Contango Holdings PLC Further Acquisition Update (7200H)
02 August 2019 - 6:30PM
UK Regulatory
TIDMCGO
RNS Number : 7200H
Contango Holdings PLC
02 August 2019
Contango Holdings Plc / Index: LSE / Epic: CGO / Sector: Natural
Resources
2 August 2019
Contango Holdings Plc
("Contango" or the "Company")
Further Acquisition Update
Contango Holdings Plc ("Contango" or the "Company") is pleased
to provide another update to its shareholders regarding its
proposed acquisition of the Lubu Coalfield project in Zimbabwe
("Lubu Coalfield") from Consolidated Growth Holdings Limited
("CGH").
Demonstrating Contango's continued expectation of a successful
close to the transaction, the Board of Contango has agreed to pay a
further US$130,000 to CGH so that it can continue to progress the
Lubu Coalfield. As per the announcement dated 31 May 2019, in the
event the transaction does not unconditionally complete by, at the
latest, 24 December 2019, CGH will be obliged to repay the
US$130,000 to the Company, potentially with additional
interest.
Contango is finalising the proposed re-listing of the Company
and will provide a more detailed update to shareholders in the
forthcoming weeks.
* ENDS *
For further information, please visit
www.contango-holdings-plc.co.uk or contact:
Contango Holdings plc E: info@contango-holdings-plc.co.uk
Brandon Hill Capital Limited T: +44 (0)20 3463 5000
Financial Adviser & Broker
Jonathan Evans
St Brides Partners Ltd T: +44 (0)20 7236 1177
Financial PR & Investor Relations
Catherine Leftley
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
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
ACQZMGGRRZFGLZG
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