Business
Appointment: Craig Ransley as strategic consultant
Amigo Holdings PLC has appointed Craig Ransley as a Board Consultant to explore strategic options, specifically a reverse takeover in the mining sector. If Ransley successfully introduces investors to Clear Capital Markets Limited for a £1.5 million capital raise, Amigo will pay him a £200,000 fee. Ransley will use this fee to subscribe for 57,035,296 new ordinary shares at 0.3507p per share, representing 10% of Amigo's current issued share capital. Clear Capital Markets Limited will receive £25,000 upon completion of the £1.5 million raise and £75,000 upon completion of a reverse takeover. Disclaimer*
About this update from Amigo Resources Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\nFOR IMMEDIATE RELEASE\n27 October 2025\n \nAmigo Holdings PLC\n(\"Amigo\" \"PLC\" or the \"Company\")\nAppointment of Craig Ransley as strategic consultant\nAmigo Holdings PLC is pleased to announce that it has appointed Craig Ransley as a Board Consultant. In this role, Craig will help the Board explore strategic options for Amigo to remain a listed company, specifically by identifying and pursuing a reverse takeover in the mining sector.\nShareholders should note that there is no guarantee a reverse takeover (RTO) will be agreed. If an RTO is agreed, it would be conditional on, inter alia, Amigo shareholder approval and publication of a prospectus approved by the FCA and re-admission of the enlarged share capital to the Official List and to trading on the Main Market of the London Stock Exchange or similar such requirements for any other listing venue.\nUnder Craig's consultancy agreement, the Company has agreed that if Craig successfully introduces to Clear Capital Markets Limited investors that irrevocably agree to subscribe for a £1.5 million capital raise by the Company, Amigo will pay Craig a fee of £200,000. Craig has agreed to use the fee to subscribe for 57,035,296 Amigo new ordinary shares of 0.25p each fully paid (Fee Shares) at an issue price of 0.3507p per Fee Share, which will rank pari passu in all respects with the existing issued ordinary shares. The Fee Shares when issued would represent 10% of Amigo's current issued share capital. Amigo will in due course make an application for the Fee Shares to be admitted to the Equity Shares (Commercial Companies) Category of the Official List and to be admitted to trading on the main market for listed securities of the London Stock Exchange. A further announcement will be made in due course.\nConditional on the Fee Share issuance completing, the Board expects formally to appoint Craig as a Director of Amigo, with the title Executive Chair, subject to satisfactory completion of market and other regulatory checks. Craig brings nearly 30 years of experience in building mining businesses that del...