REG - Lexington Gold Ltd - Receipt of Irrevocable Undertakings

Lexington GoldAnnouncement

20/06/2023 07:00

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RNS Number : 2216D  Lexington Gold Limited  20 June 2023

20 June 2023

Lexington Gold Ltd

("Lexington Gold" or the "Company")

 

Receipt of Irrevocable Undertakings re Special General Meeting

 

Lexington Gold (AIM: LEX), the gold exploration and development company with
projects in North and South Carolina, USA, is pleased to announce, further to
the Company's announcement of 5 June 2023 regarding the recent posting of a
formal notice and accompanying Chairman's Letter in respect of the forthcoming
Special General Meeting ("SGM") to be held at 10.00 a.m. (Bermuda time) on 26
June 2023, that it has been provided with irrevocable undertakings to vote (or
procure the vote) in favour of all the Resolutions to be tabled at the SGM
from certain Shareholders, in respect of, in aggregate, 146,604,745 Common
Shares representing approximately 51.79 per cent. of the Company's existing
issued Common Shares. Further details are set out below:

 

 Shareholder                         Number of Common Shares      Percentage of Lexington Gold's existing issued Common Shares
 Pure Ice Ltd                        65,810,946                   23.25
 Orasa (a.k.a. Doris) Chiaratanasen  42,349,200                   14.96
 Mark Greenwood                      33,794,999                   11.94
 Aero Services (I.O.M.) Limited      4,649,600                    1.64

 Total:                              146,604,745                  51.79

 

Unless otherwise defined herein, all capitalised terms in this announcement
shall have the meanings ascribed to them in the Chairman's Letter dated 2 June
2023 which is available to download from the Company's website at
www.lexingtongold.co.uk.

 

Commenting today, Lexington Gold's Chairman, Edward Nealon, said:

"Despite the current challenging market conditions, we are pleased to have
received this overwhelming show of support for, inter alia, our proposed
acquisition of White Rivers Exploration (Pty) Limited from our largest
Shareholders by way of irrevocable undertakings to vote in favour of all of
the Resolutions to be tabled at the forthcoming SGM. I would like to thank
such Shareholders for their continued support and we look forward to providing
further updates on the proposed acquisition and our plans to unlock value from
WRE's highly promising assets in the Witwatersrand gold fields in due course."

 

 

For further information, please contact:

 

 Lexington Gold Ltd                                      www.lexingtongold.co.uk (http://www.lexingtongold.co.uk)

 Bernard Olivier (Chief Executive Officer)               via Yellow Jersey

 Edward Nealon (Chairman)

 Mike Allardice (Group Company Secretary)

 Strand Hanson Limited (Nominated Adviser)               www.strandhanson.co.uk (http://www.strandhanson.co.uk)

 Matthew Chandler / James Bellman / Abigail Wennington   T: +44 207 409 3494

 WH Ireland Limited (Joint Broker)                       www.whirelandplc.com (http://www.whirelandplc.com)
 Katy Mitchell / Enzo Aliaj                              T: +44 207 220 1666

 Peterhouse Capital Limited (Joint Broker)               www.peterhousecap.com (https://peterhousecap.com/)

 Duncan Vasey / Lucy Williams (Broking)                  T: +44 207 469 0930

 Eran Zucker (Corporate Finance)

 Yellow Jersey PR Limited (Financial Public Relations)   www.yellowjerseypr.com (http://www.yellowjerseypr.com)

 Charles Goodwin / Annabelle Wills / Soraya Jackson      T: +44 7948 758 681

 

 

Note to Editors:

 

Lexington Gold (AIM: LEX) is a gold exploration and development company
currently holding interests in four diverse gold projects, covering a combined
area of approximately 1,675 acres in North and South Carolina, USA. The
projects are situated in the highly prospective Carolina Super Terrane
("CST"), which has seen significant historic gold production and is host to
several multi-million-ounce mines operated by majors. It was also the site of
the first US gold rush in the early 1800s, before gold was discovered in
California.

 

Further information is available on the Company's website:
www.lexingtongold.co.uk (http://www.lexingtongold.co.uk) . Neither the
contents of the Company's website nor the contents of any website accessible
from hyperlinks on the Company's website (or any other website) is
incorporated into, or forms part of, this announcement.

 

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