Brief: Mining Minerals & Metals Plc Says Proposed Transaction With Africa Resources Holdings Subject To Further Delay

Georgina Energy

31/01/2023 08:33

Jan 31 (Reuters) - Mining Minerals & Metals PLC
 MMMM.L :
    * MINING, MINERALS&MTL  - COMPANY UPDATE
    * MINING MINERALS & METALS PLC - UPDATES ON TRANSACTION WITH
AFRICA RESOURCES HOLDINGS, TO BUY NARNIA MAURITIUS GAS HOLDINGS
LTD
    * MINING MINERALS & METALS PLC - PROPOSED TRANSACTION TO BE
SUBJECT TO FURTHER DELAY
    * MINING MINERALS & METALS PLC - THERE CAN BE NO CERTAINTY
THAT
PROPOSED TRANSACTIONS WILL PROCEED
    * MINING MINERALS & METALS - TO PROCEED TO DETAILED
NEGOTIATIONS
ON ACQUISITION OF A GAS ASSET IN REPUBLIC OF BOTSWANA
    * MINING MINERALS & METALS - COSTS INCURRED IN PURSUING
PROPOSED
TRANSACTION & DELAY IN SECURING SUITABLE PROJECT HAS REDUCED
CO'S CASH RESOURCES
    * MINING MINERALS & METALS PLC - WILL NEED FURTHER CAPITAL
TO
COMPLETE PROPOSED TRANSACTION & ADDITIONAL PROPOSED ACQUISITION
    * MINING MINERALS & METALS PLC - INTENDS TO APPROACH CERTAIN
OF
ITS SHAREHOLDERS TO SEEK THEIR AGREEMENT TO PROVIDE FURTHER
CAPITAL

Source text for Eikon:  ID:nRSe3148Oa 
Further company coverage:  MMMM.L 
 ((Reuters.Briefs@thomsonreuters.com;))