13 Sep 2018 07:13
AIM ANNOUNCEMENT | 13th September 2018 |
AIM Suspension and ASX Trading Halt |
Metminco Limited ("Metminco" or the "Company") (ASX: MNC; AIM: MNC) advises that trading in the shares of the Company was halted on the Australian Securities Exchange ("ASX") today pursuant to ASX Listing Rule 17.1. The ASX trading halt was requested in connection with an announcement that the Company expects to make regarding a proposed capital raising and acquisition.
The Company requested the trading halt end on the earlier of the commencement of trading on ASX on Monday 17th September 2018, or when the anticipated announcement referred to above is released to the market.
Should the proposed acquisition proceed, it would constitute a reverse takeover under Rule 14 of the AIM Rules for Companies ("AIM Rules") and require shareholder approval and publication of an admission document.
As the acquisition target is neither a listed company nor an AIM company, pursuant to Rule 14 of the AIM Rules the Company's shares will be suspended from trading on AIM with immediate effect until either publication of the admission document or announcement of the acquisition not proceeding.
For further enquiries contact:
Kevin Wilson
Executive Chairman Metminco Limited;
kwilson@metminco.com.au
+61 409 942 355
For further information, please contact: METMINCO LIMITED | ||
Kevin Wilson | +61 409 942 355 | |
NOMINATED ADVISOR AND JOINT BROKER | ||
RFC Ambrian | ||
Australia | ||
Andrew Thomson / Alena Broesder | +61 2 9250 0000 | |
United Kingdom | ||
Charlie Cryer | +44 20 3440 6800 | |
JOINT BROKER | ||
Stockdale Securities | ||
United Kingdom Corporate Finance- Robert Finlay/ Ed Thomas Sales- Zoe Alexander | +44 20 7601 6100 | |
PUBLIC RELATIONS | ||
Camarco United Kingdom | ||
Gordon Poole / Nick Hennis | +44 20 3757 4997 | |
Market Abuse Regulation (MAR) Disclosure
The information communicated in this announcement includes inside information for the purposes of Article 7 of Regulation 596/2014.
Forward Looking Statement
All statements other than statements of historical fact included in this announcement including, without limitation, statements regarding future plans and objectives of Metminco are forward-looking statements. When used in this announcement, forward-looking statements can be identified by words such as ''anticipate", "believe", "could", "estimate", "expect", "future", "intend", "may", "opportunity", "plan", "potential", "project", "seek", "will" and other similar words that involve risks and uncertainties.
These statements are based on an assessment of present economic and operating conditions, and on a number of assumptions regarding future events and actions that, as at the date of this announcement, are expected to take place. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, its directors and management of Metminco that could cause Metminco's actual results to differ materially from the results expressed or anticipated in these statements.
The Company cannot and does not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this announcement will actually occur and investors are cautioned not to place undue reliance on these forward-looking statements. Metminco does not undertake to update or revise forward-looking statements, or to publish prospective financial information in the future, regardless of whether new information, future events or any other factors affect the information contained in this announcement, except where required by applicable law and stock exchange listing.