REG - Landore Resources Ld - Notice of Extraordinary General Meeting

Landore ResourcesAnnouncement

06/10/2023 07:00

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RNS Number : 8684O  Landore Resources Limited  06 October 2023

LANDORE RESOURCES LIMITED

(AIM Ticker: LND.L)

 

NOTICE OF EXTRAORDINARY GENERAL MEETING

London, United Kingdom - 6 October 2023 - Landore Resources Limited (AIM: LND)
("Landore Resources" or the "Company") announces that, further to its
announcement of 20 September 2023 regarding the receipt of conditional
approval for the proposed dual listing of the Company's ordinary shares on the
TSX Venture Exchange (the "TSX-V Exchange") in Canada (the "Dual Listing"),
the Company has today published a circular and notice of extraordinary general
meeting ("EGM") (the "EGM Circular") to seek shareholder approval for the
share authorities required to undertake a proposed fundraise of between
CAD$3.5m (c.£2.1m) and CAD$5.0m (c.£3.0m) (the "Proposed Fundraising") to,
inter alia, facilitate such dual listing process pursuant to the policies of
the TSX-V Exchange.

It is a pre-condition of the Dual Listing, inter alia, that the Company is
able to provide to the TSX-V Exchange satisfactory confirmation of certain
minimum working capital and financial resources at the time of listing,
therefore, in order to satisfy this pre-condition, the Company is seeking to
undertake the Proposed Fundraising. Whilst the Proposed Fundraising will focus
on the Canadian markets, the Company also expects to provide UK based
shareholders and new UK/European investors with an opportunity to participate
in the Proposed Fundraising. Further details of the Proposed Fundraise will be
announced in due course.

Landore's shareholders will shortly receive a hardcopy of the EGM Circular and
accompanying form of proxy, incorporating a formal notice convening an EGM to
be held at 2:00 pm on 23 October 2023 at La Tonnelle House, Les Banques, St
Sampson, Guernsey, GY1 3HS which shareholders will also be permitted to attend
online in accordance with the instructions set out in the notes to the formal
notice.

A copy of the EGM Circular will also be made available on the Company's
website at: www.landore.com.

 

- ENDS -

For further information, please contact:

Landore Resources Limited

Glenn Featherby, Finance Director: Tel: 07730 420318

 

Strand Hanson Limited (Nominated Adviser and Joint
Broker)

James Dance/Matthew Chandler/Robert Collins: Tel: 020 74093494

 

Novum Securities Limited (Joint Broker)

Jon Belliss/Colin Rowbury: Tel: 020 73999402

 

 

 

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 by virtue of
the European Union (Withdrawal) Act 2018, as amended by virtue of the Market
Abuse (Amendment) (EU Exit) Regulations 2019.

 

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