Metminco Limited Metminco Completes Small Holdings Buyback (6272S)
October 04 2017 - 2:00AM
UK Regulatory
TIDMMNC
RNS Number : 6272S
Metminco Limited
04 October 2017
AIM ANNOUNCEMENT 04 October 2017
METMINCO COMPLETES SMALL HOLDINGS BUYBACK
Metminco Limited ("Metminco" or the "Company") (ASX: MNC; AIM:
MNC) is pleased to announce that it has completed the buyback of
small holdings as announced to the market on 14 July 2017.
All of the small holding shares purchased under the small
holding sale facility (Sale Facility) have been placed to clients
of Martin Place Securities.
The total number of shares purchased under the Sale Facility was
3,875,424 shares, representing approximately 3% of the issued
capital in Metminco. With the purchase of the small holdings the
number of Metminco shareholders has reduced by more than 6,900 to
1,294 shareholders.
This buyback has allowed Metminco to significantly reduce the
costs associated with maintaining these smaller shareholders and in
turn allow the Company to spend these resources on developing the
Miraflores Gold Project in Colombia where the Company and its
independent consulting engineers are currently finalising the
feasibility study which is expected to be released to the market
shortly.
This announcement contains inside information as stipulated
under Article 7 of the Market Abuse Regulation (EU) No.
596/2014.
William Howe
Managing Director
For further information,
please contact:
METMINCO LIMITED
Brian Jones Office: +61 (0) 2
9460 1856
NOMINATED ADVISOR AND BROKER
RFC Ambrian
Australia
Will Souter / Nathan Forsyth Office: +61 (0) 2
9250 0000
United Kingdom
Charlie Cryer Office: +44 (0) 20
3440 6800
JOINT BROKER
SP Angel Corporate Finance
LLP (UK)
Ewan Leggat Office: +44 (0) 20
3470 0470
PUBLIC RELATIONS
Camarco
United Kingdom
Gordon Poole / Nick Hennis Office: + 44 (0) 20
3757 4997
Media + Capital Partners
Australia
Luke Forrestal Office: +61 (0) 411
479 144
Forward Looking Statement
All statements other than statements of historical fact included
in this announcement including, without limitation, statements
regarding future plans and objectives of Metminco are
forward-looking statements. When used in this announcement,
forward-looking statements can be identified by words such as
"anticipate", "believe", "could", "estimate", "expect", "future",
"intend", "may", "opportunity", "plan", "potential", "project",
"seek", "will" and other similar words that involve risks and
uncertainties.
These statements are based on an assessment of present economic
and operating conditions, and on a number of assumptions regarding
future events and actions that, as at the date of this
announcement, are expected to take place. Such forward-looking
statements are not guarantees of future performance and involve
known and unknown risks, uncertainties, assumptions and other
important factors, many of which are beyond the control of the
Company, its directors and management of Metminco that could cause
Metminco's actual results to differ materially from the results
expressed or anticipated in these statements.
The Company cannot and does not give any assurance that the
results, performance or achievements expressed or implied by the
forward-looking statements contained in this announcement will
actually occur and investors are cautioned not to place undue
reliance on these forward-looking statements. Metminco does not
undertake to update or revise forward-looking statements, or to
publish prospective financial information in the future, regardless
of whether new information, future events or any other factors
affect the information contained in this announcement, except where
required by applicable law and stock exchange listing
This information is provided by RNS
The company news service from the London Stock Exchange
END
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