Update on proposed acquisition of Rome Resources

Pathfinder Minerals Plc

01 July 2024

 

1 July 2024

Pathfinder Minerals plc

("Pathfinder" or the "Company")

Further update on the proposed acquisition of Rome Resources Ltd

Pathfinder Minerals PLC (AIM:PFP), an AIM Rule 15 cash shell, provides the following update on its proposed acquisition of the entire issued and to be issued share capital of Rome Resources Ltd ("Rome Resources") (the "Proposed Transaction").

The Company notes the announcement made by Rome Resources on 28 June 2024, detailing, inter alia, the date of the special meeting of Rome Resources' shareholders to approve the conditional plan of arrangement in relation to the Proposed Transaction has been postponed from 2 July 2024 to 12 July 2024. As further detailed in the Rome Resources announcement, this postponement has been made to provide Rome Resources' shareholders with time to review the AIM admission document (the "Admission Document"). Further details of the Rome Resources announcement are available for viewing on the SEDAR+ website.

The Company is pleased to report that considerable progress has been made by the Company and its advisers in relation to finalising the necessary transaction documentation, including work on the AIM Admission Document, given that the Proposed Transaction is classified as a reverse takeover under the AIM Rules for Companies. In this regard, the Company continues to diligently progress the Proposed Transaction towards completion and currently expects to publish an AIM admission document (the "Admission Document") in respect of the Proposed Transaction in early July 2024.

Paul Barrett, Executive Director of Pathfinder Minerals Plc comment:

"We believe that the proposed acquisition of Rome Resources will deliver a transformational transaction to the Company and will create new opportunities for all our stakeholders in the months and the years ahead. I am also pleased with the collective progress made to date by all advisers in relation to progressing all the necessary documentation to complete the Proposed Transaction".

Enquiries:

Pathfinder Minerals Plc

Paul Barrett, Executive Director

Tel. [phone]

Allenby Capital Limited (Nominated Adviser and Broker)

John Depasquale / Vivek Bhardwaj / Lauren Wright (Corporate Finance)

Stefano Aquilino / Joscelin Pinnington (Sales & Corporate Broking)

Tel. [phone]

OAK Securities (Joint Broker)

Jerry Keen, Head of Corporate Broking ([e-mail])

Henry Clarke, Head of Sales ([e-mail])

Tel. [phone]

Camarco (Financial PR)

Gordon Poole / Emily Hall / Sam Morris

Tel. [phone]

OAK Securities is a trading name of Merlin Partners LLP. Merlin Partners LLP is authorised and regulated by the Financial Conduct Authority (Reference Number: 449191). Merlin Partners LLP is registered in England and Wales (Registered Partnership Number: OC317265).

 

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