REG - Berkeley Energia - Notice of AGM <Origin Href="QuoteRef">BKY.AX</Origin>

Berkeley EnergiaAnnouncement

27/10/2017 07:56

RNS Number : 8055U
Berkeley Energia Limited
27 October 2017
BERKELEY ENERGIA LIMITED
AIM RELEASE| 27 October 2017 | AIM: BKY
NOTICE OF ANNUAL GENERAL MEETING 
Berkeley Energia Limited wishes to advise that the Annual General Meeting of the Company will be held at the Conference Room, BGC Centre, 28 The Esplanade Perth, Western Australia on Tuesday, 28 November 2017 at 2.00pm (WST).
The Notice of Annual General Meeting is available for download on the Company's website at https://www.berkeleyenergia.com/investor-relations/company-reports/. 
The Notice of Annual General Meeting includes the resolution to approve the investment agreement between the Company and the sovereign wealth fund of the Sultanate of Oman ("SGRF") who have agreed to invest up to US$120 million to fully fund the Salamanca mine into production.
The investment will position SGRF as a long term strategic investor in the Company and is structured as:
o A non-interest bearing and unsecured convertible loan of US$65 million which can be converted into ordinary shares at 50 pence per share resulting in SGRF owning approximately 28% of the Company; and
o three tranches of options convertible at a weighted average price of 85 pence per share contributing a further US$55 million towards the later phases of the Company's development of the Salamanca mine resulting in SGRF holding a further 9% of the Company.
SGRF will have the right to appoint a non-executive director to the Board and has the right to match future uranium offtake transactions on similar commercial terms subject to certain limitations on volume.
For full commercial terms please refer to the Notice of Annual General Meeting.
For further information please contact:
Berkeley Energia Limited
+44 20 7478 3900
Paul Atherley, Managing Director
info@berkeleyenergia.com
Hugo Schumann, Corporate Manager



WH Ireland Limited (Nominated Adviser)
+44 20 7220 1683
Tim Feather, Director

Jessica Cave, Assistant Director

Alex Bond, Executive



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

Chris Burrows



Buchanan
+44 207 466 5000
Bobby Morse, Senior Partner
BKY@buchanan.uk.com
Anna Michniewicz, Account Director


This information is provided by RNS
The company news service from the London Stock Exchange
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