Last checked at 11 Nov 2013 12:49
Centurion Resources plc
("Centurion Resources" or the "Company")
Statement re Suspension
The Board of Centurion Resources, the AIM listed natural resource company notes the recent share price movement and announces that it is in an advanced stage of discussions in relation to an acquisition which would constitute a reverse takeover under Rule 14 of the AIM Rules for Companies and will therefore be conditional, inter alia, upon the publication of an admission document by the Company and the approval of Centurion Resources' shareholders at a general meeting.
In accordance with the AIM Rules, trading in the Company's ordinary shares have been suspended with effect from 12.30 p.m. today pending publication of an admission document by the Company or an announcement that the proposed acquisition is no longer proceeding.
The proposed acquisition also remains conditional on the granting of a waiver of the obligation to make a general offer pursuant to Rule 9 of the City Code on Takeovers and Mergers.
Whilst the proposed acquisition is at an advanced stage, there can be no certainty that it will be concluded successfully.
A further announcement will be made in due course.
Contact details:
Alastair Clayton | Centurion Resources Plc | + 44 (0) 20 3326 1729 |
Greg Kuenzel | Centurion Resources Plc | + 44 (0) 20 3326 1729 |
Ewan Leggat | SP Angel Corporate Finance LLP Nominated Adviser and Joint Broker | +44 (0) 20 3463 2260 |
Laura Littley | SP Angel Corporate Finance LLP | +44 (0) 20 3463 2276 |
Lindsay Mair | Sanlam Securities UK Joint Broker | +44 (0) 20 7628 2200 |
Catherine Miles | Sanlam Securities UK | +44 (0) 20 7628 2200 |
Elisabeth Cowell | St Brides Media and Finance Ltd | +44 (0) 20 7236 1177 |
Charlotte Heap | St Brides Media and Finance Ltd | +44 (0) 20 7236 1177 |