Schedule One - Central Copper Resources Plc | RNS | Ticker

Schedule One - Central Copper Resources Plc

RNS Announcement

RNS Number : 0349G

AIM

22 July 2021

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

COMPANY NAME:

Central Copper Resources plc ("CCR" or the "Company")

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES):

27/28 Eastcastle Street

London W1W 8DH

United Kingdom

COUNTRY OF INCORPORATION:

England and Wales

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

www.centralcopper.com

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

Central Copper Resources plc is a copper exploitation and development company that holds a 65 per cent. interest in 13 permits covering a contiguous area of approximately 770km² in the Democratic Republic of Congo ("DRC") and an exploration permit covering an area of 292km² in the Lunga basin in the Republic of Zambia ("Zambia"). On admission to trading on AIM ("Admission"), CCR will also hold an effective 15.6 per cent. interest in the highly prospective Kayeye copper exploration project, located in southern DRC. The Company's main countries of operation will be the DRC and Zambia.

The Company's 65 per cent. owned subsidiary in the DRC, Compagnie Minerie De La Lukaya S.A., has been developing the Mbamba Kilenda Project, which covers an 85km strike length rich in copper in the western DRC, located approximately 70km from the capital city, Kinshasa, with approximately US$19 million having been invested to date. The Mbamba Kilenda Project covers a 54km² area located on the eastern end of the overall strike length, which has a JORC Code (2012) compliant Mineral Resource Estimate of 11.8Mt at 3.13 per cent. total copper, at a cut-off grade of 1.0 per cent. copper.

The Company's wholly owned Zambian subsidiary holds an exploration permit covering an area of 292km², located in Zambia's Lunga basin, which is located in an area which is highly prospective for copper.

On Admission, the Company will hold a 20 per cent. interest in Titan Mining & Exploration Limited, which has a 78 per cent. interest in the Kayeye Project, covering an area of 231km² adjacent to Ivanhoe Mines Limited's Kamoa-Kakula deposit in the DRC.

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

Number of new ordinary shares of £0.01 each ("Ordinary Shares") to be admitted: TBC

No Ordinary Shares held as treasury shares

No restrictions on the transfer of Ordinary Shares

CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

Capital raised on Admission: TBC

Anticipated market capitalisation: TBC

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

TBC

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES (OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED OR TRADED:

None

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

Robin Anthony Fryer, Independent Non-Executive Chairman

Kevin John Ludoph van Wouw, Chief Executive Officer

Luke Karl Knight, Chief Operating Officer

Dr Ross McGowan, Technical Director

Annelise Christine Inger Barradale, Independent Non-Executive Director

Deon Thomas van der Mescht, Independent Non-Executive Director

Roy Aubrey Pitchford, Independent Non-Executive Director

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

	Before Admission		After Admission
Shareholder	No. of Ordinary Shares	Ordinary Shares as % of share capital	No. of Ordinary Shares	Ordinary Shares as % of share capital
AMED Funds I & II*	26,496,610	35.75%	TBC	TBC
Fortune Gold Mining Limited	7,814,330	10.54%	TBC	TBC
Red Capital Limited**	7,647,005	10.32%	TBC	TBC
Solway Industries Limited	6,240,034	8.42%	TBC	TBC
AB Aterra Resources Ltd	5,905,900	7.97%	TBC	TBC
Baowei Guo	3,946,936	5.33%	TBC	TBC
John Edward Story	2,715,480	3.66%	TBC	TBC
Crane Ridge Limited***	2,640,270	3.56%	TBC	TBC
Jonathan Charles Wilfred De Thierry	2,395,049	3.23%	TBC	TBC

Notes:

Shareholdings after Admission are not yet known.

* - Ordinary Shares held through Bearstay Ventures Ltd, Northstead Limited and Saphire EX B.V, companies affiliated with two funds managed by African Minerals Exploration & Development (AMED)

** - Red Capital Limited is controlled and 50% owned by Ross McGowan, a director of the Company.

*** - Crane Ridge Limited is wholly owned by Kevin van Wouw, the Company's Chief Executive Officer, and holds 150,000 Ordinary Shares on behalf of his wife.

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

N/A

(i) ANTICIPATED ACCOUNTING REFERENCE DATE

(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

(i) Anticipated accounting reference date: 31 December.

(ii) Date to which the main financial information in the admission document has been prepared: 31 December 2020.

(iii) Dates by which it must publish its first three reports pursuant to AIM Rules 18 and 19:

30 September 2021 - unaudited interim results for the six month period ended 30 June 2021

30 June 2022 - audited annual results for the year ended 31 December 2021

30 September 2022 - unaudited interim results for the six month period ended 30 June 2022

EXPECTED ADMISSION DATE:

Early August 2021

NAME AND ADDRESS OF NOMINATED ADVISER:

Strand Hanson Limited

26 Mount Row

London W1K 3SQ

NAME AND ADDRESS OF BROKER:

Brandon Hill Capital Limited

Kemp House,

152-160 City Road

London EC1V 2NX

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

The Admission Document, which will contain full details about the applicant and the admission of its securities, will be available on the Company's website www.centralcopper.com from the date of Admission.

THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY

The Quoted Companies Alliance Corporate Governance Code

DATE OF NOTIFICATION:

22 July 2021

NEW/ UPDATE:

New

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RNS metadata

Title: Schedule One - Central Copper Resources Plc
Time: 08:00:08
Date: 22 Jul 2021
Category: Capital structure
ID: 0349G