Appointment of Joint Broker

RNS Number : 9997Q

Savannah Resources PLC

25 June 2020

 

25 June 2020

Savannah Resources Plc

('Savannah', the 'Company' or the 'Group')

Appointment of Joint Broker

Savannah Resources Plc (AIM: SAV, FWB: SAV and SWB: SAV), the AIM quoted resource development company, is pleased to advise that it has appointed WH Ireland Limited ('WH Ireland') to act as Joint Broker to the Company with immediate effect.

David Archer, Savannah's Chief Executive Officer said, "We look forward to working with WH Ireland which will act as Joint Broker for the Group in the UK market. WH Ireland has a long track record in supporting growth companies and has a sizeable franchise in the junior mining sector. In recent years their team has gained significant experience from working with companies in the lithium space which should benefit Savannah, as we continue with our development plans for the Mina do Barroso Lithium Project in Portugal.

"It was announced in March 2020 that Panmure Gordon would be acquiring Whitman Howard. Whitman Howard is retiring as Joint Broker and I would like to thank the team at Whitman Howard for their efforts on behalf of Savannah over the past two years, first as Equity Adviser and then as Joint Broker.

"finnCap Ltd and SP Angel Corporate Finance LLP will continue in their roles as the Group's Joint Broker and Nominated Adviser, respectively. As announced on 27 May, Savannah is also being assisted in sourcing finance and partners for the Mina do Barroso Project by EIT InnoEnergy, the innovation engine for sustainable energy across Europe, which is responsible for the industrial development activities of the European Battery Alliance."

Regulatory Information

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

**ENDS**

For further information please visit www.savannahresources.com or contact:

Savannah Resources PLC David Archer, CEO	Tel: [phone]
SP Angel Corporate Finance LLP (Nominated Advisor) David Hignell / Charlie Bouverat	Tel: [phone]
finnCap Ltd (Joint Broker) Christopher Raggett	Tel: [phone]
WH Ireland Limited (Joint Broker) James Joyce/ Matt Chan (Corporate Finance) Adam Pollock/ Jasper Berry (Corporate Broking)	Tel: [phone]
St Brides Partners Ltd (Financial PR) Charlotte Page / Cosima Akerman	Tel: [phone]

About Savannah

Savannah is a diversified resources group (AIM: SAV) with a portfolio of energy metals projects - lithium in Portugal and copper in Oman - together with the world-class Mutamba Heavy Mineral Sands Project in Mozambique, which is being developed in a consortium with the global major Rio Tinto. The Board is committed to serving the interests of its shareholders and to delivering outcomes that will improve the lives of the communities we work with and our staff.

The Company is listed and regulated on AIM and the Company's ordinary shares are also available on the Quotation Board of the Frankfurt Stock Exchange (FWB) under the symbol FWB: SAV, and the Börse Stuttgart (SWB) under the ticker "SAV".

 

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