GB00B63R0322
29 July 2019
Equatorial Mining and Exploration Plc
("EME" or the "Company")
Amendment to the Share Purchase Agreement, Completion of Convertible Loan Note Issuance, Update in respect of Fundraising
Capitalised terms used but not defined in this announcement shall have the meanings given to them in the circular posted by the Company on 8 July 2019.
Amendment to Share Purchase Agreement
The directors of EME announce that due to a technical delay in the transfer of certain mining licenses required as a condition to completion of the share purchase agreement in respect of the acquisition of Eastinco Ltd (the "SPA"), it is unlikely that the transaction contemplated by the SPA will be completed by the long stop date of 31 July set out therein. Accordingly, the directors have entered into an amendment agreement to the SPA with the sellers of Eastinco Ltd to extend the long stop date in the SPA to 30 September 2019.
Further, the directors of EME announce that Eastinco has begun preliminary discussions on a new joint venture mining opportunity in southern
Completion of the Issuance of Convertible Loan Notes
The Company has completed the issuance of
Update in respect of Fundraising Shares
The 4,000,000,000 Fundraising Shares (with an aggregate nominal value of
The Directors of the Company accept responsibility for the announcement.
Equatorial Mining & Exploration Plc: charles.bray@eme-plc.com
Charles
NEX EXCHANGE CORPORATE ADVISER:
Alexander David Securities Limited
David Scott -Corporate Finance
James Dewhurst - Corporate Broking
Telephone: +44 (0) 20 7448 9820
http://www.ad-securities.com
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