Central Asia Metals PLC Completion of Aberdeen Minerals Initial Investment
03 Juin 2024 - 8:00AM
RNS Regulatory News
RNS Number : 7365Q
Central Asia Metals PLC
03 June 2024
03 June 2024
CENTRAL ASIA METALS
PLC
('CAML'
or the 'Company')
Completion of Initial Investment in Aberdeen Minerals
Ltd
Central Asia Metals plc (AIM: CAML) announces
that, following the successful fulfilment of the transaction
closing conditions, as described in its announcement dated 25 March
2024, the Company has now completed its £3 million initial
investment in Aberdeen Minerals Ltd ('Aberdeen'). CAML now has
35,294,117 shares, purchased at a price of 8.5 pence per share, and
a 28.7% shareholding in Aberdeen.
Further to completion, CAML was issued warrants
to invest an additional £2 million at a price of 11 pence per
share, which if exercised, would bring CAML's ownership to 37.8%,
assuming no further changes to Aberdeen's issued share
capital.
CAML also confirms that, upon completion of
this transaction, Louise Wrathall, CAML's Executive Director of
Corporate Development, joined the Aberdeen board as a Non-Executive
Director.
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Central Asia Metals
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Tel: +44 (0) 20 7898 9001
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Nigel Robinson, CEO
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Gavin Ferrar, CFO
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Louise Wrathall, Director of Corporate
Development
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louise.wrathall@centralasiametals.com
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Peel Hunt (Nominated Advisor and Joint
Broker)
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Tel: +44 (0) 20 7418 8900
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Ross Allister
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David McKeown
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Georgia Langoulant
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BMO
Capital Markets (Joint Broker)
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Tel: +44 (0) 20 7236 1010
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Thomas Rider
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Pascal Lussier Duquette
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BlytheRay (PR
Advisors)
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Tel: +44 (0) 20 7138 3204
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Tim Blythe
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Megan Ray
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Note to
editors:
Central Asia Metals, an AIM-listed UK company
based in London, owns 100% of the Kounrad SX-EW copper project in
central Kazakhstan and 100% of the Sasa zinc-lead mine in North
Macedonia. The Company also owns an 80% interest in
CAML Exploration, a subsidiary that was formed to progress early
exploration opportunities in Kazakhstan, and a 28.7% interest in
Aberdeen Minerals Ltd, a privately owned UK company focused on the
exploration and development of base metals opportunities in
Northeast Scotland.
For further information, please
visit www.centralasiametals.com and
follow CAML on X at @CamlMetals and on LinkedIn at Central
Asia Metals Plc
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END
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