Pathfinder Minerals - Update on proposed acquisition of Rome Resources
01/07/2024 07:00
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240701:nRSA4790Ua&default-theme=true
RNS Number : 4790U Pathfinder Minerals Plc 01 July 2024
1 July 2024
Pathfinder Minerals plc
("Pathfinder" or the "Company")
Further update on the proposed acquisition of Rome Resources Ltd
Pathfinder Minerals PLC (AIM:PFP), an AIM Rule 15 cash shell, provides the
following update on its proposed acquisition of the entire issued and to be
issued share capital of Rome Resources Ltd ("Rome Resources") (the "Proposed
Transaction").
The Company notes the announcement made by Rome Resources on 28 June 2024,
detailing, inter alia, the date of the special meeting of Rome Resources'
shareholders to approve the conditional plan of arrangement in relation to the
Proposed Transaction has been postponed from 2 July 2024 to 12 July 2024. As
further detailed in the Rome Resources announcement, this postponement has
been made to provide Rome Resources' shareholders with time to review the AIM
admission document (the "Admission Document"). Further details of the Rome
Resources announcement are available for viewing on the SEDAR+ website.
The Company is pleased to report that considerable progress has been made by
the Company and its advisers in relation to finalising the necessary
transaction documentation, including work on the AIM Admission Document, given
that the Proposed Transaction is classified as a reverse takeover under the
AIM Rules for Companies. In this regard, the Company continues to diligently
progress the Proposed Transaction towards completion and currently expects to
publish an AIM admission document (the "Admission Document") in respect of
the Proposed Transaction in early July 2024.
Paul Barrett, Executive Director of Pathfinder Minerals Plc comment:
"We believe that the proposed acquisition of Rome Resources will deliver a
transformational transaction to the Company and will create new opportunities
for all our stakeholders in the months and the years ahead. I am also pleased
with the collective progress made to date by all advisers in relation to
progressing all the necessary documentation to complete the Proposed
Transaction".
Enquiries:
Pathfinder Minerals Plc
Paul Barrett, Executive Director
Tel. +44 (0)20 3143 6748
Allenby Capital Limited (Nominated Adviser and Broker)
John Depasquale / Vivek Bhardwaj / Lauren Wright (Corporate Finance)
Stefano Aquilino / Joscelin Pinnington (Sales & Corporate Broking)
Tel. +44 (0)20 3328 5656
OAK Securities (Joint Broker)
Jerry Keen, Head of Corporate Broking (jerry.keen@oak-securities.com)
Henry Clarke, Head of Sales (henry.clarke@oak-securities.com)
Tel. +44 (0)20 3973 3678
Camarco (Financial PR)
Gordon Poole / Emily Hall / Sam Morris
Tel. +44 (0) 20 3757 4980
OAK Securities is a trading name of Merlin Partners LLP. Merlin Partners LLP
is authorised and regulated by the Financial Conduct Authority (Reference
Number: 449191). Merlin Partners LLP is registered in England and Wales
(Registered Partnership Number: OC317265).
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END UPDKZGFVRGLGDZM