CENTRAL ASIA METALS PLC

M&A Activity • Jun 3, 2024

National Storage Mechanism | Additional information

RNS Number : 7365Q

Central Asia Metals PLC

03 June 2024

03 June 2024

CENTRAL ASIA METALS PLC

('CAML' or the 'Company')

Completion of Initial Investment in Aberdeen Minerals Ltd

Central Asia Metals plc (AIM: CAML) announces that, following the successful fulfilment of the transaction closing conditions, as described in its announcement dated 25 March 2024, the Company has now completed its £3 million initial investment in Aberdeen Minerals Ltd ('Aberdeen'). CAML now has 35,294,117 shares, purchased at a price of 8.5 pence per share, and a 28.7% shareholding in Aberdeen.

Further to completion, CAML was issued warrants to invest an additional £2 million at a price of 11 pence per share, which if exercised, would bring CAML's ownership to 37.8%, assuming no further changes to Aberdeen's issued share capital.

CAML also confirms that, upon completion of this transaction, Louise Wrathall, CAML's Executive Director of Corporate Development, joined the Aberdeen board as a Non-Executive Director.

Central Asia Metals	Tel: +44 (0) 20 7898 9001
Nigel Robinson, CEO
Gavin Ferrar, CFO
Louise Wrathall, Director of Corporate Development	louise.wrathall@centralasiametals.com
Peel Hunt (Nominated Advisor and Joint Broker)	Tel: +44 (0) 20 7418 8900
Ross Allister
David McKeown
Georgia Langoulant
BMO Capital Markets (Joint Broker)	Tel: +44 (0) 20 7236 1010
Thomas Rider
Pascal Lussier Duquette
BlytheRay (PR Advisors)	Tel: +44 (0) 20 7138 3204
Tim Blythe
Megan Ray

Note to editors:

Central Asia Metals, an AIM-listed UK company based in London, owns 100% of the Kounrad SX-EW copper project in central Kazakhstan and 100% of the Sasa zinc-lead mine in North Macedonia. The Company also owns an 80% interest in CAML Exploration, a subsidiary that was formed to progress early exploration opportunities in Kazakhstan, and a 28.7% interest in Aberdeen Minerals Ltd, a privately owned UK company focused on the exploration and development of base metals opportunities in Northeast Scotland.  

For further information, please visit  www.centralasiametals.com  and follow CAML on X at @CamlMetals and on LinkedIn at Central Asia Metals Plc

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