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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Mila Resources Plc | LSE:MILA | London | Ordinary Share | GB00BD4FCK53 | ORD GBP0.01 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.025 | 4.35% | 0.60 | 0.55 | 0.65 | 0.60 | 0.575 | 0.575 | 2,318,683 | 09:31:47 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Miscellaneous Metal Ores,nec | 0 | -549k | -0.0010 | -6.00 | 3.22M |
From Apr 2019 to Apr 2024
TIDMMILA
RNS Number : 2962E
Mila Resources PLC
04 November 2020
Mila Resources Plc / Index: LSE / Epic: MILA / Sector: Natural Resources
4 November 2020
Mila Resources Plc
("Mila Resources" or "the Company")
Update on transaction and lifting of suspension
Mila Resources Plc, a London Stock Exchange listed natural resource focused company, announces an update on the negotiations regarding the acquisition of 100% of the share capital of E-Tech Metals Ltd ('E-Tech'). The transaction was materially advanced following due diligence and the preparation of a prospectus; however, E-Tech gave notice that they wished to terminate the transaction without cause.
Subsequently, Mila has now recovered the loan of GBP87,402 (which includes all accrued interest) advanced to E-Tech. Mila is receiving legal advice with regard to the termination notice provided by E-Tech.
Mila Resources maintains a healthy cash position and is in advanced discussions with regard to other potential transactions and will update the market in due course.
Finally, Mila announces that normal trading in the Company's 23,200,000 ordinary shares of GBP0.01 par value will resume under the ticker code 'MILA' in due course following consultation with the FCA. A further statement will be made in due course to clarify lifting of the suspension.
**ENDS**
For more information visit www.milaresources.com or contact:
Hot Features
Premium
Mark Stephenson
Mila Resources Plc +44 (0) 20 7236 1177
Jonathan Evans
Brandon Hill Capital +44 (0)20 3463 5016
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Susie Geliher / Beth Melluish
St Brides Partners Ltd +44 (0) 20 7236 1177
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END
MSCQZLFBBFLEFBZ
(END) Dow Jones Newswires
November 04, 2020 11:57 ET (16:57 GMT)
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