Papua Mining plc
(“Papua” or “the Company”)
Publication of circular
Notice of Annual General Meeting and General Meeting
19 September 2017
Further to the announcements released on 18 September 2017 regarding, inter alia, the proposed acquisition of BGM Investments Pty Ltd and a conditional placing to raise up to £2.0 million (the “Conditional Placing and Acquisition”), Papua Mining plc, is pleased to announce that a shareholder circular outlining the terms of the Conditional Placing and Acquisition (the “Circular”) and notice to convene a General Meeting has today been sent to shareholders. A notice of the Company’s Annual General Meeting has also been sent to shareholders.
The Circular is also available on the Company’s website: https://www.rockfireresources.com/
The General Meeting of Papua Mining plc will be held at the offices of Fladgate LLP, 16 Great Queen Street, London WC2B 5DG at 2:05 p.m. on 13 October 2017 (or as soon thereafter as the Annual General Meeting convened for the same date and place at 2:00 p.m. shall have been concluded or adjourned).
The expected timetable for the Conditional Placing and Acquisition is set out below:
| 2017 | |
| Publication and posting of the Circular and the Form of Proxy | 19 September |
| Latest time and date for receipt of completed Forms of Proxy to be valid at the General Meeting | 2:05 p.m. on 11 October |
| General Meeting (or as soon thereafter as the Annual General Meeting convened for the same date and place shall have been concluded or adjourned) | 2:05 p.m. on 13 October |
| Admission and commencement of dealings of the New Ordinary Shares | 8:00 a.m. on 16 October |
| Settlement of the Thalassa Placing Shares | 8:00 a.m. on 16 October |
| Expected date of completion of the Acquisition | 8:00 a.m. on 16 October |
The Board unanimously recommend Shareholders to vote in favour of each of the Resolutions, as they intend to do in respect of their beneficial shareholdings which amount in aggregate to 39,009,069 Existing Ordinary Shares, representing approximately 25.67 per cent. of the Existing Ordinary Shares in issue.
Thalassa (which holds 40,000,000 Existing Ordinary Shares, representing approximately 26.32 per cent. of the Existing Ordinary Shares) has undertaken to vote in favour of all necessary resolutions of the Shareholders required to enable the Company to implement the Placing.
Further details of the Company’s proposals are set out in the Conditional Placing and Acquisition Announcement. Capitalised terms in this announcement have the same meaning given to them as defined in the Circular.
For further information on the Company please visit www.rockfireresources.com or contact:
| Papua Mining plc | |
| Hugh McCullough, Director | +353 1 532 9535 |
| Cenkos Securities plc – Nominated Adviser and Broker | |
| Derrick Lee/Beth McKiernan | +44 131 220 6939 |