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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Mining Minerals & Metals Plc | LSE:MMM | London | Ordinary Share | GB00BF7L9148 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.90 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 0 | -243k | -0.0076 | -5.13 | 1.25M |
Mining, Minerals & Metals Plc / Index: LSE: MMM
Mining, Minerals & Metals plc ("MMM" or the "Company")
General Update & Appointment of Oak Securities as Joint Broker
The Company is pleased to announce an update following the announcement on 1 December 2023 regarding the prospectus having been lodged with the FCA for the proposed transaction with Georgina Energy plc ("Proposed Transaction"), a company that holds natural gas, helium, and hydrogen assets in Australia.
The Company has been busy with its advisory team in recent months and has now largely concluded the due diligence and prospectus, therefore, will shortly be undertaking to raise capital in April for the Proposed Transaction. The Company is now aiming to conclude the Proposed Transaction in early Q2 2024.
The Proposed Transaction is conditional on i) entering into definitive legal agreements ii) raising capital; iii) approval by shareholders at a General Meeting to be convened; iv) obtaining all necessary approvals (if required) and; v) granting of eligibility for the readmission of the Company to the Official List by the FCA.
There can be no certainty that the Proposed Transaction will take place and the Company will continue to update shareholders in due course.
Appointment of Joint Broker
The Company has appointed Oak Securities (a trading name of Merlin Partners LLP) as joint broker to work alongside its existing broker Tavira for the forthcoming capital raise.
Roy Pitchford Commented:
"We've now reached an advanced phase on the transaction and will be looking to conclude the capital raise next month and then ultimately close the transaction and seek readmission to trading. We welcome Oak Securities to the team and look forward to their support on the forthcoming capital raise."
Roy Pitchford
Non-Executive Chairman, Mining, Minerals & Metals plc
Telephone +44 (0)20 7317 0644
Email: roy@mmmplc.com
Tavira Financial Limited - Financial Adviser and Joint Broker
Jonathan Evans
Telephone: +44 (0)20 3192 1733
OAK Securities - Joint Broker
Jerry Keen
Henry Clarke
Tel. +44 (0)20 3973 3678
1 Year Mining Minerals & Metals Chart |
1 Month Mining Minerals & Metals Chart |
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