The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMining Minera. Regulatory News (MMM)

  • This share is currently suspended. It was suspended at a price of 3.90

Share Price Information for Mining Minera. (MMM)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 3.90
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 0.00 (0.00%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 3.90
MMM Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Proposed acquisition and Suspension of Listing

7 Oct 2021 07:45

RNS Number : 3346O
Mining, Minerals & Metals PLC
07 October 2021
 

Mining, Minerals & Metals plc

7 October 2021

 

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS ‎NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.‎

 

 

Mining, Minerals & Metals Plc/Index: LSE/Epic: MMM/Sector: Natural Resources

 

 

 

Mining, Minerals & Metals plc

("MMM" or the "Company")

 

Proposed acquisition and Suspension of Listing

 

 

The Board of MMM is pleased to announce that it is in early stage discussions and has entered into a non-binding term sheet with Africa Resources Holdings, LLC ("ARH") to acquire the entire issued share capital of Narnia Mauritius Gas Holdings Limited ("NMGH"), that will hold a ninety five percent ("95%"), interest in Inert Gas Industries (Proprietary) Limited ("IGI"), which in turn owns the Lindley Natural Gas Project ("LNGP") exploration licences situated in the Free State Province of South Africa ("The Proposed Transaction").

 

The discussions with ARH remain subject to contract, satisfactory completion of due diligence and additional equity fundraising.

 

ARH have indicated that the LNGP exploration licences cover an area of 27,000 hectares with a portion of the LNGP licence area being previously operated by the Anglo American Corporation of South Africa Limited for approximately ten years producing both Methane and Helium gas. The Methane gas was flared whilst the Helium gas was sold locally in South Africa. Subject to compliance with all the requirements of the regulatory authorities in South Africa, following completion of the Proposed Transaction, MMM, intends to secure production permits to facilitate the production and distribution of Methane, Helium and any other marketable products from LNGP.

 

The Proposed Transaction, if completed, would constitute a reverse takeover under the Listing Rules and accordingly the Company would need to apply for re-admission of its shares to the Official List and the Main Market of the London Stock Exchange. As the Company is currently unable to provide a full disclosure under Listing Rule 5.6.15, at the request of the Company the FCA has suspended the Company's listing in its ordinary shares on the standard segment of the Official List and trading from the London Stock Exchange ("LSE") with effect from 7.30 a.m. today, pending the publication of a prospectus providing further detail on NMGH, IGI and LNGP and the Company as enlarged by the Proposed Transaction.

 

In the event that the Proposed Transaction does not proceed the Company will seek the lifting of its suspension from the standard segment of the Official List and trading on the LSE.

 

The Proposed Transaction is conditional on a number of conditions including; i) satisfactory due diligence ii) entering into a definitive legal agreements iii) raising further funds for the Proposed Transaction; iv) approval by shareholders at a General Meeting to be convened; v) obtaining all necessary approvals (if required) and; vi) 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.

 

 

*ENDS*

 

For further information please contact:

 

Mining, Minerals & Metals plc E: info@mmmplc.com

 

Brandon Hill Capital Limited T: +44 (0)20 3463 5000

Financial Advisor and Broker

Jonathan Evans

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCGLBDGLBGDGBR
12
Date   Source Headline
28th Mar 20242:47 pmRNSUpdate & Appointment of Joint Broker
1st Dec 20237:00 amRNSLodgement of Prospectus
30th Oct 202311:30 amRNSInterim Results for the Period Ended 31 July 2023
26th Oct 20232:00 pmRNSAcquisition & Suspension of Listing – Update
6th Jul 20231:15 pmRNSResults of AGM
12th Jun 20238:00 amRNSNotice of Annual General Meeting
30th May 20239:30 amRNSAnnual Report and Financial Statements
31st Jan 20237:00 amRNSCompany Update
27th Oct 20227:00 amRNSInterim Results
28th Sep 20224:00 pmRNSChange of Registered Office
6th Jul 20222:00 pmRNSResult of AGM
10th Jun 20221:00 pmRNSNotice of AGM
31st May 20227:00 amRNSAnnual Financial Report
4th Jan 20223:41 pmRNSChange of Adviser
16th Dec 20217:00 amRNSTR-1: Standard form notification of major holdings
16th Dec 20217:00 amRNSTR-1: Standard form notification of major holdings
16th Dec 20217:00 amRNSTR-1: Standard form notification of major holdings
27th Oct 202111:00 amRNSInterim Results Six Months Ended 31 July 2021
7th Oct 20217:45 amRNSProposed acquisition and Suspension of Listing
1st Oct 20213:00 pmRNSTR-1: Standard form notification of major holdings
12th Jul 202110:51 amRNSDirector/PDMR Shareholding
2nd Jul 20211:30 pmRNSResults of AGM
8th Jun 202111:30 amRNSNotice of Annual General Meeting
28th May 20211:00 pmRNSAnnual Report & Financial Statements
26th Apr 20217:00 amRNSAppointment of Financial Adviser and Joint Broker
8th Apr 20218:00 amRNSTR-1 Major Shareholding Notification
7th Apr 20219:05 amRNSSecond Price Monitoring Extn
7th Apr 20219:00 amRNSPrice Monitoring Extension
11th Mar 202110:12 amRNSCorporate Update
10th Mar 20214:13 pmRNSTR-1 Major Shareholding Notification
10th Mar 20214:09 pmRNSTR-1 Major Shareholding Notification
10th Mar 20214:08 pmRNSTR-1 Major Shareholding Notification
10th Mar 20214:05 pmRNSTR-1 Major Shareholding Notification
22nd Feb 202110:30 amRNSAppointment of Chairman
15th Feb 20217:00 amRNSCorporate Update and Board Changes
12th Feb 20214:55 pmRNSReplacement TR-1: Major Shareholding Notification
11th Feb 20217:00 amRNSReplacement TR-1: Major Shareholding Notification
11th Feb 20217:00 amRNSReplacement TR-1: Major Shareholding Notification
10th Feb 20214:41 pmRNSSecond Price Monitoring Extn
10th Feb 20214:36 pmRNSPrice Monitoring Extension
10th Feb 20213:58 pmRNSTR-1 Major Shareholding Notification
10th Feb 20212:30 pmRNSTR-1: Major Shareholding Notification
10th Feb 20212:30 pmRNSTR-1: Major Shareholding Notification
10th Feb 202111:07 amRNSTR-1 Major Shareholding Notification
5th Feb 20215:26 pmRNSTR-1 Major Shareholding Notification
8th Jan 20214:40 pmRNSSecond Price Monitoring Extn
8th Jan 20214:35 pmRNSPrice Monitoring Extension
8th Jan 20212:06 pmRNSSecond Price Monitoring Extn
8th Jan 20212:01 pmRNSPrice Monitoring Extension
8th Jan 202111:05 amRNSSecond Price Monitoring Extn
12

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.