REG - Savannah Resources - Appointment of Joint Corporate Broker

Savannah ResourcesAnnouncement

02/11/2022 07:17

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221102:nRSB9887Ea&default-theme=true

RNS Number : 9887E  Savannah Resources PLC  02 November 2022

 

2 November 2022

 

Savannah Resources Plc

(AIM: SAV, FWB: SAV and SWB: SAV) ('Savannah', or the 'Company')

 

Appointment of Joint Corporate Broker

Savannah, the European lithium development company, is pleased to announce the
appointment of SP Angel Corporate Finance LLP ('SP Angel') as Joint Corporate
Broker with immediate effect, adding to its existing role as the Company's
Nominated Adviser. RBC Capital Markets ('RBC') will continue in its role as
Joint Corporate Broker.

 

Dale Ferguson, CEO of Savannah commented "Savannah has enjoyed a very
effective working relationship with SP Angel as our Nominated Adviser for a
number of years, and we now look forward to benefiting from their natural
resource sector expertise through their broking services as well.

 

"While Savannah completes the work required to resubmit its EIA for the
Barroso Lithium Project in Q1 2023, we also remain focused on cost management
and maintaining a robust cash position. Hence, we have decided to rationalise
our panel of capital market advisers. With immediate effect, SP Angel will be
combining its existing role as Nominated Adviser with that of Joint Broker,
working alongside RBC.

 

I would like to take this opportunity to thank the teams at finnCap and WH
Ireland for their efforts and support of Savannah over the past five and two
years respectively."

 

Regulatory Information

This Announcement contains inside information for the purposes of the UK
version of the market abuse regulation (EU No. 596/2014) as it forms part of
United Kingdom domestic law by virtue of the European Union (Withdrawal) Act
2018 ("UK MAR").

 

Savannah - Enabling Europe's energy transition.

 

**ENDS**

Follow @SavannahRes on Twitter

Follow Savannah Resources on LinkedIn

For further information please visit www.savannahresources.com or contact:

 

 Savannah Resources PLC                                                 Tel: +44 20 7117 2489

 Dale Ferguson, CEO

 SP Angel Corporate Finance LLP (Nominated Adviser & Joint Broker)      Tel: +44 20 3470 0470

 David Hignell/ Charlie Bouverat (Corporate Finance)

 Grant Barker/ Abigail Wayne (Sales & Broking)

 RBC Capital Markets (Joint Broker)                                     Tel: +44 (0) 20 7653 4000

 Farid Dadashev/ Jamil Miah

 Camarco (Financial PR)                                                 Tel: +44 20 3757 4980

 Gordon Poole/ Emily Hall

 

 

About Savannah

Savannah is the owner of the Barroso Lithium Project, located close to key
infrastructure in Northern Portugal which contains the most significant
spodumene lithium resource in Western Europe. Following a positive Scoping
Study which outlined a conventional operation producing 175,000t of spodumene
concentrate per annum, Savannah is progressing the development and
environmental licencing of the Barroso Lithium Project.

 

The Company is listed and regulated on AIM and the Company's ordinary shares
are also available on the Quotation Board of the Frankfurt Stock Exchange
(FWB) under the symbol FWB: SAV, and the Börse Stuttgart (SWB) under the
ticker "SAV".

 

 

 

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  APPBIBDBLDGDGDB