March 9 (Reuters) - New Energy Metals Corp ENRG.V :
* NEOA INTENDS TO RAISE UP TO £175 MILLION THROUGH AN OFFERING AND SUBSCRIPTION FOR ORDINARY SHARE CAPITAL IN CONNECTION WITH ADMISSION.
* NEOA HAS BEEN FORMED FOR PURPOSE OF EFFECTING A BUSINESS COMBINATION WITH TARGETS THAT ARE POSITIONED TO PARTICIPATE IN OR BENEFIT FROM GLOBAL TRANSITION TOWARDS A LOW CARBON ECONOMY
* NEOA IS SPONSORED BY LIVESTREAM LLC AND ENI INTERNATIONAL B.V. ("ENI"), A WHOLLY OWNED SUBSIDIARY OF ENI S.P.A.
* ENI WILL SUBSCRIBE FOR at least 10% of NEOA's ordinary share capital (which may increase to up to £25 million) and 25% of the sponsor capital
* JOINT GLOBAL COORDINATORS AND BOOKRUNNERS FOR TRANSACTION ARE J.P. MORGAN SECURITIES PLC AND MERRILL LYNCH INTERNATIONAL.
Source text for Eikon: ID:nRSI1619Ea Further company coverage: ENRG.V
(Reporting By Sinead Cruise)