Corcel PLC Settlement Updates (8083E)

TIDMCRCL

RNS Number : 8083E

Corcel PLC

03 July 2023

Corcel PLC

("Corcel" or the "Company")

Settlement Updates

03 July 2023

Corcel Plc (London AIM: CRCL), the pan Angolan / Brazilian Oil and Gas company, with interests across battery metals mining and oil and gas, announces an update to the settlement of its previously announced fundraisings.

The Company confirms that, further to the fundraising announced on 28 March 2023, it has received GBP600,000 in cash to date, and it has now seen proof of funds having been sent for the final GBP455,515 tranche of this placing, and is now awaiting funds to be received in the UK, which is expected imminently.

The Company also confirms that, further to the fundraising announced on 24 May 2023, it has received GBP146,175 in cash to date, and it has now seen proof of funds having been sent for the GBP80,783 subscription currently due, and is now awaiting funds to be received in the UK, which is also expected imminently.

For further information, please contact:

James Parsons Corcel Plc CEO

Development@Corcelplc.com

   James Joyce / James Bavister /Andrew de Andrade                      WH Ireland Ltd NOMAD & Broker

0207 220 1666

   Patrick d'Ancona                                                                               Vigo Communications IR

0207 3900 230

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July 03, 2023 11:35 ET (15:35 GMT)

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