REG-Medcaw Investments Plc: Lifting of suspension & re-commencement of trading

Medcaw InvestmentsAnnouncement

02/04/2025 07:45

Medcaw Investments Plc
(“Medcaw Investments” or the “Company”)

 

2 April 2025

 

Lifting of suspension & re-commencement of trading

 

Medcaw Investments plc (LSE:MCI), an acquisition vehicle, announces  that the
board of the Company has determined that Company will not be proceeding with
the proposed reverse transaction of Abyssinian Metals Limited (“AML”) as
announced on 7 July 2023 at this stage. The board of the Company reached this
conclusion as a result of the ongoing dispute between AML and the Federal
Democratic Republic of Ethiopia (including Oromia State). The Company
understands that AML continues to seek a resolution to the dispute with the
Federal Democratic Republic of Ethiopia (including Oromia State) with regards
to the ownership and operation of the Kenticha Lithium project. In relation to
the Company’s legal position in respect of AML, the Company is in the
process of taking professional advice.  

 

Medcaw will be seeking to lift its suspension and will re-commence trading on
2nd April 2025.  The Directors will commence the search for a new acquisition
target in due course.

 

This announcement contains inside information for the purposes of the UK
Market Abuse Regulation and the Directors of the Company accept responsibility
for the contents of this announcement.

 

ENDS

 

Enquiries:

 

Medcaw Investments Plc

Charlie Wood +44 (0)203 918 8797

 

For more information please visit: https://medcaw-invest.com/

 

Note:

Certain statements made in this announcement are forward-looking statements.
These forward-looking statements are not historical facts but rather are based
on the Company's current expectations, estimates, and projections about its
industry; its beliefs; and assumptions. Words such as 'anticipates,'
'expects,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' and similar
expressions are intended to identify forward-looking statements. These
statements are not a guarantee of future performance and are subject to known
and unknown risks, uncertainties, and other factors, some of which are beyond
the Company's control, are difficult to predict, and could cause actual
results to differ materially from those expressed or forecasted in the
forward-looking statements. The Company cautions security holders and
prospective security holders not to place undue reliance on these
forward-looking statements, which reflect the view of the Company only as of
the date of this announcement. The forward-looking statements made in this
announcement relate only to events as of the date on which the statements are
made. The Company will not undertake any obligation to release publicly any
revisions or updates to these forward-looking statements to reflect events,
circumstances, or unanticipated events occurring after the date of this
announcement except as required by law or by any appropriate regulatory
authority.



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