Extension of Long Stop Date

RNS Number : 1321G

Eastinco Mining and Exploration PLC

25 March 2022

 

25 March 2022

Eastinco Mining and Exploration plc

("Eastinco" or the "Company")

Extension of Long Stop Date

The Company is pleased to provide the following update on the proposed acquisition of Aterian Resources Ltd ("Aterian") from Altus Strategies plc ("Altus").

As additional time is required to satisfy the conditions precedent with respect to the acquisition of Aterian, the Company and Altus have agreed that the long stop date shall be further extended to 29 April 2022. Save as disclosed above, the terms and conditions of the acquisition remain unchanged.

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended).

The Directors take responsibility for this announcement.

Enquiries:

For further information, please visit the company website www.eastinco.com or contact:

Eastinco Mining & Exploration Plc:

Charles Bray, Executive Chairman - [e-mail]

Simon Rollason, Director - [e-mail]

AQSE Growth Market Corporate Adviser:

Novum Securities Limited

David Coffman / Lucy Bowden

Tel: [phone]

Financial PR:
Yellow Jersey PR - [e-mail]
Tom Randell / Henry Wilkinson / Laurie Gellhorn
Tel: [phone]

Notes to Editors:

About Eastinco Mining and Exploration plc

www.eastinco.com

Eastinco Mining and Exploration plc is an exploration and development company developing its portfolio of African focused critical and strategic metal assets, listed on the AQUIS Market in London.

We are actively seeking to acquire and develop new critical and strategic metal resources to strengthen our existing asset base, whilst supporting ethical and sustainable supply chains. The supply of these metals is vital for the development of the renewable energy, automotive and electronic manufacturing sectors that are playing an increasing role in reducing carbon emissions and meeting climate ambitions globally.

In 2019, we acquired Eastinco Limited, our Rwandan based subsidiary exploration, development, and trading company. We currently have three joint ventures in Rwanda where we are exploring for and are developing small-scale tantalum-niobium-tin mining operations.

 

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