Nyota Minerals Limited Corporate Update (4530F)

TIDMNYO

RNS Number : 4530F

Nyota Minerals Limited

17 May 2017

17 May 2017

For immediate release

Nyota Minerals Limited

("Nyota" or the "Company")

Corporate Update

The Board of Nyota (ASX/AIM: NYO) announces that the Board is currently preparing the notice of the Extraordinary General Meeting ("EGM") at which the Company will seek shareholder approval (as required under ASX Listing Rules) for inter alia the conditional placing of 187,760,300 ordinary shares ("Second Tranche Placing Shares") as announced on 3 May 2017 and the issue of any shares on conversion of the BigDish loan and currently anticipates that the earliest date at which the proposed EGM will be held will be the week ending Friday, 30 June 2017. The Board has also been informed today that the agreement to assign the Big Dish loan to Peterhouse Corporate Finance Limited has lapsed.

A further announcement concerning the EGM and publication of the Notice will be made in due course.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 956/2014.

For further information please visit www.nyotaminerals.com or contact:

 
                    Director, Nyota Minerals    [phone] 
 Andrew Wright       Limited                     3396 
=================  ==========================  ================ 
 Michael Cornish    Beaumont Cornish Limited    [phone] 
  James Biddle       Nominated Advisor           3396 
=================  ==========================  ================ 
                    Peterhouse Corporate        [phone] 
 Eran Zucker         Finance Limited             0930 
=================  ==========================  ================ 
 

ENDS

This information is provided by RNS

The company news service from the London Stock Exchange

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May 17, 2017 10:03 ET (14:03 GMT)