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On 21 April 2023, Pathfinder Minerals Plc signed a revised sale and purchase agreement for the disposal of IM Minerals Ltd. The Company also published and posted a shareholder circular and notice convening a general meeting for 11 May 2023 at 11.00 a.m. for shareholders to vote on the proposed disposal.
| Date | 21 Apr 2023 |
| Time | 07:00:03 |
| Category | AGMs and other meetings |
| ID | 9570W |
21 April 2023
Pathfinder Minerals Plc
("Pathfinder" or the "Company")
Revised SPA, Posting of Circular and Notice of GM
Further to the Company's announcements on 22 March 2023 (announcing that the Company had entered into a sale and purchase agreement in respect of the disposal of IM Minerals Ltd ("IMM")) and 12 April 2023 (extending the long stop date), Pathfinder announces that it has signed a revised sale and purchase agreement ("SPA") in respect in respect of the disposal of IMM. The amendment to the SPA does not affect the commercial terms previously announced, but rather relates to an improvement in the structuring mechanics in relation to the potential deferred consideration.
The Company has also published a shareholder circular ("Circular"), together with a notice convening a general meeting ("GM") of the Company (the "Notice"), in order for shareholders to vote on the proposed disposal of IMM.
The Circular/Notice will be posted to shareholders today, and is available on the Company's website at: www.pathfinderminerals.com. A summary of the revised SPA is set out in the Circular.
The GM will be held at 33 St James' Square, London, SW1Y 4JS on 11 May 2023 at 11.00 a.m.
Enquiries:
Pathfinder Minerals Plc
Peter Taylor, Chief Executive Officer
Tel. +44 (0)20 3143 6748
Strand Hanson Limited (Nominated & Financial Adviser and Broker)
James Spinney / Ritchie Balmer / Rob Patrick
Tel. +44 (0)20 7409 3494
Vigo Consulting (Public Relations)
Ben Simons / Charlie Neish / Kate Kilgallen
Tel. +44 (0)20 7390 0234
Email. [email protected]