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
Simon Rollason, Director - simon.rollason@eme-plc.com
AQSE Growth Market Corporate Adviser:
Novum Securities Limited
David Coffman / Lucy Bowden
Tel: +44 (0)207 399 9400
Financial PR:
Yellow Jersey PR - eastinco@yellowjerseypr.com
Tom Randell / Henry Wilkinson / Laurie Gellhorn
Tel: +44 (0)20 3004 9512/ +44 (0)7948 758 681
Notes to Editors:
About Eastinco Mining and Exploration plc
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
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
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