Nyota Minerals Limited Company Update (0820O)
August 15 2017 - 11:31AM
UK Regulatory
TIDMNYO
RNS Number : 0820O
Nyota Minerals Limited
15 August 2017
For immediate release
15 August 2017
Nyota Minerals Limited
('Nyota' or 'the Company')
Company Update
As previously announced, Beaumont Cornish Limited, the Company's
Nominated Adviser, served notice on the Company that it would
resign as the Company's Nominated Adviser with effect from 17
August 2017. The Company is currently in discussions with another
Nominated Adviser but will not be in a position to appoint a
replacement Nominated Adviser on or before this date and
accordingly, as highlighted in the Company's announcement on 18
July 2017, pursuant to AIM Rule 1, the Company's shares will be
suspended from trading on AIM with effect from 8.00am on 17 August
2017. The Company's shares will be cancelled from trading on AIM if
an appointment is not made on or before 17 September 2017 (the
"Cancellation Date").
Separately, the Board of Nyota is in advanced stages of
discussion with Peterhouse Corporate Finance ("Peterhouse") on the
terms of a conditional placing at a substantial discount to the
current share price (the "Peterhouse Placing"). Completion of the
Peterhouse Placing would, should it proceed, be subject to the
appointment of a new Nominated Adviser to the Company, on or before
the Cancellation Date, and the restoration of trading of the
Company's ordinary shares on AIM. Should the Peterhouse Placing
proceed, Peterhouse would withdraw its resignation as the Company's
broker.
Shareholders should note that there can be no certainty that a
replacement Nominated Adviser will be appointed on or before the
Cancellation Date, nor that the Peterhouse Placing will
proceed.
A further announcement will be made in due course.
This announcement is inside information for the purposes of
Article 7 of Regulation 596/2014.
For further information please visit www.nyotaminerals.com or
contact:
Sergey Budkin Director, Nyota Minerals c/o Peterhouse Corporate
Limited Finance (see below)
================= ============================== =========================
Michael Cornish
James Biddle Beaumont Cornish Limited +44 (0) 207 628 3396
================= ============================== =========================
Lucy Williams Peterhouse Corporate Finance
Eran Zucker Limited +44 (0) 20 7469 0930
================= ============================== =========================
This information is provided by RNS
The company news service from the London Stock Exchange
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