Savannah Resources PLC Appointment of Joint Corporate Broker (9887E)
02 Novembro 2022 - 4:01AM
UK Regulatory
TIDMSAV
RNS Number : 9887E
Savannah Resources PLC
02 November 2022
2 November 2022
Savannah Resources Plc
(AIM: SAV, FWB: SAV and SWB: SAV) ('Savannah', or the
'Company')
Appointment of Joint Corporate Broker
Savannah, the European lithium development company, is pleased
to announce the appointment of SP Angel Corporate Finance LLP ('SP
Angel') as Joint Corporate Broker with immediate effect, adding to
its existing role as the Company's Nominated Adviser. RBC Capital
Markets ('RBC') will continue in its role as Joint Corporate
Broker.
Dale Ferguson, CEO of Savannah commented "Savannah has enjoyed a
very effective working relationship with SP Angel as our Nominated
Adviser for a number of years, and we now look forward to
benefiting from their natural resource sector expertise through
their broking services as well.
"While Savannah completes the work required to resubmit its EIA
for the Barroso Lithium Project in Q1 2023, we also remain focused
on cost management and maintaining a robust cash position. Hence,
we have decided to rationalise our panel of capital market
advisers. With immediate effect, SP Angel will be combining its
existing role as Nominated Adviser with that of Joint Broker,
working alongside RBC.
I would like to take this opportunity to thank the teams at
finnCap and WH Ireland for their efforts and support of Savannah
over the past five and two years respectively."
Regulatory Information
This Announcement contains inside information for the purposes
of the UK version of the market abuse regulation (EU No. 596/2014)
as it forms part of United Kingdom domestic law by virtue of the
European Union (Withdrawal) Act 2018 ("UK MAR").
Savannah - Enabling Europe's energy transition.
**ENDS**
Follow @SavannahRes on Twitter
Follow Savannah Resources on LinkedIn
For further information please visit www.savannahresources.com
or contact:
Savannah Resources PLC Tel: +44 20 7117 2489
Dale Ferguson, CEO
SP Angel Corporate Finance LLP (Nominated Tel: +44 20 3470 0470
Adviser & Joint Broker)
David Hignell/ Charlie Bouverat (Corporate
Finance)
Grant Barker/ Abigail Wayne (Sales & Broking)
RBC Capital Markets (Joint Broker) Tel: +44 (0) 20 7653 4000
Farid Dadashev/ Jamil Miah
Camarco (Financial PR) Tel: +44 20 3757 4980
Gordon Poole/ Emily Hall
About Savannah
Savannah is the owner of the Barroso Lithium Project, located
close to key infrastructure in Northern Portugal which contains the
most significant spodumene lithium resource in Western Europe.
Following a positive Scoping Study which outlined a conventional
operation producing 175,000t of spodumene concentrate per annum,
Savannah is progressing the development and environmental licencing
of the Barroso Lithium Project.
The Company is listed and regulated on AIM and the Company's
ordinary shares are also available on the Quotation Board of the
Frankfurt Stock Exchange (FWB) under the symbol FWB: SAV, and the
Börse Stuttgart (SWB) under the ticker "SAV".
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END
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November 02, 2022 03:01 ET (07:01 GMT)
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