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Richmond Hill Resources PLC on Monday posted the admission document which signals its move to trading on AIM instead of the Aquis Exchange amid a reverse takeover process. Richmond Hill is a London-based holding company, formerly known as Rogue Baron PLC. Natural resource sector investor Gunsynd PLC has a 3.43% stake in the company, as of June 30. Early September, Richmond Hill shared plans to change its trading venue to London’s junior market from Aquis Growth, based on recent improvements in the natural resource investing sector, and in copper specifically. This followed an agreement in April to acquire Canadian mining company Bulawayo CC Ventures Ltd through a £3.3 million reverse takeover. Bulawayo is the owner of the Saint-Sophie project, which includes 145 exploration titles across 87 square kilometres in the Quebec province. The long-stop date was postponed to October 15 from June 30 due to administrative delays in Canada whilst Richmond Hill’s shares remained temporarily suspended on Aquis. As of Tuesday, trading of its shares has resumed, and Richmond Hill expects the enlarged company’s shares to move to AIM on October 15. It has also proposed a £1.4 million placing priced at 1 pence per share, alongside the subdivision and reorganisation of its shares, subject to voting approval at a meeting on October 13. Richmond Hill shares were last quoted at 1.00 pence each on Aquis. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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