George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
Rns out
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
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Best possible price , we will see
In any sales process, the debtor’s assets may be sold by a variety of sale mechanisms, including by way of auction, tender or private contract, as long as the sale process is conducted in a fair and transparent manner and is likely to generate the highest or otherwise best possible price.