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.
Appointment of Joint Broker
The Company has appointed
Oak Securities (a trading name of Merlin Partners
LLP) as joint broker to work alongside its existing broker Tavira
for the forthcoming capital raise.
Roy Pitchford Commented:
"We've now reached an advanced phase on the transaction and
will be looking to conclude the capital raise next month and then
ultimately close the transaction and seek readmission to trading.
We welcome Oak Securities to the team and look forward to their
support on the forthcoming capital raise."
Roy Pitchford
Non-Executive Chairman, Mining,
Minerals & Metals plc
Telephone +44 (0)20 7317
0644
Email: roy@mmmplc.com
Tavira Financial Limited - Financial
Adviser and Joint Broker
Jonathan Evans
Telephone: +44 (0)20 3192
1733
OAK Securities - Joint
Broker
Jerry Keen
Henry Clarke
Tel. +44 (0)20 3973 3678