Investor deep dive
Pembridge Resources secures US$30mln off-take financing for the producing Minto mine
THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE EU MARKET ABUSE REGULATION (596/2014). UPON PUBLICATION OF THE ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
12 June 2019
London, United Kingdom - Pembridge Resources plc (LSE: PERE) ("Pembridge" or the "Company"), is pleased to provide a corporate update following its recent announcement on Tuesday 4 June 2019.
· Pembridge has received an additional £450,000 in subscriptions at 16 pence per ordinary share of nominal value 1 pence each in the capital of the Company, within existing shareholder authorities - which concludes the Company's non-brokered private placement.
· The Company has submitted an updated prospectus to the UK Financial Conduct Authority for its review.
· The expiry date of the warrants issued by the Company on 21 July 2017 has been extended to 31 December 2019.
Company will update the market on its operational and exploration strategies at Minto in due course.
The person who arranged for the release of this announcement on behalf of the Company was David Linsley, Chief Executive Officer.
NOTES TO EDITORS
About Pembridge Resources plc
Pembridge is a mining company admitted to listing on the standard segment of the Official List of the FCA and to trading on the main market for listed securities of London Stock Exchange plc. Pembridge 100% owns Minto Explorations Ltd, a British Columbia incorporated business operating the Minto mine in Yukon, Canada.
The Company's management is composed of a team of senior leaders with experience in various board and executive positions with a complementary mix of expertise in geology, engineering, project appraisal, and commercial development across a wide range of commodity groups and mining jurisdictions.
About Minto Explorations Ltd ("Minto")
Minto is wholly owned subsidiary of Pembridge Resources. It operates the underground copper-gold-silver mine located in central Yukon, approximately 240 kilometres north of the capital Whitehorse along the Klondike Highway. The Minto mine was in continuous production between 2007 and 2018, when the mine was placed onto temporary care and maintenance. In excess of US$350 million of capital expenditure has been invested into Minto operations since site construction began some 13 years ago.
Pembridge Resources plc: +44 20 7917 2968
David Linsley, Chief Executive Officer
Paul Fenby, Chief Financial Officer
Brandon Hill Securities - United Kingdom: +44 (0)20 3463 5016
SI Capital - United Kingdom: +44 148 341 3500
Tavistock Communications - United Kingdom: +44 20 7920 3150
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 [email protected] or visit www.rns.com.
Quick facts: Pembridge Resources
Market Cap: £2.85 m
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...FOR OUR FULL DISCLAIMER CLICK HERE