Business
Update re Bartlett Mining Claims
Richmond Hill Resources Plc has completed the acquisition of the Bartlett Mining Claims in Ontario, Canada, paying CAD$125,000 in cash and issuing 16,983,827 new ordinary shares at 1.75 pence each, totaling CAD$550,000. These shares are subject to a staggered lock-in agreement, with releases scheduled in four equal installments between October 2026 and October 2027. Following admission of these shares to AIM, expected around April 27, 2026, the Company's total issued share capital will be 735,248,168 ordinary shares. Disclaimer*
About this update from Richmond Hill Resources Plc
Richmond Hill Resources Plc ("Richmond Hill" or the "Company") Update re Bartlett Mining Claims Issue of Equity Richmond Hill Resources Plc (AIM: RHR) is pleased to announce that, further to the announcement on 7 April 2026, the Company has completed the acquisition of the Bartlett Mining Claims (the "Transaction") located in Ontario, Canada. Pursuant to the Agreement, the Company has paid CAD$125,000 in cash and issued 16,983,827 new ordinary shares of 0.1 pence each at a price of 1.75 pence per share, in satisfaction of the CAD$550,000 consideration due under the Agreement (the "Consideration Shares") to a third party. The Consideration Shares will be subject to a lock-in agreement whereby the shares will be restricted from sale, transfer or disposal, other than in accordance with the lock-in terms. The Consideration Shares will be released in four equal instalments on 15 October 2026, 15 April 2027, 15 June 2027 and 15 October 2027. Issue of Shares Application will be made to the London Stock Exchange for the admission of the 16,983,827 Consideration Shares to trading on AIM ("Admission"). Admission is expected to occur on or around 27 April 2026. The Consideration Shares will rank pari passu with the existing ordinary shares. Total Voting Rights For the purposes of the Disclosure and Transparency Rules, following Admission, the Company's issued share capital will comprise 735,248,168 ordinary shares of 0.1 pence each. This figure may be used by shareholders as the denominator for calculations to determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules. Forward Looking Statements This announcement contains forward-looking statements relating to expected or anticipated future events and anticipated results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, competition for qualified staff, the regulatory process and actions, technical issues, new legislation, uncertainties resulting from potential delays or changes in plans, uncertainties resulting from working in a new political jurisdiction, uncertainties regarding the results of exploration, uncertainties re...
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