REG - Europa Metals Ltd - Viridian Metals Transaction Update

Europa MetalsAnnouncement

06/12/2024 09:00

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RNS Number : 1253P  Europa Metals Ltd  06 December 2024

6 December 2024

Europa Metals Ltd

("Europa Metals", the "Company" or the "Group") (AIM, AltX: EUZ)

Viridian Metals Transaction Update

Europa Metals, ("Europa" or the "Company"), is pleased to provide a further
update on the proposed transaction with Viridian Metals Ireland Limited,
("Viridian"), and its 100 % owned Tynagh brownfield Pb/Zn/Cu/Ag project in the
Republic of Ireland.

 

As announced on 17 September 2024, the Company entered into a conditional Term
Sheet regarding the proposed acquisition of Viridian ("Proposed Transaction").
The Term Sheet is binding as to a mutual 150 day period of exclusivity, with
the parties continuing to work through the conditions precedent to the
Proposed Transaction as well as the Company finalising terms for the near term
funding for work on the Proposed Transaction. The Company has been undertaking
discussions with a range of parties in relation to funding the proposed
acquisition and development of the Tynagh project. These discussions remain
confidential and incomplete.

 

Shareholders are reminded that, given that the Company is currently unable to
provide full disclosure under the AIM Rules, the Company's listing in its
ordinary shares on AIM and trading from the London Stock Exchange ("LSE") is
currently suspended pending publication of the Admission Document or an
announcement that the Proposed Transaction is not proceeding. The Company's
shares are not currently suspended on the JSE Limited ("JSE"). Shareholders on
the JSE are advised to continue to exercise caution when dealing in the
Company's shares until full disclosure regarding the Proposed Transaction is
made.

 

The Company will provide further updates as the transaction progresses.

For further information on the Company, please visit www.europametals.com or
contact:

 

Europa Metals Ltd

Dan Smith, Non-Executive Director and Company Secretary (Australia)

T: +61 8 9486 4036

E: dsmith@europametals.com

Myles Campion, Executive Chairman and acting CEO (UK)

E: mcampion@europametals.com

 

Beaumont Cornish (Nominated Adviser/Broker)

James Biddle/Roland Cornish

T: +44 (0) 20 7628 3396

 

Questco Corporate Advisory Proprietary Limited (JSE Sponsor)

Danielle Christodoulou

T: +27 63 482 3802

 

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of United Kingdom domestic law pursuant to
the European Union (Withdrawal) Act 2018, as amended.

 

Nominated Adviser

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.

 

 

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