REG - Citius Resources PLC - Appointment of Joint Broker

Citius ResourcesAnnouncement

07/04/2022 10:45

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RNS Number : 6547H  Citius Resources PLC  07 April 2022

07 April 2022

 

 

Citius Resources Plc

 

("Citius" or the "Company")

 

Appointment of Joint Broker

 

Citius Resources Plc (LSE: CRES), an investment company seeking to acquire a
company or project in precious and/or base metals is pleased to announce the
appointment of Shard Capital Partners ("Shard") as joint broker to the
Company. As Citius gets closer to an  investment decision it is pleased to
now have Shard on board as joint broker which represents a strong endorsement
for the company's plans moving forward.

 

 

Cameron Pearce, Executive Director commented:

 

"I am delighted to announce the appointment of Shard Capital as Citius'
joint-broker, especially as we get closer to our inaugural investment decision
which we would expect to provide a further update on in the very near future."

 

 

About Citius

 

Citius Resources Plc was incorporated in England and Wales on 15 April 2020
and was formed to undertake the acquisition of a target company or business
(the "Acquisition").

 

Following completion of an Acquisition, the objective of the Company will be
to operate the acquired business and implement an operating strategy with a
view to generating value for its Shareholders through operational improvements
as well as potentially through additional complementary acquisitions following
the Acquisition. Following the Acquisition, the Company intends to seek
re‐admission of the enlarged group to listing on the Official List and
trading on the London Stock Exchange or admission to another stock exchange.

 

The Company's efforts in identifying a prospective target company or business
will not be limited to a particular industry or geographic region. However,
given the experience of the Directors, the Company expects to focus on
acquiring an exploration or production company or business in the precious and
base metals sector with either all or a substantial portion of its operations
in Europe, Africa, and the Middle East.

 

When assessing a potential Acquisition, the Board will pay particular
attention to the following overriding factors:

•           the existence of production and/or potential
production which will over time provide cash flow for the business;

•           strong exploration potential in known precious and
base metals producing areas;

•           the quality of the management; and

•           an established track record of developing precious and
base metals assets.

 

Dealing Codes

 

 ISIN                                                                                                                                          GB00BMGRFP88

 SEDOL                                                                                                                                         BMGRFP8
 LEI                                                                                                                                           213800TNHZ0A4JIZK687
 TIDM                                                                                                                                          CRES

 

 

 

 

 

 Contact details:

 Citius Resources Plc

 Cameron Pearce             Tel: +44 (0)1624 681 250

                            cp@pangaeaenergy.co.uk
 Tavira Securities Limited

 Jonathan Evans             Tel: +44 (0)20 7100  5100

                            jonathan.evans@tavirasecurities.com
 Shard Capital Partners

 Damon Heath                Tel: +44 (0)20 7186 9927

                            damon.heath@shardcapital.com

 

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