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African Battery (POW)

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Friday 21 June, 2019

African Battery

Change of Name

RNS Number : 0867D
African Battery Metals PLC
21 June 2019
 

21 June 2019

 

African Battery Metals plc ("ABM" or the "Company")

Name Change to Power Metal Resources plc

 

African Battery Metals plc (LON:ABM) the AIM listed battery metal exploration and development company is pleased to advise that the Company has agreed by board resolution to change its name to Power Metal Resources Plc.

The change of name application has been processed at Companies House and all relevant corporate regulatory procedures have been completed. 

The Company will commence trading on Monday 24 June 2019 under the new name of Power Metal Resources Plc and a new Tradable Instrument Display Mnemonic ("TIDM" or "Ticker") of  POW.

The new website will be available from 7am on Monday 24 June 2019 at  www.powermetalresources.com and enquiries may then be sent to [email protected].

All other information in respect of the Company remains unchanged including the contact address and telephone number which are detailed on the website. 

Existing ABM share and warrant certificates will remain valid and replacements will not be issued. 

Paul Johnson Executive Director of African Battery Metals commented: "Since the restructuring and refinancing approved by shareholders in February 2019 ABM has taken multiple steps forward.  

The Company now has active operational interests in Botswana, Cameroon, the DRC and Tanzania. Each project interest is seeing exploration work undertaken and is expected to deliver operational news to the market in the near future.

We are now marking the reinvigorated business with a new name which we feel reflects the new drive of the Company. With so much operational activity we are pushing hard towards our strategic objective of identifying large scale mineral deposits.

I would like to thank shareholders for their ongoing support and make the promise that we will continue to proactively drive Power Metal Resources forward in the pursuit of that first large scale discovery."

 

For further information please visit https://www.abmplc.com/ or contact:

 

African Battery Metals plc


Paul Johnson (Executive Director)

+44 (0) 7766 465 617

SP Angel Corporate Finance (Nomad and Joint Broker)


Ewan Leggat

+44 (0) 20 3470 0470

 SI Capital Limited (Joint Broker)

Nick Emerson                                                                                                                    +44 (0) 1483 413 500


 

Notes to Editors:

ABM is an AIM listed, Africa focused, resource company exploring for the key metals used in next generation batteries that fuel the new electric vehicle revolution. The Board and team of advisors, who have proven expertise in African exploration, mining and project generation, have identified an opportunity to utilise the Company's position to become a leader in the London market for investors to gain exposure to the battery metal commodity suite, particularly cobalt, lithium, copper and nickel. 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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