TIDMPERE TIDMTHR

RNS Number : 0947I

Pembridge Resources PLC

14 June 2017

14(th) June 2017

Pembridge Resources Plc

("Pembridge" or "the Company")

Signing of the Share Purchase Agreement

Pembridge Resources plc (LON: PERE), the AIM listed natural resource exploration and development company, today announces that a Share Purchase Agreement (SPA) has been signed between Pembridge (the Seller) and Thor Mining PLC ("Thor") (the Buyer) for the sale of the US based Lithium assets, currently held by the Company.

Further to the RNS on 8 February 2017, Pembridge has sold its shareholding for a consideration of $75,000 payable in cash. The proceeds will be used to fund normal working capital.

David Linsley, CEO, Stated:

"As with the recently sold Botswana assets, the early stage exploration Lithium assets we inherited from previous management are not suitable under the Company's strategy going forward.

"While we complete the restructuring of Pembridge, working towards joining the main board of the LSE, we will continue to develop the exciting pipeline of projects our team has sourced."

 
 Pembridge Resources       T: +44 (0)203 
  PLC                       778 0655 
  David Linsley, Chief 
  Executive Officer 
 SPARK Advisory Partners   T: +44 (0) 2033 
  - Nominated Adviser       683 555 
  Sean Wyndham-Quin 
  Neil Baldwin              www.sparkadvisorypartners.com 
 Shard Capital - Joint     T: +44 (0) 20 
  Broker                    7186 9900 
  Damon Heath 
 
  SI Capital Limited -      T: +44 (0) 1483 
  Joint Broker              413 500 
  Nick Emerson 
  Andy Thacker 
 Beaufort Securities       T: +44 (0) 207 
  Limited - Joint Broker    382 8300 
  Zoe Alexander 
 
 Blytheweigh - Financial   T: +44 (0) 207 
  PR                        138 3204 
  Tim Blythe, Camilla 
  Horsfall, Nick Elwes

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

June 14, 2017 09:30 ET (13:30 GMT)

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