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Pathfinder Minerals PLC - London-based AIM cash shell - Raises £4.0 million in placing of 1.33 billion shares at 0.30 pence per share as part of its reverse takeover of Rome Resources Ltd. The placing is run by Allenby Capital Ltd, Pathfinder’s nominated adviser and joint broker, alongside Oak Securities. Pathfinder calls a general meeting of shareholders for July 25 to approve the deal, which will see the company relist on AIM as Rome Resources PLC the day after. Pathfinder shares are currently suspended from trading. Rome Resources is a Canada-based mineral explorer currently listed on the TSX Venture Exchange in Toronto. It has interests in tin projects in North Kivu province in the eastern part of Democratic Republic of Congo. Pathfinder will buy Rome Resources with the issue of 2.35 billion new Pathfinder shares. It expects to have a market capitalisation of £14.6 million upon readmission to AIM. Copyright 2024 Alliance News Ltd. All Rights Reserved.
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