Pathfinder Minerals Plc Appointment of Joint Broker

RNS Number : 7040N

Pathfinder Minerals Plc

09 May 2024

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the UK Market Abuse Regulation.

 

9 May 2024

Pathfinder Minerals plc

("Pathfinder" or the "Company")

 

Appointment of OAK Securities as Joint Broker

 

Pathfinder Minerals PLC (AIM:PFP), an AIM Rule 15 cash shell, is pleased to announce the appointment of OAK Securities ("OAK Securities" or "OAK") as Joint Broker to the Company with immediate effect.

 

We are further pleased to announce that the principals of OAK Securities have also indicated that they will make a cornerstone investment of at least £300,000 in any fundraise contemplated in conjunction with the proposed acquisition of the entire issued share capital and to be issued share capital of Rome Resources Ltd ("Rome Resources") and the subsequent re-admission of the enlarged group to trading on AIM (the "Proposed Transaction"), as originally announced on 29 November 2023.

 

Paul Barrett, Executive Director of Pathfinder Minerals Plc commented:

"We are delighted to have OAK on board as a Joint Broker and potential cornerstone investor to the Proposed Transaction. OAK's team has extensive experience in corporate broking and raising capital in the natural resources sector."

 

Jerry Keen, Head of Corporate Broking at OAK Securities commented:

We are very excited to work with Pathfinder Minerals and Rome Resources to support the Proposed Transaction. We are particularly impressed by the caliber of the founders and management of Rome, who are behind a number of the most successful mining projects in the DRC including Alphamin, the World's highest grade tin mine which sits just 8km away."

 

Enquiries:

 

Pathfinder Minerals Plc

Paul Barrett, Executive Director

Tel. [phone]

 

Allenby Capital Limited (Nominated Adviser and Broker)

John Depasquale / Vivek Bhardwaj / Lauren Wright (Corporate Finance)

Stefano Aquilino / Joscelin Pinnington (Sales & Corporate Broking)

Tel. [phone]

 

OAK Securities (Joint Broker)

Jerry Keen, Head of Corporate Broking ([e-mail])

Henry Clarke, Head of Sales ([e-mail])

Tel. [phone]

 

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).

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END

 

 

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