Book Building10 Dec 2019 07:24
News soon
London, United Kingdom - Pembridge Resources plc (LSE:PERE), is pleased to announce that, further to the announcement made on 30 September 2019, the Company will today commence a roadshow (the "Roadshow") to raise gross proceeds of between £3 million and £5 million by way of a proposed placing of Placing Shares (the "Proposed Placing").
The Company has appointed Brandon Hill Capital Limited ("Brandon Hill") as the bookrunner in connection with the Proposed Placing and expects to close the book in the next two weeks following completion of the Roadshow.
Work is progressing on the necessary documentation to complete the Company's Re-admission, including the Prospectus.
The Proposed Placing will be conditional upon entry by the Company, members of the Pembridge management team and board of directors (the "Board") into a placing agreement in connection with the Proposed Placing with Brandon Hill, the FCA's approval of the Prospectus, the publication of the Prospectus by the Company and Re-admission occurring.