1 July
2024
Pathfinder Minerals
plc
("Pathfinder" or
the "Company")
Further update on the
proposed acquisition of Rome Resources Ltd
Pathfinder Minerals PLC (AIM:PFP),
an AIM Rule 15 cash shell, provides the following update on its
proposed acquisition of the entire issued and to be issued share
capital of Rome Resources Ltd ("Rome Resources") (the "Proposed Transaction").
The Company notes the announcement made by Rome Resources on 28
June 2024, detailing, inter
alia, the date of the special meeting of Rome Resources'
shareholders to approve the conditional plan of arrangement in
relation to the Proposed Transaction has been postponed from 2 July
2024 to 12 July 2024. As further detailed in the Rome Resources
announcement, this postponement has been made to provide Rome
Resources' shareholders with time to review the AIM admission
document (the "Admission
Document"). Further details of the Rome Resources
announcement are available for viewing on the SEDAR+
website.
The Company is pleased to report
that considerable progress has been made by the Company and its
advisers in relation to finalising the necessary transaction
documentation, including work on the AIM Admission Document, given
that the Proposed Transaction is classified as a reverse takeover
under the AIM Rules for Companies. In this regard, the Company
continues to diligently progress the Proposed Transaction towards
completion and currently expects to publish an AIM admission
document (the "Admission
Document") in respect of the Proposed
Transaction in early July 2024.
Paul Barrett, Executive Director of Pathfinder Minerals Plc
comment:
"We believe that the proposed acquisition of Rome Resources
will deliver a transformational transaction to the Company and will
create new opportunities for all our stakeholders in the months and
the years ahead. I am also pleased with the collective progress
made to date by all advisers in relation to progressing all the
necessary documentation to complete the Proposed
Transaction".
Enquiries:
Pathfinder Minerals Plc
Paul Barrett, Executive
Director
Tel. +44 (0)20 3143 6748
Allenby Capital Limited (Nominated Adviser and
Broker)
John Depasquale / Vivek Bhardwaj /
Lauren Wright (Corporate Finance)
Stefano Aquilino / Joscelin
Pinnington (Sales & Corporate Broking)
Tel. +44 (0)20 3328 5656
OAK
Securities (Joint Broker)
Jerry Keen, Head of Corporate
Broking (jerry.keen@oak-securities.com)
Henry Clarke, Head of Sales
(henry.clarke@oak-securities.com)
Tel. +44 (0)20 3973 3678
Camarco (Financial PR)
Gordon Poole / Emily Hall / Sam
Morris
Tel. +44 (0) 20 3757 4980
OAK Securities is a trading name of
Merlin Partners LLP. Merlin Partners LLP is authorised and
regulated by the Financial Conduct Authority (Reference Number:
449191). Merlin Partners LLP is registered in England and Wales
(Registered Partnership Number: OC317265).
