Mkango Resources Limited
MKANGO RECIEVES REGULATORY APPROVAL FOR NOBLE TRANSACTION AND CLOSES £450,000 PLACING
DGAP-News: Mkango Resources Limited / Key word(s): Agreement
THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES About Mkango Resources Limited Mkango’s primary business is the exploration for rare earth elements and associated minerals in the Republic of Malawi, a country whose hospitable people have earned it a reputation as “the warm heart of Africa.” Mkango holds, through its wholly owned subsidiary Lancaster Exploration As a result of the Agreement and the Warrants issued thereunder, Noble (whose address is 60 Anson Road, #19-01 Mapletree Anson, Singapore 079914) now owns and controls Warrants exercisable to acquire 12,000,000 common shares of Mkango, and in the event that Noble exercises these Warrants, it would have ownership and control over 12,000,000 common shares of Mkango, representing approximately 12.5% of the common shares of Mkango (post-exercise). The Company is advised that Noble hold these securities for investment purposes and has no present intention to acquire further securities of the Company, although it may in the future acquire or dispose of securities of the Company, through the market, privately or otherwise, as circumstance or market conditions warrant. A copy of the early warning report required to be filed by Noble with applicable securities commissions in connection with this issuance of Warrants will be available for viewing under the Company’s profile on SEDAR at www.sedar.com and a copy of the early warning report may be obtained by contacting Noble via noble@thisisnoble.com or +65 6305 4888. Cautionary Note Regarding Forward-Looking Statements This news release may contain forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. Such factors and risks include, without limiting the foregoing, delays in obtaining financing or governmental or stock exchange approvals. The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above. For further information on Mkango, please contact: Mkango Resources Limited
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
30.12.2016 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Mkango Resources Limited |
706 27 Avenue NW | |
T2M 2J3 CALGARY | |
Canada | |
Internet: | www.mkango.ca |
ISIN: | CA60686A4090 |
Listed: | Regulated Unofficial Market in Stuttgart; Open Market in Frankfurt ; Toronto, Toronto Stock Exchange Venture |
End of News | DGAP News Service |