We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Chesterfield Resources Plc | LSE:CHF | London | Ordinary Share | GB00BF2F1X78 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.45 | 0.40 | 0.50 | 0.45 | 0.45 | 0.45 | 101,704 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Business Services, Nec | 0 | -3.66M | -0.0281 | -0.16 | 586.48k |
TIDMCHF
RNS Number : 0338O
Chesterfield Resources PLC
27 January 2023
Chesterfield Resources PLC / EPIC: CHF / Market: LSE / Sector: Mining
27 January 2023
CHESTERFIELD RESOURCES PLC
("Chesterfield" or the "Company")
Update on the sale of the Adeline Project
Pacton Gold Inc. ("PAC.V") ("Pacton") has advised Chesterfield Resources PLC that it has determined not to proceed with the purchase of the Adeline project on the terms announced on 19 October 2022. This is in spite of the fact that investor interest in the Adeline project, as solicited by Pacton, has been robust. Further, Pacton's technical team determined high prospectivity at Adeline and had a thorough plan to explore in 2023 and beyond.
Chesterfield will continue the process started last year to solicit interest in Adeline and remain hopeful that an alternative buyer will emerge from that process, which may be assisted by the results of the extensive technical work undertaken by Pacton on the property and improved commodity and precious metal prices since October 2022.
The Company will update the market with any further material developments but cannot at this time guide as to the likely timing of a transaction.
Chesterfield Executive Chairman Paul Ensor said, "Pacton's bid for Adeline was accepted following a thorough process which drew interest and indicative offers from a variety of operators who met our criteria, including the ability to efficiently fund and execute a thorough exploration programme at Adeline. We are hopeful that this process and the discussions that we had in September last year can be quickly revived to achieve our goals for Adeline."
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
For further information please visit www.chesterfieldresourcesplc.com or contact:
Chesterfield Resources Paul Ensor, Executive Tel: +44 (0) 7595 plc Chairman 219 011 First Equity Limited Jason Robertson Tel: +44 20 7330 1883 ---------------------- ------------------
**ENDS**
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
DISPPUMPGUPWPUQ
(END) Dow Jones Newswires
January 27, 2023 02:00 ET (07:00 GMT)
1 Year Chesterfield Resources Chart |
1 Month Chesterfield Resources Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions