REG - Central Asia Metals - Completion of Aberdeen Minerals Initial Investment

Central Asia MetalsAnnouncement

03/06/2024 07:00

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RNS Number : 7365Q  Central Asia Metals PLC  03 June 2024

 03 June 2024

CENTRAL ASIA METALS PLC

('CAML' or the 'Company')

Completion of Initial Investment in Aberdeen Minerals Ltd

Central Asia Metals plc (AIM: CAML) announces that, following the successful
fulfilment of the transaction closing conditions, as described in its
announcement dated 25 March 2024, the Company has now completed its £3
million initial investment in Aberdeen Minerals Ltd ('Aberdeen'). CAML now has
35,294,117 shares, purchased at a price of 8.5 pence per share, and a 28.7%
shareholding in Aberdeen.

 

Further to completion, CAML was issued warrants to invest an additional £2
million at a price of 11 pence per share, which if exercised, would bring
CAML's ownership to 37.8%, assuming no further changes to Aberdeen's issued
share capital.

 

CAML also confirms that, upon completion of this transaction, Louise Wrathall,
CAML's Executive Director of Corporate Development, joined the Aberdeen board
as a Non-Executive Director.

 

 Central Asia Metals                                 Tel: +44 (0) 20 7898 9001
 Nigel Robinson, CEO
 Gavin Ferrar, CFO
 Louise Wrathall, Director of Corporate Development  louise.wrathall@centralasiametals.com
                           (mailto:louise.wrathall@centralasiametals.com)

 Peel Hunt (Nominated Advisor and Joint Broker)      Tel: +44 (0) 20 7418 8900
 Ross Allister
 David McKeown
 Georgia Langoulant

 BMO Capital Markets (Joint Broker)                  Tel: +44 (0) 20 7236 1010
 Thomas Rider
 Pascal Lussier Duquette

 BlytheRay (PR Advisors)                             Tel: +44 (0) 20 7138 3204
 Tim Blythe
 Megan Ray

 

Note to editors:

 

Central Asia Metals, an AIM-listed UK company based in London, owns 100% of
the Kounrad SX-EW copper project in central Kazakhstan and 100% of the Sasa
zinc-lead mine in North Macedonia. The Company also owns an 80% interest in
CAML Exploration, a subsidiary that was formed to progress early exploration
opportunities in Kazakhstan, and a 28.7% interest in Aberdeen Minerals Ltd, a
privately owned UK company focused on the exploration and development of base
metals opportunities in Northeast Scotland.

For further information, please visit www.centralasiametals.com
(http://www.centralasiametals.com/)  and follow CAML on X at @CamlMetals and
on LinkedIn at Central Asia Metals Plc

 

 

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