial notification /Amendment |
Initial notification |
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3 |
Detailsoftheissuer,emissionallowancemarketparticipant, auctionplatform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Sunrise Resources plc |
||||
|
b) |
LEI |
213800MGDOE974QHPZ44
|
||||
|
4 |
Details of the transaction(s): section to be repeatedfor (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 financialinstrument, type of instrument
|
Ordinary Shares of 0.001 pence each |
||||
|
Identification code |
GB00B075Z681
|
|||||
|
b) |
Nature of the transaction |
Subscription for shares in Placing |
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c) |
Price(s) and volume(s) |
Participation in Placing
|
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|
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d) |
Aggregated information - Aggregated volume - Price
|
N/A – Single transaction
|
||||
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e) |
Date of the transaction |
17 September 2026 07:00 GMT
|
||||
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f) |
Place of the transaction |
Outside a trading venue (XOFF)
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