Amala Foods Share Discussion Threads

[tomboyb] 02/3/2022 09:39

Its very generous from the REE company -

I wonder -

[tomboyb] 02/3/2022 09:36

RNS Number : 3620D

Amala Foods PLC

02 March 2022

Amala Foods Plc

( " Amala " or the " Company")

Further re: Corporate Update

Amala Foods Plc (LON: DISH), a food technology company, is pleased to announce a further update to the previous Corporate Update on 17 February 2022.

The Company continues to progress dialogue with Terra Rara UK Ltd with regards to the potential transaction and has executed an updated term sheet which will form the basis of a definitive agreement. Due diligence is now in process with a view to the execution of an agreement to acquire the entire issued and to be issued share capital of Terra Rara UK Ltd which holds majority interests via two subsidiaries in several exciting Rare Earth Elements (REE) projects in Uganda and Angola as announced previously.

The Company has executed an updated term sheet with improved terms that is subject to the execution of a definitive agreement. The terms set out in the term sheet will provide current shareholders with 30% of the enlarged Company . Based on the current number of outstanding shares and the new FCA requirement of a minimum market capitalisation of GBP30 million for new listings that came into force on 3 December 2021, if successful, this provides a " see through " valuation of approximately 2p per share. The Company can confirm that it is also working with known funding partners who have committed, subject to satisfactory due diligence, to provide the funding for the transaction, at the valuation above, in sync with Terra Rara vendors.

[tomboyb] 02/3/2022 09:35

rns is out -

[tenapen] 01/3/2022 20:29

101 - do you have anything positive to write about any company? Or do you just get off on abusing other's . You really do need to talk to someone about anger management techniques :-/

[iamthebest] 01/3/2022 18:38

.. ... ..... . ... .... ..

[tommygunn21] 01/3/2022 16:30

Just following and reading comments as been in and out of BMV and this. Do people not realise there will be nothing left for existing shareholders if a reverse goes through? Good luck with the liquidity on Aquis as well! There's nothing left here and the price is not going up!

[johnyee 7] 01/3/2022 12:06

Would be good if they do the Rare Earths deal.

known world reserves of rare-earth minerals amounted to some 120 million metric tons of contained REO. China has the largest fraction (37 percent), followed by Brazil and Vietnam (18 percent each), Russia (15 percent), and the remaining countries (12 percent).