REG - Tengri Resources - Result of EGM <Origin Href="QuoteRef">TENT.L</Origin>

Triple Point Energy TransitionAnnouncement

09/05/2016 13:20

RNS Number : 6754X
Tengri Resources
09 May 2016
Tengri Resources
("Tengri" or the "Company")
Result of EGM
Tengri Resources(AIM: TEN),announces that at the Extraordinary General Meeting ("EGM") held earlier today, all resolutions were passed. 
Accordingly, the Company will now proceed with the disposal (the "Disposal") of Kami Associates Limited and Tatiana Limited to Socagest SA ("Socagest"). The Disposal becomes unconditional subject only to the receipt of $5m being the amount due from Socagest pursuant to the sale agreement (the "Completion Amount").
As previously announced, once the Completion Amount has been received and the Disposal becomes unconditional in all respects, the Company will be deemed to be an "AIM Rule 15 cash shell" for the purpose of the AIM Rules and will have six months to make an acquisition or acquisitions which constitute a reverse takeover under Rule 14 of the AIM Rules or otherwise seek readmission as an "investing company" with the attendant requirement to raise at least 6 million on or immediately before such readmission.
For further information, please contact:
Tengri Resources
Peter Moss
+44 20 3301 9346
finnCap Ltd (Nomad)
ChristopherRaggett/GrantBergman/JamesThompson
+44 20 7220 0500
Peterhouse Corporate Finance Limited (Broker)
Charles Goodfellow
+44 20 7469 0936

This information is provided by RNS
The company news service from the London Stock Exchange
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