(Alliance News) - Mining Minerals & Metals PLC - London-headquartered acquisition vehicle seeking assets in natural resources sector - Reports GBP159,478 pretax loss for year ended January 31, compared with GBP172,760 the prior year. Generated no revenue, unchanged year on year. Administrative expenses increased 7.4% to GBP159,681 from GBP172,468. Company declared no annual dividend as it intends to retain all earnings for use in business operations. Intends to complete acquisition of entire issued share capital of Narnia Mauritius Gas Holdings Ltd in agreement with Africa Resources Holdings LLC, and is in process of acquiring an unnamed gas asset in Botswana. Says it will need additional funding in the near term to continue operating as a going concern, but remains confident that this will become available.
Shares are suspended from trading in London, pending the publication of a prospectus regarding the Narnia Mauritius acquisition.
By Emma Curzon, Alliance News reporter
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Mining, Minerals & Metals plc (MMM)