Central Asia Metals PLC Expected date of completion of the Acquisition (1806V)
01 November 2017 - 6:00PM
UK Regulatory
TIDMCAML
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 Tel: +44 (0)
Company Secretary 20 7603 1515
Louise Wrathall, Investor Relations Tel: +44 (0)
louise.wrathall@centralasiametals.com 20 7898 9001
Peel Hunt (Nominated Adviser & Tel: +44 (0)
Joint Broker) 20 7418 8900
Ross Allister
Richard Crichton
Chris Burrows
J.P. Morgan Cazenove (Financial Tel: +44 (0)
Adviser) 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
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