Business
Victoria Goldfields Interest Disposal Completion
Victoria Goldfields Interest Disposal Completion.
About this update from Power Metal Resources Plc
[{"type":"text","content":"\n\n19 June 2024\nPower Metal Resources PLC\n(\"Power Metal\" or the \"Company\")\nCompletion of Disposal of Victoria Goldfields JV Interest\nPower Metal Resources PLC (AIM:POW, OTCQB:POWMF), the London listed exploration company with a global project portfolio, is pleased to confirm that further to the announcement of 12 June 2024, the disposal of the Company's 49.9% interest in New Ballarat Gold Corporation plc (\"NBGC\") , which wholly owns Red Rock Australasia Pty Limited (\"RRAL\"), the local operating company holding exploration interests in the Victoria Goldfields, Australia and in South Australia, has now completed.\nAccordingly, the Company has been issued 166,666,667 new ordinary shares in Red Rock Resources plc (\"RRR\"), and now owns 3.87 per cent. of RRR.\nThe Company has also been issued with a £250,000 convertible loan note and 100,000,000 warrants exercisable into RRR ordinary shares, for three years at a price of 0.15 pence per share.\n \n \nFor further information please visit https://www.powermetalresources.com/ or contact:\n\n\n\n\nPower Metal Resources plc\n\n\n\n\n\n\n\nSean Wade (Chief Executive Officer)\n \n\n\n+44 (0) 20 3778 1396\n\n\n\n\n\n\n\n\n\n\n\n\nSP Angel Corporate Finance LLP (Nomad and Joint Broker)\n\n\n\n\n\n\n\nEwan Leggat/Caroline Rowe\n \n\n\n+44 (0) 20 3470 0470\n\n\n\n\n\n\n\n\n\n\n\n\nTamesis Partners LLP (Joint Broker)\n\n\n\n\n\n\n\nRichard Greenfield/Charlie Bendon \n\n\n+44 (0) 20 3882 2868\n\n\n\n\n\n\n\n\n\n\n\n\n \nBlytheRay (PR Advisors)\nTim Blythe/Megan Ray\n\n\n \n \n+44 (0) 20 7138 3204\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\nNOTES TO EDITORS\nPower Metal Resources plc - Background\nPower Metal Resources plc (AIM:POW, OTCQB:POWMF) is a London-listed metals exploration company which finances and manages global resource projects and is seeking large scale metal discoveries.\n \nThe Company has a principal focus on opportunities offering district scale potential across a global portfolio including p...