CENTRAL ASIA METALS PLC

Share Issue/Capital Change • Nov 1, 2017

National Storage Mechanism | Additional information

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RNS Number : 1806V

Central Asia Metals PLC

01 November 2017

1 November 2017

CENTRAL ASIA METALS PLC

("CAML" or the "Company")

Expected date of completion of the Acquisition and Readmission

Central Asia Metals PLC (AIM: CAML) is pleased to announce that it has received approval from the Macedonian Competition Commission for the acquisition of Lynx Resources Limited (the "Acquisition").

The Company has submitted a request to draw down funds under the new debt facilities provided by Traxys and it is expected that the Company will receive such funds on 3 November 2017. Accordingly, completion of the Acquisition is expected to occur automatically on Readmission at 8.00 a.m. on 6 November 2017.

Application has been made to the London Stock Exchange in respect of Readmission where, subject to the completion of the Acquisition, the Company's Enlarged Share Capital of 176,498,266 ordinary shares will be admitted to trading on AIM, including the 15,278,528 Consideration Shares to be issued to Orion Co-Investments III L.P. pursuant to the Acquisition. Readmission of the Company's Enlarged Share Capital is expected to occur at 8.00 a.m. on 6 November 2017.

All capitalised terms, unless otherwise defined, shall have the meanings ascribed to them in the Company's Admission Document dated 22 September 2017.

For further information please contact:

Central Asia Metals plc
Tony Hunter Company Secretary	Tel: +44 (0) 20  7603 1515
Louise Wrathall, Investor Relations louise.wrathall@centralasiametals.com	Tel: +44 (0) 20 7898 9001
Peel Hunt (Nominated Adviser & Joint Broker)	Tel: +44 (0) 20 7418 8900
Ross Allister Richard Crichton Chris Burrows
J.P. Morgan Cazenove (Financial Adviser)	Tel: +44 (0) 20 7742 4000
Barry Weir Edward Jack Nicholas Hall
Mirabaud Securities (Joint Broker)	Tel: +44 (0) 20 3167 7221
Peter Krens
Blytheweigh (PR Advisers)	Tel: +44 (0) 20 7138 3204
Tim Blythe Camilla Horsfall 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. The Company also owns 80% of the Shuak copper exploration property in northern Kazakhstan. The Company's proposed acquisition of Lynx Resources is expected to complete in November 2017. For further information, please visit www.centralasiametals.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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