RE: 5p9 Nov 2019 14:18
This was the original post from Apr citing 13m or so shares which ties up as I was at 1%. Looks like your maths are right?!?
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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").
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