Metminco Limited Temporary Suspension (6579A)

TIDMMNC

RNS Number : 6579A

Metminco Limited

13 September 2018

 
 AIM ANNOUNCEMENT                 13(th) 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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September 13, 2018 02:13 ET (06:13 GMT)

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