Marula Mining Plc - Update on AIM Listing
Announcement provided by
Marula Mining PLC · MARU23/03/2023 08:45
Marula Mining PLC
(“Marula’’ or the “Company”)
23 March 2023
Update on AIM Listing
Marula Mining (AQSE: MARU), an African focused mining and development company, is pleased to announce continued progress is being made on its intention to seek Admission of its ordinary shares on the AIM market of the London Stock Exchange (the “Listing”).
Highlights:
- The MSA Group, a leading provider of exploration, geology, mineral resource and reserve estimation, mining and environmental consulting services to the mining industry has been appointed as the Company’s technical consultant for the Listing
- The MSA Group has prepared numerous public reports for all the major mining stock exchanges, and will complete a Competent Persons Report on the Company's portfolio of battery metals projects in
Africa - ENSafrica, Africa’s largest law firm, has been appointed as the Company’s African lawyers for the Listing
- ENSafrica will complete an independent legal due diligence report on the Company’s portfolio of projects
- The appointment of the MSA Group and ENSafrica follows the earlier appointment this month of Peterhouse Capital Limited as the Company’s sole corporate broker
- These appointments are in addition to those of Cairn Financial Advisers LLP and Memery Crystal as Nomad and Legal Counsel to the Company
Further announcements will be made in due course to update on the Listing progress and anticipated Admission date.
Jason Brewer, Marula Mining PLC CEO, said:
"We are delighted with the progress we are making towards our AIM listing and are confident that the expertise of the MSA Group and ENSafrica, will ensure a smooth and successful listing process. These appointments, alongside our existing partners Cairn Financial Advisers LLP, Memery Crystal, and Peterhouse Capital Limited, demonstrate our commitment to assembling a strong and experienced team to support our growth and future success.
“The AIM listing is being undertaken as the Board is of the firm opinion that it will provide the Company with greater access to capital, increased visibility, and a larger pool of potential investors, enabling us to further expand our portfolio of high-quality mining projects in
About MSA Group
The MSA Group is a leading geological, exploration, and mining consultancy with 40 years of experience in
About ENSafrica
ENSafrica is Africa’s largest law firm, offering a wide range of legal services and it is highly regarded for its expertise in mining and natural resources. More information about ENSafrica can be found at https://www.ensafrica.com.
The Directors of Marula are responsible for the contents of this announcement. This announcement contains inside information for the purposes of
About Marula Mining
Marula Mining (AQSE: MARU) is an African focused battery metals investment and exploration company and has interests in several high value mine projects in
Marula’s strategy is to identify and invest in advanced and high-value mining projects throughout East, Central and
Marula’s shares are traded on the AQUIS Stock Exchange (AQSE), Marula is exploring opportunities to admit its shares to trading on AIM, the market operated by the London Stock Exchange Group plc, and Kenya’s Nairobi Securities Exchange.
For enquiries contact:
Marula Mining PLC Jason Brewer, Chief Executive Officer Faith Kinyanjui Mumbi Investor Relations |
Email : jason@marulamining.com Email : info@marulamining.com |
AQSE Corporate Adviser Cairn Financial Advisers LLP, Liam Murray / Ludovico Lazzaretti |
+44 (0)20 7213 0880 |
Broker Peterhouse Capital Limited, Charles Goodfellow / Duncan Vasey |
+44 (0)20 7138 3204 |
Financial PR and IR BlytheRay Tim Blythe / Megan Ray / Said Izagaren |
+44 (0)20 7138 3204 |
Caution;
Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identi?ed by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements re?ect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.
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