Tertiary Minerals PLC Sale of shares in Sunrise Resources Plc (8916F)
18 Luglio 2019 - 8:00AM
UK Regulatory
TIDMTYM
RNS Number : 8916F
Tertiary Minerals PLC
18 July 2019
18 July 2019
Tertiary Minerals plc ("Tertiary" or "the Company")
Sale of shares in Sunrise Resources Plc ("Sunrise")
The Company announces that on 17 July 2019, it sold 31,500,000
shares in Sunrise at a price of 0.08 p per share for a total
consideration of GBP25,200. Tertiary now owns 79,454,787 shares in
Sunrise, being 2.89% of Sunrise's issued share capital.
The shares were bought by Patrick Cheetham, Chairman of Tertiary
(and Sunrise). Mr Cheetham is a related party to the Company, as
defined by the AIM Rules for Companies. The independent directors
of Tertiary, having consulted with the Company's Nominated Adviser,
consider that the terms of the transaction are fair and reasonable
insofar as the shareholders of the Company are concerned.
Enquiries
Tertiary Minerals plc
Richard Clemmey, Managing Director
Patrick Cheetham, Chairman +44 (0) 1625 838 679
SP Angel Corporate Finance LLP
Nominated Adviser & Joint Broker
Lindsay Mair/Caroline Rowe +44 (0) 203 470 0470
SVS Securities plc
Joint Broker
Elliot Hance +44 (0) 203 700 0093
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement
Notes to Editors
Tertiary Minerals plc (ticker symbol 'TYM') is an AIM-traded
mineral exploration company building and developing a
multi-commodity project portfolio - Industrial minerals, base and
precious metals.
CAUTIONARY NOTICE
The news release may contain certain statements and expressions
of belief, expectation or opinion which are forward looking
statements, and which relate, inter alia, to the Company's proposed
strategy, plans and objectives or to the expectations or intentions
of the Company's directors. Such forward-looking statements involve
known and unknown risks, uncertainties and other important factors
beyond the control of the Company that could cause the actual
performance or achievements of the Company to be materially
different from such forward-looking statements. Accordingly, you
should not rely on any forward-looking statements and save as
required by the AIM Rules for Companies or by law, the Company does
not accept any obligation to disseminate any updates or revisions
to such forward-looking statements.
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END
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July 18, 2019 02:00 ET (06:00 GMT)
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