REG - Atalaya Mining PLC - Shareholder Update

Atalaya MiningAnnouncement

07/04/2022 07:00

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RNS Number : 5539H  Atalaya Mining PLC  07 April 2022

7 April 2022

Atalaya Mining Plc.

("Atalaya" or "the Company")

Shareholder Update

 

Atalaya Mining Plc (AIM: ATYM, TSX: AYM) notes the announcement on 1 April
2022 by ICBC Standard Bank Plc ("ICBCS") confirming the sale of the entire
holding of Yanggu Xiangguang Copper Co. Ltd ("XGC") (via its subsidiary, Hong
Kong Xiangguang International Holdings Ltd), in Atalaya. The Company therefore
understands that XGC has ceased to be a shareholder.

Under the terms of the original investment agreement dated 28 May 2015 between
XGC and the Company, XGC were entitled to appoint a non-executive director
should XGC's shareholding be equal to or greater than 10% of the total issued
share capital of the Company. Based on this information, the Company confirms
XGC's board nomination rights under the agreement are no longer in place.

Contacts:

 SEC Newgate UK             Elisabeth Cowell / Axaule Shukanayeva / Max Richardson  + 44 20 3757 6882
 4C Communications          Carina Corbett                                          +44 20 3170 7973
 Canaccord Genuity          Henry Fitzgerald-O'Connor / James Asensio               +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 and TSX-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. For further information, visit
www.atalayamining.com (http://www.atalayamining.com)

 

 

 

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