REG - AIM - Schedule One - Richmond Hill Resources plc

GunsyndAnnouncement

Mon 08:30

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RNS Number : 2624Y  AIM  08 September 2025

 

 

 ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE
 WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

 COMPANY NAME:
 Richmond Hill Resources PLC ("Richmond Hill" or the "Company")

 COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS
 (INCLUDING POSTCODES):
 78 Pall Mall, St James's, London, SW1Y 5ES

 COUNTRY OF INCORPORATION:
 England & Wales

 COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:
 https://www.richmondhillresources.com/
 (https://www.richmondhillresources.com/)

 COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN
 INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY).  IF THE ADMISSION IS
 SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE
 STATED:
 The Company entered into an agreement with Ulvestone Limited ("Ulvestone") to
 acquire the entire issued share capital of Bulawayo CC Ventures Limited
 ("Bulawayo") for a consideration of £3,300,000 to be satisfied through the
 issue of 315,000,000 Ordinary Shares and £150,000 in cash.

 Bulawayo is the owner of the Saint-Sophie project (the "Project") consisting
 of 145 map designated mineral exploration titles covering a total surface area
 of approximately 87 km(2) located in the Centre-du-Québec region,
 approximately 165 km east of Montreal and 80 km southwest of Quebec City in
 Canada, within a region known for copper mineralisation.

 On Admission, Richmond Hill (through Bulawayo) will hold 145 map designated
 mineral exploration titles covering the Centre-du-Québec region. The region
 lies within the Appalachian mountain belt, featuring Cambro-Ordovician
 sedimentary and volcanic rocks (Humber Zone) known to host copper
 mineralisation. The claims to the titles were acquired by several individuals
 and companies through map designation and are currently owned by Bulawayo.
 There is a 1% Net Smelter Return (NSR) on all mineral production from the
 Project owed to 1426706 BC Ltd.

 From Admission, the Company's strategy is the development of the Project. The
 Company believes the Project area is anomalous in copper.  The copper
 occurrences located on the Sainte-Sophie property have not yet been explored
 with modern technologies and work to date has been mostly limited to trenching
 and soil surveys. Drilling is sparse and has not reached beyond 61 metres in
 depth. The Sainte-Sophie property remains an interesting area for copper and
 other commodities such as silver and molybdenum. Furthermore, the Company may
 invest in and/or acquire further complementary mineral targets and
 resources.

 DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER
 OF THE SECURITIES (i.e. where known, number and type of shares, nominal value
 and issue price to which it seeks admission and the number and type to be held
 as treasury shares):
 Number of ordinary shares on Admission: TBC ordinary shares of £0.001 each in
 the capital of the Company ("Ordinary Shares")

 Issue Price per Ordinary Share: 1p

 Each Ordinary Share carries one vote and the right to dividends.

 There are no restrictions as to the transfer of the Ordinary Shares.

 No Ordinary Shares will be held as treasury shares on Admission.

 CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING) AND ANTICIPATED
 MARKET CAPITALISATION ON ADMISSION:
 Capital to be raised on Admission: TBC

 Anticipated market capitalisation on Admission: TBC

 PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:
 Approximately 56%

 DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES
 (OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED OR TRADED:
 The Company is currently admitted to trading on the Access Segment of the
 Aquis Stock Exchange AQSE Growth Market

 THE COMPANY HAS APPLIED FOR THE VOLUNTARY CARBON MARKET DESIGNATION (Y/N)
 N

 FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the
 first name by which each is known or including any other name by which each is
 known):
 Current Directors:

 Hamish Hamlyn Harris - Non-executive Chairman, to be reappointed as Chief
 Executive Officer

 Ryan Thomas Dolder - Chief Executive Officer, to be reappointed as
 Non-executive Director

 Proposed Directors to be appointed on Admission:

 David Tink - Non-executive Chairman

 Sheldon James Modeland - Non-executive Director

 FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE
 OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first
 name by which each is known or including any other name by which each is
 known):
 Name         % of the issued share capital before Admission  % of the issued share capital on Admission
 James Ikin   0.45%(1)                                        TBC%(2)
 Gunsynd PLC  3.43%                                           TBC%

(1) held through Veandercross (UK) Limited ("Veandercross")

 (2) TBC% held by Ulvestone and TBC% held by Veandercross

 NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH
 (H) OF THE AIM RULES:
 N/A

 (i)         ANTICIPATED ACCOUNTING REFERENCE DATE

 (ii)        DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE
 ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited
 interim financial information)

 (iii)       DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS
 PURSUANT TO AIM RULES 18 AND 19:
 (i) 30 September

 (ii) Unaudited interim results to 31 March 2025

 (iii) 31 March 2026, 30 June 2026, 31 March 2027

 EXPECTED ADMISSION DATE:
 Late September 2025

 NAME AND ADDRESS OF NOMINATED ADVISER:
 Cairn Financial Advisers LLP

 9(th) Floor, 107 Cheapside,

 London, EC2V 6DN

 United Kingdom

 NAME AND ADDRESS OF BROKER:
 Clear Capital Markets Limited

 6(th) Floor, Wilson's Corner

 23-25 Wilson Street

 London EC2M 2DD

 OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR
 INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A
 STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE
 ADMISSION OF ITS SECURITIES:
 A copy of the Admission Document will contain full details about the applicant
 and the admission of its securities, and will be available from the Company's
 website at: https://www.richmondhillresources.com/
 (https://www.richmondhillresources.com/) from Admission.

 THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY
 QCA Corporate Governance Code

 DATE OF NOTIFICATION:
 8 September 2025

 NEW/ UPDATE:
 New

(1) held through Veandercross (UK) Limited ("Veandercross")

(2) TBC% held by Ulvestone and TBC% held by Veandercross

 

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH
(H) OF THE AIM RULES:

N/A

 

(i)         ANTICIPATED ACCOUNTING REFERENCE DATE

(ii)        DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE
ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited
interim financial information)

(iii)       DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS
PURSUANT TO AIM RULES 18 AND 19:

(i) 30 September

 

(ii) Unaudited interim results to 31 March 2025

 

(iii) 31 March 2026, 30 June 2026, 31 March 2027

 

 

EXPECTED ADMISSION DATE:

Late September 2025

 

NAME AND ADDRESS OF NOMINATED ADVISER:

Cairn Financial Advisers LLP

9(th) Floor, 107 Cheapside,

London, EC2V 6DN

United Kingdom

 

 

NAME AND ADDRESS OF BROKER:

Clear Capital Markets Limited

6(th) Floor, Wilson's Corner

23-25 Wilson Street

London EC2M 2DD

 

 

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR
INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A
STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE
ADMISSION OF ITS SECURITIES:

A copy of the Admission Document will contain full details about the applicant
and the admission of its securities, and will be available from the Company's
website at: https://www.richmondhillresources.com/
(https://www.richmondhillresources.com/) from Admission.

 

THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY

QCA Corporate Governance Code

 

DATE OF NOTIFICATION:

8 September 2025

 

NEW/ UPDATE:

New

 

 

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