Citius Resources PLC Appointment of Joint Broker (6547H)
07 Abril 2022 - 4:43AM
UK Regulatory
TIDMCRES
RNS Number : 6547H
Citius Resources PLC
07 April 2022
07 April 2022
Citius Resources Plc
("Citius" or the "Company")
Appointment of Joint Broker
Citius Resources Plc (LSE: CRES), an investment company seeking
to acquire a company or project in precious and/or base metals is
pleased to announce the appointment of Shard Capital Partners
("Shard") as joint broker to the Company. As Citius gets closer to
an investment decision it is pleased to now have Shard on board as
joint broker which represents a strong endorsement for the
company's plans moving forward.
Cameron Pearce, Executive Director commented:
"I am delighted to announce the appointment of Shard Capital as
Citius' joint-broker, especially as we get closer to our inaugural
investment decision which we would expect to provide a further
update on in the very near future."
About Citius
Citius Resources Plc was incorporated in England and Wales on 15
April 2020 and was formed to undertake the acquisition of a target
company or business (the "Acquisition").
Following completion of an Acquisition, the objective of the
Company will be to operate the acquired business and implement an
operating strategy with a view to generating value for its
Shareholders through operational improvements as well as
potentially through additional complementary acquisitions following
the Acquisition. Following the Acquisition, the Company intends to
seek re -- admission of the enlarged group to listing on the
Official List and trading on the London Stock Exchange or admission
to another stock exchange.
The Company's efforts in identifying a prospective target
company or business will not be limited to a particular industry or
geographic region. However, given the experience of the Directors,
the Company expects to focus on acquiring an exploration or
production company or business in the precious and base metals
sector with either all or a substantial portion of its operations
in Europe, Africa, and the Middle East.
When assessing a potential Acquisition, the Board will pay
particular attention to the following overriding factors:
-- the existence of production and/or potential production which
will over time provide cash flow for the business;
-- strong exploration potential in known precious and base metals producing areas;
-- the quality of the management; and
-- an established track record of developing precious and base metals assets.
Dealing Codes
ISIN GB00BMGRFP88
SEDOL BMGRFP8
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LEI 213800TNHZ0A4JIZK687
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TIDM CRES
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Contact details:
Citius Resources Plc
Cameron Pearce Tel: +44 (0)1624 681 250
cp@pangaeaenergy.co.uk
Tavira Securities Limited
Jonathan Evans Tel: +44 (0)20 7100 5100
jonathan.evans@tavirasecurities.com
Shard Capital Partners
Damon Heath Tel: +44 (0)20 7186 9927
damon.heath@shardcapital.com
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END
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(END) Dow Jones Newswires
April 07, 2022 05:43 ET (09:43 GMT)
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