REG - Ascent Resources PLC Amur Minerals Corp - Discussions with Amur Minerals Corporation

Amur MineralsAnnouncement

08/08/2023 08:00

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RNS Number : 6293I  Ascent Resources PLC  08 August 2023

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 (MAR), and is disclosed
in accordance with the Company's obligations under Article 17 of MAR.

 

 

8 August 2023

                Ascent Resources plc

Discussions with Amur Minerals Corporation

 

Ascent Resources Plc ("Ascent" or, the "Company"), the European and Latin
American focused natural resources company, notes Amur Minerals Corporation
("Amur") announcement this morning, regarding the cessations of discussions
regarding the non-binding indicative proposal of a possible share offer for
the entire issued and to be issued share capital of Amur by Ascent. Ascent is
surprised and disappointed with this announcement given the last communication
between the parties was three weeks ago with Ascent confirming its forward
process and timetables to achieve the possible combination, following which
Ascent has been waiting for the Amur board to engage further on the proposal.
Given that Ascent is expecting imminently the result of its €3.5M+
arbitration claim against its JV partner in Slovenia, Ascent still believes
that a combination of the two companies would be in the interest of both
shareholder groups. Accordingly, Ascent is exploring the possibility to put
forward a binding offer to the shareholders for the the issued and to be
issued share capital of Amur.

 

Enquiries:

 Ascent Resources plc                            Via Vigo Communications

 Andrew Dennan
 WH Ireland, Nominated Adviser & Broker          0207 220 1666

 James Joyce / Sarah Mather
 Novum Securities, Joint Broker                  0207 399 9400

 Jon Belliss

 

Important notices

 

WH Ireland Limited, which is regulated by the Financial Conduct Authority in
the United Kingdom, is acting exclusively for Ascent Resources Plc and no one
else in connection with the matters referred to in this announcement and will
not be responsible to anyone other than Ascent Resources Plc for providing the
protections afforded to clients of WH Ireland, or for providing advice in
relation to the matters referred to in this announcement.

 

 

 

 

 

 

 

 

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