Landore Resources Limited Statement re Press Speculation (0084P)
12 Febbraio 2021 - 05:49PM
UK Regulatory
TIDMLND
RNS Number : 0084P
Landore Resources Limited
12 February 2021
This announcement contains inside information as defined in
Article 7 of the Market Abuse Regulation No 596/2014
12 February 2021
Landore Resources Limited
("Landore" or the "Company")
Statement re. press speculation
Landore Resources Limited (AIM:LND) notes the recent press
speculation relating to a potential capital raise.
The Company released a drilling update on 11 February 2021 which
outlined the progress with the 2020-2021 drilling programme (the
"Drilling Programme"). The Drilling Programme remains on plan and
is fully funded through to completion in April 2021.
Landore confirms that the Company has been in discussions with
certain of its shareholders and prospective new investors in
connection with a possible capital raise in order to extend the
Drilling Programme beyond what was originally planned and to
provide additional working capital for the Company.
The Company confirms that it has received a good level of
interest from new and existing investors with the amount, pricing
and timing of any capital raise yet to be confirmed. Accordingly,
there is no certainty that a capital raise will be completed at
this time and a further update will be provided in due course.
-ENDS-
For more information, please contact:
Landore Resources Limited
Bill Humphries, Chief Executive Tel: 07734 681262
Officer
Glenn Featherby, Finance Director Tel: 07730 420318
Cenkos Securities (Nominated Advisor
and Broker)
Derrick Lee / Peter Lynch Tel: 0131 220 9100
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END
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February 12, 2021 11:49 ET (16:49 GMT)
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