REG-Richmond Hill Resources Plc: Update re Bartlett Mining Claims

Richmond Hill ResourcesAnnouncement

22/04/2026 07:02

Richmond Hill Resources Plc

("Richmond Hill" or the "Company")

Update re Bartlett Mining Claims

Issue of Equity

Richmond Hill Resources Plc (AIM: RHR) is pleased to announce that, further to
the announcement on                     7 April 2026, the Company has
completed the acquisition                     of the Bartlett Mining Claims
(the "Transaction") located in Ontario, Canada.

Pursuant to the Agreement, the Company has paid CAD$125,000 in cash and issued
16,983,827 new ordinary shares of 0.1 pence each at a price of 1.75 pence per
share, in satisfaction of the CAD$550,000 consideration due under the
Agreement (the "Consideration Shares") to a third party.

The Consideration Shares will be subject to a lock-in agreement whereby the
shares will be restricted from sale, transfer or disposal, other than in
accordance with the lock-in terms. The Consideration Shares will be released
in four equal instalments on 15 October 2026, 15 April 2027, 15 June 2027 and
15 October 2027.

Issue of Shares

Application will be made to the                     London Stock Exchange    
                for the admission of the 16,983,827 Consideration Shares to
trading on AIM ("Admission").                      Admission is expected to
occur on or around                     27 April 2026. The Consideration
Shares will rank                                pari passu                   
           with the existing ordinary shares.                      

Total Voting Rights

For the purposes of the Disclosure and Transparency Rules, following
Admission, the Company's issued share capital will comprise                  
  735,248,168                     ordinary shares                     of    
                0.1 pence                     each. This figure may be used
by shareholders as the denominator for calculations to determine if they are
required to notify their interest in, or a change to their interest in, the
Company under the Disclosure and Transparency Rules.

Forward Looking Statements

This announcement contains forward-looking statements relating to expected or
anticipated future events and anticipated results that are forward-looking in
nature and, as a result, are subject to certain risks and uncertainties, such
as general economic, market and business conditions, competition for qualified
staff, the regulatory process and actions, technical issues, new legislation,
uncertainties resulting from potential delays or changes in plans,
uncertainties resulting from working in a new political jurisdiction,
uncertainties regarding the results of exploration, uncertainties regarding
the timing and granting of prospecting rights, uncertainties regarding the
Company's ability to execute and implement future plans, and the occurrence of
unexpected events. Actual results achieved may vary from the information
provided herein as a result of numerous known and unknown risks and
uncertainties and other factors.

Capitalised terms used in this announcement shall, unless otherwise defined,
have the same meanings as set out in the Company's announcement on 7 April
2026.This announcement contains inside information for the purposes of the UK
Market Abuse Regulation and the Directors of the Company are responsible for
the release of this announcement.

For further information, please contact:

 

 Richmond Hill Resources   Hamish Harris                                                 Tel: +44 (0)203 582 6636   
 Cairn Financial Advisers LLP (Nominated Adviser)   Ludovico Lazzaretti / James Western  Tel: +44 (0)20 7213 0880   
 Clear Capital Limited (Broker)   Bob Roberts                                            Tel: +44 (0) 20 3869 6080  

 

Further information on the Company can be found on its website at             
                    https://richmondhillresources.com/

 



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