Business
Proposed Admission to Trading on AIM, Propos...
Richmond Hill Resources Plc is seeking admission to trading on the AIM market, with dealings expected to commence around October 15, 2025, and is cancelling its admission to the Aquis Growth Market. To facilitate this, the company proposes to acquire Bulawayo CC Ventures Limited and is undertaking a placing to raise £1.4 million at 1 pence per share. The net proceeds from the placing are estimated to be £760,000. Existing ordinary shares will undergo a share reorganisation. The company will acquire Bulawayo for £3.3 million satisfied through the issue of 315,000,000 ordinary shares and £150,000 in cash. Post-admission, the company's market capitalization is expected to be approximately £5.9 million, with 586,583,158 ordinary shares issued. Trading in the company’s ordinary shares is expected to resume on September 29, 2025, and will be suspended from trading on AQSE on October 14, 2025. Disclaimer*
About this update from Richmond Hill Resources Plc
[{"type":"text","content":"\n\n \n \n \n \n \n \n \n \n \n Richmond Hill Resources Plc\n \n \n \n (\"Richmond Hill \" or the \"Company\")\n \n \n \n Proposed Admission to Trading on AIM \n \n \n \n \n Proposed Acquisition of Bulawayo & Placing\n \n \n \n \n Notice of GM\n \n \n \n \n Update re Suspension\n \n \n \n Richmond Hill (AQSE: SHNJ), is pleased to announce the publication of its Admission Document in respect of its proposed admission of its ordinary shares (“Ordinary Shares”) to trading on the AIM Market (“AIM”) of the London Stock Exchange (“Admission”) and cancellation of the admission of its Ordinary Shares to trading on the Aquis Growth Market (\"Cancellation\"). \n \n \n \n Highlights\n \n \n \n \n Publication of the Admission Document and lifting of the Company’s suspension \n \n \n Proposed acquisition of the entire issued share capital of Bulawayo CC Ventures Limited\n \n \n Placing to raise £1.4 million at 1 pence per share\n \n \n Admission of the enlarged ordinary share capital to trading on AIM expected to commence on 15 October 2025\n \n \n Proposed sub-division and re-designation of the Company’s Ordinary Shares (“Share Reorganisation”) to be approved at a general meeting (“General Meeting”);\n \n \n Notice of General Meeting\n \n \n \n \n \n Update re Suspension\n \n \n \n \n As a consequence of an Admission Document having been posted to shareholders, the Company has requested that trading in the Company’s Ordinary Shares is resumed. The Company expects resumption of trading in the Company’s Ordinary Shares to occur at 8:00am on 29 September 2025. To allow the Share Reorganisation to occur, subject to the passing of the Resolutions at the GM, the Company’s shares will be suspended from trading on AQSE with effect from 8:00am on 14 October 2025 prior to the withdrawal from trading on AQSE on 15 October 2025.\n \n \n \n Notice of General Meeting\n \n \n \n A General Meeting of the Company to approve the Proposals has been convened for 11 a.m. on 13 October 2025 at the offices of Hill Dickinson LLP, The Broadgate Tower, 20 Primrose Street, London, EC2A 2EW. If the resolutions put to the General Meeting are approved by shareholders, it is expected that the enlarged ordinary share capital will be admitted to trading on AIM and dealings in the Company's shares will commence on or around 15 October 2025.\n \n \n Further information o...