Citius Resources PLC Appointment of Joint Broker (6547H)

TIDMCRES

RNS Number : 6547H

Citius Resources PLC

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 
        --------------------- 
 LEI     213800TNHZ0A4JIZK687 
        --------------------- 
 TIDM    CRES 
        --------------------- 
 
 
 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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April 07, 2022 05:43 ET (09:43 GMT)

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