TIDMACP

RNS Number : 1196V

Armadale Capital PLC

12 April 2021

Armadale Capital Plc / Index: AIM / Epic: ACP / Sector: Investment Company

12 April 2021

Armadale Capital Plc

('Armadale' or 'the Company')

Termination of Joint Broker Agreement

Armadale Capital plc, the AIM quoted investment group focused on natural resource projects in Africa, announces the termination of the joint broker agreement with SI Capital and that it will retain finnCap as it's broker and nomad.

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

**ENDS**

 
Enquiries: 
Armadale Capital Plc 
 Nick Johansen, Non-Executive Director 
 Tim Jones, Company Secretary            +44 (0) 20 7236 1177 
Nomad and broker: finnCap Ltd 
 Christopher Raggett / Teddy Whiley      +44 (0) 20 7220 0500

Notes

Armadale Capital Plc is focused on investing in and developing a portfolio of investments, targeting the natural resources and/or infrastructure sectors in Africa. The Company, led by a team with operational experience and a strong track record in Africa, has a strategy of identifying high growth businesses where it can take an active role in their advancement.

The Company owns the Mahenge Liandu graphite project in south-east Tanzania, which is now its main focus. The Project is located in a highly prospective region with a high-grade JORC compliant Indicated and inferred mineral resource estimate of 59.48Mt @ 9.8% TGC, making it one of the largest high-grade resources in Tanzania, and work to date has demonstrated Mahenge Liandu's potential as a commercially viable deposit with significant tonnage, high-grade coarse flake and near surface mineralisation (implying a low strip ratio) contained within one contiguous ore body.

Other assets Armadale has an interest in, include the Mpokoto Gold project in the Democratic Republic of Congo and a portfolio of quoted investments.

More information can be found on the website www.armadalecapitalplc.com .

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

APPMZGMDRZNGMZG

(END) Dow Jones Newswires

April 12, 2021 04:20 ET (08:20 GMT)

Armadale Capital (LSE:ACP)
Historical Stock Chart
From Dec 2024 to Jan 2025 Click Here for more Armadale Capital Charts.
Armadale Capital (LSE:ACP)
Historical Stock Chart
From Jan 2024 to Jan 2025 Click Here for more Armadale Capital Charts.