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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Central Asia Metals Plc | LSE:CAML | London | Ordinary Share | GB00B67KBV28 | ORD USD0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-3.50 | -1.71% | 201.00 | 200.00 | 201.00 | 213.50 | 198.80 | 213.50 | 660,958 | 15:20:02 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Copper Ores | 220.86M | 33.81M | 0.1859 | 10.70 | 361.99M |
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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(END) Dow Jones Newswires
November 01, 2017 03:00 ET (07:00 GMT)
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