Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Central Asia Metals Ltd RNS Release

Expected date of completion of the Acquisition


RNS Number : 1806V
Central Asia Metals PLC
01 November 2017
 


1 November 2017

CENTRAL ASIA METALS PLC

("CAML" or the "Company")

Expected date of completion of the Acquisition and Readmission

 

Central Asia Metals PLC (AIM: CAML) is pleased to announce that it has received approval from the Macedonian Competition Commission for the acquisition of Lynx Resources Limited (the "Acquisition").

 

The Company has submitted a request to draw down funds under the new debt facilities provided by Traxys and it is expected that the Company will receive such funds on 3 November 2017. Accordingly, completion of the Acquisition is expected to occur automatically on Readmission at 8.00 a.m. on 6 November 2017.

 

Application has been made to the London Stock Exchange in respect of Readmission where, subject to the completion of the Acquisition, the Company's Enlarged Share Capital of 176,498,266 ordinary shares will be admitted to trading on AIM, including the 15,278,528 Consideration Shares to be issued to Orion Co-Investments III L.P. pursuant to the Acquisition. Readmission of the Company's Enlarged Share Capital is expected to occur at 8.00 a.m. on 6 November 2017.

 

All capitalised terms, unless otherwise defined, shall have the meanings ascribed to them in the Company's Admission Document dated 22 September 2017.

 

 

For further information please contact:

 

Central Asia Metals plc


Tony Hunter

Company Secretary

 

Tel: +44 (0) 20  7603 1515

Louise Wrathall, Investor Relations

[email protected]

 

Tel: +44 (0) 20 7898 9001

Peel Hunt (Nominated Adviser & Joint Broker)

Tel: +44 (0) 20 7418 8900

Ross Allister

Richard Crichton

Chris Burrows




J.P. Morgan Cazenove (Financial Adviser)

Tel: +44 (0) 20 7742 4000

Barry Weir

Edward Jack

Nicholas Hall




Mirabaud Securities (Joint Broker)

Tel: +44 (0) 20 3167 7221

Peter Krens




Blytheweigh (PR Advisers)

Tel: +44 (0) 20 7138 3204

Tim Blythe

Camilla Horsfall

Megan Ray


Note to editors:

 

Central Asia Metals, an AIM-listed UK company based in London, owns 100% of the Kounrad SX-EW copper project in central Kazakhstan. The Company also owns 80% of the Shuak copper exploration property in northern Kazakhstan. The Company's proposed acquisition of Lynx Resources is expected to complete in November 2017. For further information, please visit www.centralasiametals.com.

 

 


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

Central Asia Metals Ltd Timeline

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use