REG - Atalaya Mining PLC - Application to Cease to be a Reporting Issuer

Atalaya MiningAnnouncement

30/05/2023 07:15

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RNS Number : 8940A  Atalaya Mining PLC  30 May 2023

Atalaya Mining Plc

1 Lampousas Street

1095 Nicosia, Cyprus

Tel: +357 22442705

Fax: +357 22442708

www.atalayamining.com

 

30 May 2023

Atalaya Mining Plc.

("Atalaya" or "the Company")

Application to Cease to be a Reporting Issuer in Canada

 

Atalaya Mining plc (AIM: ATYM) announces that it has applied to the Ontario
Securities Commission for a decision under the securities legislation of
Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, New Brunswick,
Nova Scotia, Prince Edward Island and Newfoundland and Labrador (the "Canadian
Jurisdictions") that it cease being a reporting issuer in Canada (the
"Decision"). This application follows the Company's voluntary delisting of its
ordinary shares from the Toronto Stock Exchange ("TSX") on 20 March 2023.

If the Decision is granted, the Company will no longer be a reporting issuer
in any of the Canadian Jurisdictions, meaning it will no longer be subject to
Canadian reporting requirements and will no longer be required to file
financial statements and other continuous disclosure documents in the Canadian
Jurisdictions.

If the Decision is granted and Atalaya ceases to be a reporting issuer in
Canada, the Company will continue to file all financial statements and other
continuous disclosure materials required in accordance with the AIM Rules for
Companies, as amended from time to time and published by London Stock Exchange
plc (the "AIM Rules"). All such continuous disclosure documents of the Company
are publicly available to all securityholders of Atalaya at
https://www.atalayamining.com (https://www.atalayamining.com) and the
Company's securityholders residing in Canada will continue to receive copies
of the continuous disclosure documents that are required to be delivered to
securityholders pursuant to the AIM Rules and the constitutional documents of
Atalaya, in the manner and at the time as is required under the applicable
company law of Cyprus and the applicable securities laws of the United Kingdom
and the AIM Rules.

Furthermore, if the decision is granted, the disclosure available to
Canadian-resident securityholders will be substantially the same as the
continuous disclosure to which such securityholders currently have access,
given that Atalaya currently qualifies as a "designated foreign issuer" under
National Instrument 71-102 - Continuous Disclosure and Other Exemptions
Relating to Foreign Issuers.

 

Contacts:

 SEC Newgate UK             Elisabeth Cowell / Tom Carnegie / Matthew Elliott         + 44 20 3757 6882
 4C Communications          Carina Corbett                                            +44 20 3170 7973
 Canaccord Genuity          Henry Fitzgerald-O'Connor / James Asensio / Thomas Diehl  +44 20 7523 8000

 (NOMAD and Joint Broker)
 BMO Capital Markets        Tom Rider / Andrew Cameron                                +44 20 7236 1010

 (Joint Broker)
 Peel Hunt LLP              Ross Allister / David McKeown                             +44 20 7418 8900

 (Joint Broker)

 

 

About Atalaya Mining Plc

Atalaya is an AIM-listed mining and development group which produces copper
concentrates and silver by-product at its wholly owned Proyecto Riotinto site
in southwest Spain. Atalaya's current operations include the Cerro Colorado
open pit mine and a modern 15 Mtpa processing plant, which has the potential
to become a centralised processing hub for ore sourced from its wholly owned
regional projects around Riotinto that include Proyecto Masa Valverde and
Proyecto Riotinto East. In addition, the Group has a phased earn-in agreement
for up to 80% ownership of Proyecto Touro, a brownfield copper project in the
northwest of Spain, as well as a 99.9% interest in Proyecto Ossa Morena. For
further information, visit www.atalayamining.com

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