Business
Proposed Acquisition, Board Changes & Fundraising
Proposed Acquisition, Board Changes & Fundraising.
About this update from Kodal Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 4349U Kodal Minerals PLC 07 April 2016 \n\n7 April 2016\n \nKodal Minerals plc\n(\"Kodal Minerals\" or the \"Company\")\n \nProposed Acquisition, Board Changes, Conditional Fundraising &\nNotice of General Meeting\n \nKodal Minerals, the mineral development and exploration company, announces the proposed acquisition of certain gold exploration properties in Mali and Côte d'Ivoire from Taruga Gold Limited. This acquisition, together with an accompanying fundraising are subject to shareholder approval. \n \nThe Company gives notice of a general meeting to be held at 12.00 noon on 13 May 2016 at the offices of Fieldfisher LLP, Riverbank House, 2 Swan Lane, London EC4R 3TT to enable shareholders to vote on the proposals. The Company has today published a circular to shareholders and notice of general meeting which provides further information on the proposals; this is being posted to shareholders today and can also be viewed on the Company's website, www.kodalminerals.com. The material elements of this circular are extracted below, but shareholders are recommended to read the full circular, which includes additional diagrams and matters relating to voting at the general meeting.\n \n \nContact details:\n \n\n\n\n\nKodal Minerals plc\nLuke Bryan, CEO\n\n\n \nTel: 020 3470 0470\n \n\n\n\n\nAllenby Capital Limited, Nominated Adviser\nJeremy Porter/Nick Harriss\n \n\n\n \nTel: 020 3328 5656\n\n\n\n\nSP Angel Corporate Finance LLP, Financial Adviser & Broker\nJohn Mackay/Laura Harrison\n \n\n\n \nTel: 020 3470 0470\n\n\n\n\n \n \nACQUISITION OF INTERNATIONAL GOLDFIELDS (BERMUDA) LIMITED\n PLACING AND SUBSCRIPTION\nAPPOINTMENT OF DIRECTOR\nNOTICE OF GENERAL MEETING\n1. Introduction\nAs announced on 15 December 2015 in the Company's unaudited interim results for the six months ended 30 September 2015, the Board recognises the challenging environment for mining and exploration companies currently and has sought to identify and evaluate other projects to add to the Group's portfolio in order to generate shareholder value.\nThe Company was pleased to announce today that it has identified an opportunity to acquire interests in various gold exploration properties in Mali and Côte d'Ivoire (the \"West...