China Africa Resources PLC Change of Name, Registered Address and Update (9452B)
07 Abril 2017 - 7:20AM
UK Regulatory
TIDMCAF
RNS Number : 9452B
China Africa Resources PLC
07 April 2017
7 April 2017
China Africa Resources plc
("China Africa")
Change of Name, Registered Address and Corporate Update
China Africa Resources plc (LON:CAF), the AIM listed natural
resource exploration and development company, announces that it has
now completed the formal process of changing its name to Pembridge
Resources plc (LON:PERE) (the "Company" or "Pembridge"). Dealings
under the new name are expected to commence at 8.00 a.m. on 10
April 2017.
The Company's website address will be www.pembridgeresouces.com
with effect from today.
The Company also announces that it has changed its registered
address to: Suite A, 6 Honduras Street, London EC1Y 0TH with
immediate effect.
The Company has noted considerable speculation about its
intentions and would like to take this opportunity to provide an
update to its shareholders.
The Directors believe that the mining, engineering and finance
expertise it has acquired at a senior level since the management
changes started on 17 February 2017 makes it well-placed to
identify and potentially develop a number of projects which are
currently under consideration.
An option under consideration by the Board is for Pembridge to
become an AIM Rule 8 Investing Company while maintaining the
ability to complete a Reverse Takeover ("RTO") should an
appropriate opportunity arise.
David Linsley, Chief Executive Officer, said:
"In a very short time we have put together a team that is highly
experienced in developing producing, cash-flow generating assets.
Through our exclusive network we have sourced a number of
compelling projects and we are carrying out initial due diligence
on these. Shareholders will appreciate that at this early stage we
cannot reveal any specific details about these opportunities. We
continue to evaluate both the Botswanan copper investment and the
Lithium project that management has inherited and will provide the
market with an update once our review has been completed. We are
cognisant of the time constraints imposed on us by the stock
exchange however we are confident that we will be able to move
forward as either a Rule 8 Investing Company or on an RTO in the
not too distant future"
Shareholders should be aware that within six months of becoming
an AIM Rule 15 cash shell (on 11 January 2017), the Company must
make an acquisition or acquisitions which constitutes a reverse
takeover under Rule 15 or face suspension from trading on AIM. The
process of converting into a Rule 8 Investing Company will also
satisfy the requirements of Rule 15.
Contact:
Pembridge Resources plc T: +44 (0)203 778
David Linsley, Chief Executive 0655
Officer
SPARK Advisory Partners T: +44 (0) 2033
- Nominated Adviser 683 555
Sean Wyndham-Quin
Neil Baldwin www.sparkadvisorypartners.com
SI Capital Limited - Joint T: +44 (0) 1483
Broker 413 500
Nick Emerson
Andy Thacker
Beaufort Securities Limited T: +44 (0) 207 382
- Joint Broker 8300
Elliot Hance
Blythe Weigh - Financial T: +44 (0) 207 138
PR 3204
Tim Blythe, Camilla Horsfall,
Nick Elwes
The information communicated in this announcement contains
inside information for the purposes of Article 7 of Regulation
596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCBGGDSIBGBGRR
(END) Dow Jones Newswires
April 07, 2017 06:20 ET (10:20 GMT)
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