REG - Beowulf Mining PLC - Update on Consolidation of Vardar Minerals Limited

Beowulf MiningAnnouncement

15/03/2024 07:00

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RNS Number : 9648G  Beowulf Mining PLC  15 March 2024

 

 

 

15 March 2024

Beowulf Mining plc

("Beowulf" or the "Company")

Update on Consolidation of Vardar Minerals Limited

 

Beowulf (AIM: BEM; Spotlight: BEO) announces that the planned consolidation of
100 per cent ownership of Vardar Minerals Limited ("Vardar") which, as
announced on 4 March 2024 had been expected to complete on 15 March 2024, has
been delayed due to an administrative issue and is now expected to take
approximately two additional weeks. The Company will update the market on
completion of the transaction.

 

 

Enquiries:

 

Beowulf Mining plc

Ed Bowie, Chief Executive Officer
ed.bowie@beowulfmining.com

 

SP Angel

(Nominated Adviser & Joint Broker)

Ewan Leggat / Stuart Gledhill / Adam Cowl         Tel: +44 (0) 20 3470
0470

 

Alternative Resource Capital

(Joint Broker)

Alex
Wood
            Tel: +44 (0) 20 7186 9004

 

BlytheRay

Tim Blythe / Megan Ray
                        Tel: +44 (0) 20 7138 3204

 

 

Cautionary Statement

Statements and assumptions made in this document with respect to the Company's
current plans, estimates, strategies and beliefs, and other statements that
are not historical facts, are forward-looking statements about the future
performance of Beowulf. Forward-looking statements include, but are not
limited to, those using words such as "may", "might", "seeks", "expects",
"anticipates", "estimates", "believes", "projects", "plans", strategy",
"forecast" and similar expressions. These statements reflect management's
expectations and assumptions in light of currently available information. They
are subject to a number of risks and uncertainties, including, but not limited
to , (i) changes in the economic, regulatory and political environments in the
countries where Beowulf operates; (ii) changes relating to the geological
information available in respect of the various projects undertaken; (iii)
Beowulf's continued ability to secure enough financing to carry on its
operations as a going concern; (iv) the success of its potential joint
ventures and alliances, if any; (v) metal prices, particularly as regards iron
ore. In the light of the many risks and uncertainties surrounding any mineral
project at an early stage of its development, the actual results could differ
materially from those presented and forecast in this document. Beowulf assumes
no unconditional obligation to immediately update any such statements and/or
forecast.

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