Sale of shares in Sunrise Resources Plc

RNS Number : 8916F

Tertiary Minerals PLC

18 July 2019

 

18 July 2019

Tertiary Minerals plc ("Tertiary" or "the Company")

Sale of shares in Sunrise Resources Plc ("Sunrise")

The Company announces that on 17 July 2019, it sold 31,500,000 shares in Sunrise at a price of 0.08 p per share for a total consideration of £25,200.  Tertiary now owns 79,454,787 shares in Sunrise, being 2.89% of Sunrise's issued share capital. 

The shares were bought by Patrick Cheetham, Chairman of Tertiary (and Sunrise).  Mr Cheetham is a related party to the Company, as defined by the AIM Rules for Companies.  The independent directors of Tertiary, having consulted with the Company's Nominated Adviser, consider that the terms of the transaction are fair and reasonable insofar as the shareholders of the Company are concerned.

Enquiries Tertiary Minerals plc Richard Clemmey, Managing Director Patrick Cheetham, Chairman	[phone]
SP Angel Corporate Finance LLP Nominated Adviser & Joint Broker Lindsay Mair/Caroline Rowe	[phone]
SVS Securities plc Joint Broker Elliot Hance	[phone]

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement

Notes to Editors

Tertiary Minerals plc (ticker symbol 'TYM') is an AIM-traded mineral exploration company building and developing a multi-commodity project portfolio - Industrial minerals, base and precious metals.

CAUTIONARY NOTICE

The news release may contain certain statements and expressions of belief, expectation or opinion which are forward looking statements, and which relate, inter alia, to the Company's proposed strategy, plans and objectives or to the expectations or intentions of the Company's directors. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the control of the Company that could cause the actual performance or achievements of the Company to be materially different from such forward-looking statements. Accordingly, you should not rely on any forward-looking statements and save as required by the AIM Rules for Companies or by law, the Company does not accept any obligation to disseminate any updates or revisions to such forward-looking statements.

 

END

 

 

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