REG - Kodal Minerals PLC - Update re major shareholder

Kodal MineralsAnnouncement

30/06/2022 16:30

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RNS Number : 8962Q  Kodal Minerals PLC  30 June 2022

Kodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining

 

Kodal Minerals plc ('Kodal Minerals' or the 'Company')

 

Update re major shareholder

 

Kodal Minerals, the mineral exploration and development company focused on
lithium and gold assets in West Africa, has been informed that there has been
a restructuring of the ownership of Suay Chin International Pte Ltd ('Suay
Chin').  Suay Chin is the Company's major shareholder with 14.18% of the
issued share capital.

 

Suay Chin is now indirectly controlled by Zhejiang Kanglongda Special
Protection Technology Co., Ltd ("Kanglongda") which is listed on the Shanghai
Stock Exchange. Kanglongda's previous business focus was in the area of
functional labour protection gloves, but it has recently developed a new
strategy of investment in the lithium industry. Kanglongda holds a 51%
interest in Suay Chin via its 100% ownership of Taian Xinchang Lithium
Investment Centre (Limited Partnership). Kodal Minerals looks forward to
continuing its strong relationship with Suay Chin as it progresses its
Bougouni Lithium Project in West Africa.

 

 

For further information, please visit www.kodalminerals.com or contact the
following:

 

 Kodal Minerals plc

 Bernard Aylward, CEO                                            Tel: +61 418 943 345

 Allenby Capital Limited, Nominated Adviser

 Jeremy Porter/Nick Harriss/Liz Kirchner                         Tel: 020 3328 5656

 SP Angel Corporate Finance LLP, Financial Adviser & Broker

 John Mackay, Adam Cowl                                          Tel: 020 3470 0470

 St Brides Partners Ltd, Financial PR

 Susie Geliher/Ana Ribeiro                                       Tel: 020 7236 1177

 

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