Expiry of Share Purchase Agreement with FineGems

RNS Number : 0029O

Path Investments plc

27 May 2020

 

27 May 2020

Path Investments plc

("Path" or the "Company")

Expiry of Share Purchase Agreement with FineGems Extraction Corporation ("FGE")

Path Investments plc (TIDM: PATH) , the energy and natural resources investment company, announces that the Share Purchase Agreement with FGE announced on 19 August 2019 has expired without completion.

Based on the Company's due diligence and feedback from potential investors, and from Path's own advisers, the Directors concluded that, whilst the FGE asset was attractive and offered clear potential, the transaction would not have been viable as originally conceived. 

For further information please contact:

Path Investments plc	C /O IFC
Christopher Theis
IFC Advisory (Financial PR & IR)	020 3934 6630
Tim Metcalfe
Zach Cohen

Keith, Bayley, Rogers & Co. Limited (Broker)
B rinsley Holman	07776 30 22 28
G raham Atthill-Beck	07506 43 41 07

 

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