REG - Argos Resources Ltd - Completion of Disposal of PL001 Licence Interests

Argos ResourcesAnnouncement

22/09/2023 13:15

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RNS Number : 4065N  Argos Resources Ltd  22 September 2023

 

 

ARGOS RESOURCES LIMITED

("Argos" or "the Company")

 

Completion of Disposal of PL001 Licence Interests

Argos Resources Limited (AIM: ARG.L) provides the following update on the
Company's proposed disposal of its PL001 Production Licence interests in the
North Falkland Basin (the "Licence") to JHI Associates Inc. and cancellation
of the admission of the Company's shares to trading on AIM ("Cancellation").

The Company is pleased to confirm that following receipt of the Falkland
Islands Government's consent to the transfer of the Licence, the sale and
transfer of the Licence (and related interests) has now completed in
accordance with the terms of the licence acquisition agreement.

As previously notified, shareholder approval for the proposed winding up of
the Company and the appointment of joint liquidators will be sought at the
general meeting of the Company ("GM") to be held at Argos House, H Jones Road,
Stanley, Falkland Islands at 5pm on 22 September 2023, Falkland Islands time
(9pm, UK time).

Subject to the passing of the resolutions proposed at the GM, the Company will
go into members voluntary liquidation ("Liquidation") immediately following
the GM, as part of the planned process to enable a distribution of surplus
assets to shareholders.

Assuming the Liquidation proceeds on 22 September 2023, the Cancellation will
be processed and the admission of the Company's shares to trading on AIM will
be cancelled with effect from 7am on 26 September 2023.

As the GM and proposed Liquidation will take place after market hours in the
UK, the Company will provide further updates on the above matters at 7am on 25
September 2023.

For further information:

Argos Resources Limited (+500 22685)

www.argosresources.com

Ian Thomson, Chairman

John Hogan, Managing Director

 

Cavendish Securities PLC

Neil McDonald (+44 131 220 6939)

Derrick Lee (+44 131 220 9100)

 

 

 

 

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