Member Info for Casey73

Further Acquisition Update

Contango Holdings Plc ("Contango" or the "Company") is pleased to provide another update to its shareholders regarding its proposed acquisition of the Lubu Coalfield project in Zimbabwe ("Lubu Coalfield") from Consolidated Growth Holdings Limited ("CGH").

Demonstrating Contango's continued expectation of a successful close to the transaction, the Board of Contango has agreed to pay a further US$130,000 to CGH so that it can continue to progress the Lubu Coalfield. As per the announcement dated 31 May 2019, in the event the transaction does not unconditionally complete by, at the latest, 24 December 2019, CGH will be obliged to repay the US$130,000 to the Company, potentially with additional interest.

Contango is finalising the proposed re-listing of the Company and will provide a more detailed update to shareholders in the forthcoming weeks.

RNS today from Contango Holdings -Acquisition of the Lubu Coalfield Project, Zimbabwe

Further to the announcement of the signing of a Memorandum of Understanding relating to the possible acquisition of Consolidated Growth Holdings Limited's ("CGH") interest in the Lubu Coalfield project in Zimbabwe (the "Lubu Coalfield"), the board of the Company are pleased to announce that on 8 April 2019 the Company entered into a Share Purchase Agreement to acquire the Lubu Coalfield from CGH (the "Acquisition"). The Company will satisfy the acquisition consideration of GBP6,450,000 by issuing 128,849,961 ordinary shares to CGH at a price of GBP0.05 each (the "Consideration Shares"). This transaction constitutes a reverse takeover under the Listing Rules and the Company will issue a prospectus containing further details of the Acquisition in due course (the "Prospectus").

https://www.asx.com.au/asxpdf/20180123/pdf/43qzgry3xybg3n.pdf

http://frontpageafricaonline.com/index.php/news/5077-senator-sherman-returns-with-a-bang-resurrecting-concerns-over-fate-of-sable-mining-bribery-saga Amid the Supreme Court drama, concerns are also being raised about the state of the Sable Mining case. FrontPageAfrica has learned that the Supreme Court should have heard Sherman’s appeal at the end of August but the three of the justices who have been pushing for the appeal to be put on the docket –Kabineh Ja’ Neh, Jamesetta Howard-Wollokollie and his Honor Philips A.Z. Banks - are among those being targeted for impeachment, putting the fate of the case in limbo. A government prosecutor told FrontPageAfrica Thursday that the impeachment proceeding might delay the case going forward. “We wanted to start retrial in September. But impeachment may halt that.

News article relates to court ruling expected yesterday but no result published yet. Fingers crossed we'll soon know how long the case will last http://frontpageafricaonline.com/index.php/news/4445-associate-justice-banks-to-rules-in-sable-mining-bribery-case

http://www.frontpageafricaonline.com/index.php/news/3444-judge-slams-shenanigans-in-sable-mining-bribery-case

http://www.voanews.com/a/liberia-supreme-court-summons-feuding-legislators/3474531.html