Richland Resources Ltd Result of AGM and Update re: Option Agreement (5366J)
August 19 2019 - 10:47AM
UK Regulatory
TIDMRLD
RNS Number : 5366J
Richland Resources Ltd
19 August 2019
19 August 2019
Richland Resources Ltd
("Richland" or the "Company")
Result of Annual General Meeting and Update re:
Option Agreement to sell the Capricorn Sapphire Project
Richland (AIM: RLD), the Australian sapphire producer and
gemstones developer, announces that the resolutions proposed at its
Annual General Meeting ("AGM") held earlier today, as set out in
the notice dated 26 July 2019, were all duly approved by
shareholders.
On 27 June 2019, the Company announced the proposed disposal of
its wholly owned Capricorn Sapphire Project to Fura Gems Inc.
("Fura"), which is listed on the TSX Venture Exchange (the "Fura
Transaction") and subsequently announced certain updates in
relation to the proposed disposal on 18 July 2019 and 22 July
2019.
Fura Transaction: Conditions Precedent
The matters considered at the AGM included a resolution seeking
shareholders' approval for the Fura Transaction in accordance with
the requirements of AIM Rule 15, as the proposed disposal
constitutes a fundamental change of business for the Company.
Accordingly, the Company has now obtained the requisite
shareholders' approval such that the remaining transaction specific
condition precedent to completion is the obtaining of the
applicable TSX-V approval.
A further announcement(s) will be made, as appropriate, in due
course.
For further information, please contact:
Anthony Brooke Edward Nealon Mike Allardice
Chief Executive Officer Chairman Group Company Secretary
+66 81 854 1755 +61 409 969 955 +852 91 864 854
Nominated Adviser Broker
Strand Hanson Limited Peterhouse Capital Limited
James Harris Duncan Vasey / Lucy Williams
Matthew Chandler (Broking)
James Dance Eran Zucker (Corporate
+44 (0) 20 7 409 3494 Finance)
+44 (0) 20 7 469 0930
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014.
Note to Editors:
Further information is available on the Company's website:
www.richlandresourcesltd.com. Neither the contents of the Company's
website nor the contents of any website accessible from hyperlinks
on the Company's website (or any other website) is incorporated
into, or forms part of, this announcement.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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