First Class Metals - Repayment of Loan and Share Placing

First Class Metals PLC is pleased to announce the completion of the repayment of a loan and a share placing, alongside the appointment of new directors. The company has issued new shares to settle the outstanding loan to director James Knowles and plans to admit these shares for trading. The private placing of 9,500,000 shares at a price of 2.7 pence per share has raised gross proceeds of £256,500, with the aim of funding further exploration activities to enhance company value.<br/><br/>The Company is focused on metal exploration in Ontario, Canada, with key projects in the Hemlo 'camp' and other core areas. The recent capital raise will enable the company to continue development efforts in exploration, including expanding activities on the Dead Otter Trend North, Hemlo, and conducting exploration activities on other core projects. The funds will also support general working capital purposes.<br/><br/>For further information or questions regarding this announcement, please feel free to reach out to the executive team at First Class Metals PLC. We thank our investors for their continued support and look forward to updating you on our progress.