Update on Proposed Reverse Takeover
Long stop date for reverse takeover of Three Mile Beach and AIM admission extended to October 15, 2025.
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Richmond Hill (AQSE: SHNJ), announces that further to the announcement on April 10, 2025, it has modified the binding term sheet with Three Mile Beach Ltd ("Three Mile") with respect to the acquisition by the Company of the legal and beneficial interest of certain mineral exploration licences in Quebec ("Proposed Transaction") and admission to AIM. The long stop date has been changed from June 30, 2025 to October 15, 2025.
Hamish Harris, director of Richmond Hill, commented: "It is unfortunate that the reverse takeover has been held up by an administrative delay in Quebec and it is now likely that admission to AIM will occur in early to mid-September. However, on a fortuitous note, since Richmond Hill entered into the transaction, a number of very positive things have happened, including the receding threat of USA tariffs on China, the copper price appreciating significantly and last but not least, the return of a semblance of liquidity to UK junior markets."
The Directors of the Company accept responsibility for the contents of this announcement.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.