RE: Revenue v profit12 May 2026 13:54
The purchase of the additional 20% shareholding in Hope & Gorob is being made by reference to the original agreement between MKH and the previous owner of the Hope & Gorob project in 2018 ("Original 2018 Agreement") which contemplated inter alia the acquisition of an additional 20% in Hope & Gorob. The consideration now agreed payable for the additional 20% shareholding as well as covering any remaining obligations under the Original 2018 Agreement, is GBP1,114,000 to be settled GBP557,000 by the issue of 515,263,645 fully paid ordinary shares of 0.002p each in the Company at a price of 0.10810 pence per share (the "Consideration Shares") and GBP577,000 in staged cash payments (GBP150,000 by 31 March 2026 and GBP396,000 by 15 May 2026) (the "Cash Consideration") (the "Acquisition").