06/12/2018 17:09:00

Change of Strategy; Conditional Issue of Equity

Pelican House Mining Plc - Change of Strategy; Conditional Issue of Equity

PR Newswire

Pelican House Mining plc

(the "Company" or "Pelican House Mining")

Proposed Change of Investment Strategy; Conditional Share Placing

Proposed Change of Investment Strategy

The Board of Pelican House Mining today announces that it intends to seek shareholders’ approval for, inter alia, the adoption of an investment strategy focusing on generating an attractive rate of return for shareholders by the provision of finance to businesses within the sports and leisure sectors together with their associated intellectual property, media, technology and infrastructure.

A circular (“Circular”) is being prepared and shall shortly be issued, which will set out the reasons that the Directors consider it to be in the best interests of the Company and of its shareholders as a whole for this to occur; and to seek shareholders’ approval for this and other measures at a General Meeting to be convened for the purpose. 

Conditional Placing of Equity

The Company further announces that, conditional only upon the passing of the resolutions to be placed before shareholders at the forthcoming General Meeting, full details of which shall be set out in the Circular, it has arranged to raise approximately £60,000 before expenses through a placing (the “Placing”) of 13,333,333 new ordinary shares of 0.1 pence each in the capital of the Company (the “Placing Shares”) at 0.45 pence per share (the “Placing Price”) with Eight Capital Partners plc (the “Investor”). The Investor will also receive 13,333,333 warrants over a like number of new ordinary shares, each with a life of three years from the date of issue and exercisable at the Placing Price. Owing to the common directorships of John Treacy of the Company and of the Investor, the Placing will be a related party transaction.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014 (Market Abuse Regulation).

Simon Grant-Rennick,

Chairman,

Pelican House Mining plc,

London, 6thDecember 2018

The foregoing announcement has been issued after due and careful enquiry; the Directors of Pelican House Mining accept responsibility for its content.

Enquiries:

Pelican House Mining plc:                   Simon Grant-Rennick

E-mail:    contact@pelicanhousemining.co.uk;

sgrelk@aol.com

Tel:                                                      + 44 797 325 3124

           

Keith, Bayley, Rogers & Co. Limited:    Graham Atthill-Beck

E-mail:                                                Graham.Atthill-Beck@kbrl.co.uk

                                                          blackpearladvisers@gmail.com    

Tel:                                                      +44 20 7464 4091

Mob:                                                    +44 750 643 4107; +971 50 856 9408

                                                            Brinsley Holman

E-mail:                                                Brinsley.Holman@kbrl.co.uk  

Tel:                                                      +44 20 7464 4098

Del

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
24 May
OMXC25
Fattigdom i DK?   https://www.dr.dk/nyheder/politik/folketingsvalg/se-kort-flest-boern-ramt-af-relat..
25
21 May
VELO
Så er der lidt at læse på. . Se bla.. Purpose: Tacrolimus extended release (TacER) (Envarsus XR®) ha..
21
23 May
VELO
Har modtaget data, som viser en stigning i receptal på 20% siden Januar 2019.  
19
18 May
VWS
Ditlev.. Havde store ambitioner, og store armbevægelser .. Ikke alt gik godt.. Men finanskrisen kan..
18
20 May
PNDORA
Paa trods af et godkendt Q1 regnskab, er aktien faldet som en sten. Markedet er ligeglad med Pandora..
17
22 May
VWS
Vestas secures 44 MW order for V120-2.2 MW turbines with tall tower solution News release from Ves..
16
20 May
DANSKE
Hører på Radio247 at Jyske Bank er indblandet i momssvindel via et par kunder. Penge ud og ind på en..
15
18 May
AMBU-B
Cook Medical er en førende amerikansk medicovirksomhed med en omsætning på ca. 2 mia. usd og aktivit..
14
18 May
VELO
Jeg er meget uenig med dig Munch. For mig er toplinjen klart mest interessant lige nu, for det er de..
14
23 May
VELO
Kære Nikw. Sagen er kort, at data af konkurence hensyn ikke sendes til højre eller venstre. Man kan ..
13

#

EuroInvestor: In Focus
#

#

EuroInvestor: In Focus
#

#

EuroInvestor: In Focus
#

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Gopher Protocol Issues Statement Pertaining to Affiliate Status of Third Party Institutional Investor
2
Gopher Protocol Issues Statement About Recent Stock Trading Activity – Notice to the Public to Rely on Information only Provided by the Company
3
CTSH INVESTIGATION REMINDER: Hagens Berman Reminds Cognizant Technology (CTSH) Investors of Ongoing Investigation, Encourages Investors and Persons With Knowledge to Contact the Firm
4
Bragar Eagel & Squire, P.C. is Investigating AZZ Inc. (NYSE: AZZ) on Behalf of AZZ Stockholders and Encourages AZZ Investors to Contact the Firm
5
Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against PriceSmart, Inc. (PSMT)

Latest news


Copyright Berlingske Media 2019  Cookie- and Privacy policy  |  Cookies  |   General terms of trade  |   Terms of use and IP rights
Quote information is delivered by Morningstar.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
25 May 2019 20:58:28
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20190514.2 - EUROWEB6 - 2019-05-25 21:58:28 - 2019-05-25 20:58:28 - 1000 - Website: OKAY