Brief: Pembridge Resources Plc Says Minto Explorations To Go Public By Reverse Takeover

Pembridge Resources

16/06/2021 12:55

June 16 (Reuters) - Pembridge Resources PLC  PERE.L :
    * PEMBRIDGE RESOURCES PLC - MINTO EXPLORATIONS WILL SEEK TO
RAISE
NEW CAPITAL IN AMOUNT OF UP TO CAD$45 MILLION
    * PEMBRIDGE RESOURCES PLC - IN ADDITION TO CAD$45 MILLION,
MINTO
HAS GRANTED TO AGENTS AN OPTION TO INCREASE SIZE OF OFFERING BY
UP TO CAD$6.75 MILLION
    * PEMBRIDGE RESOURCES - MINTO EXPLORATIONS ENTERED DEALS TO
WILL
SEE MINTO GO PUBLIC BY WAY OF A "REVERSE TAKE-OVER" OF 778
    * PEMBRIDGE RESOURCES PLC - PEMBRIDGE'S CHAIRMAN AND CEO IS
A
PROPOSED DIRECTOR OF PUBLICCO FOLLOWING COMPLETION OF RTO
    * PEMBRIDGE RESOURCES PLC - IMPLIED PRE-MONEY MARKET
CAPITALIZATION FOR MINTO METALS OF APPROXIMATELY CAD$157 MILLION
TO CAD$170 MILLION

Source text for Eikon:  ID:nRSP1291Ca 
Further company coverage:  PERE.L 

 ((Reuters.Briefs@thomsonreuters.com;))