Stranger Holdings PLC Update (2882N)
29 Septiembre 2021 - 1:00AM
UK Regulatory
TIDMSTHP
RNS Number : 2882N
Stranger Holdings PLC
29 September 2021
29 September 2021
Stranger Holdings Plc ("Stranger" or the "Company")
Update
Stranger Holdings PLC, the London listed investment company, has
entered into a non-binding Memorandum of Understanding ("MoU") for
the acquisition of certain African based resource assets ("the
Acquisition"). Given the contemplated scale of the Acquisition,
this will constitute a reverse takeover of Stranger and will
require the publication of a Prospectus prior to re-admission. A
further update shall be provided upon conclusion of the execution
of a formal and binding Share Purchase Agreement.
The Company is no longer proceeding with the transaction
referred to in the RNS dated 8 April 2021. Substantial monies have
been lent to Tech Minerals Ltd's subsidiary, Recyclus Ltd, and
further costs and liabilities incurred in the lengthy transaction
process. Accordingly, Letters before Action against certain related
companies and several of their principles in person have been
actioned or are in the process of being actioned.
ENDS
For further information visit www.strangerholdingsplc.com or
contact the following:
Stranger Holdings plc James Longley info@strangerholdingsplc.com
Financial PR St Brides Partners Ltd info@stbridespartners.co.uk
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END
MSCSELFWAEFSESU
(END) Dow Jones Newswires
September 29, 2021 02:00 ET (06:00 GMT)
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