Lexington Gold Limited Receipt of Irrevocable Undertakings (2216D)
June 20 2023 - 1:00AM
UK Regulatory
TIDMLEX
RNS Number : 2216D
Lexington Gold Limited
20 June 2023
20 June 2023
Lexington Gold Ltd
("Lexington Gold" or the "Company")
Receipt of Irrevocable Undertakings re Special General
Meeting
Lexington Gold (AIM: LEX), the gold exploration and development
company with projects in North and South Carolina, USA, is pleased
to announce, further to the Company's announcement of 5 June 2023
regarding the recent posting of a formal notice and accompanying
Chairman's Letter in respect of the forthcoming Special General
Meeting ("SGM") to be held at 10.00 a.m. (Bermuda time) on 26 June
2023, that it has been provided with irrevocable undertakings to
vote (or procure the vote) in favour of all the Resolutions to be
tabled at the SGM from certain Shareholders, in respect of, in
aggregate, 146,604,745 Common Shares representing approximately
51.79 per cent. of the Company's existing issued Common Shares.
Further details are set out below:
Shareholder Number of Percentage
Common Shares of Lexington
Gold's existing
issued Common
Shares
Pure Ice Ltd 65,810,946 23.25
Orasa (a.k.a. Doris) Chiaratanasen 42,349,200 14.96
Mark Greenwood 33,794,999 11.94
Aero Services (I.O.M.) Limited 4,649,600 1.64
Total : 146,604,745 51.79
--------------- -----------------
Unless otherwise defined herein, all capitalised terms in this
announcement shall have the meanings ascribed to them in the
Chairman's Letter dated 2 June 2023 which is available to download
from the Company's website at www.lexingtongold.co.uk.
Commenting today, Lexington Gold's Chairman, Edward Nealon, said
:
"Despite the current challenging market conditions, we are
pleased to have received this overwhelming show of support for,
inter alia, our proposed acquisition of White Rivers Exploration
(Pty) Limited from our largest Shareholders by way of irrevocable
undertakings to vote in favour of all of the Resolutions to be
tabled at the forthcoming SGM. I would like to thank such
Shareholders for their continued support and we look forward to
providing further updates on the proposed acquisition and our plans
to unlock value from WRE's highly promising assets in the
Witwatersrand gold fields in due course."
For further information, please contact :
Lexington Gold Ltd www.lexingtongold.co.uk
Bernard Olivier (Chief Executive Officer) via Yellow Jersey
Edward Nealon (Chairman)
Mike Allardice (Group Company Secretary)
Strand Hanson Limited (Nominated Adviser) www.strandhanson.co.uk
Matthew Chandler / James Bellman / Abigail T: +44 207 409 3494
Wennington
WH Ireland Limited (Joint Broker) www.whirelandplc.com
Katy Mitchell / Enzo Aliaj T: +44 207 220 1666
Peterhouse Capital Limited (Joint Broker) www.peterhousecap.com
Duncan Vasey / Lucy Williams (Broking) T: +44 207 469 0930
Eran Zucker (Corporate Finance)
Yellow Jersey PR Limited (Financial Public www.yellowjerseypr.com
Relations) T: +44 7948 758 681
Charles Goodwin / Annabelle Wills / Soraya
Jackson
Note to Editors :
Lexington Gold (AIM: LEX) is a gold exploration and development
company currently holding interests in four diverse gold projects,
covering a combined area of approximately 1,675 acres in North and
South Carolina, USA. The projects are situated in the highly
prospective Carolina Super Terrane ("CST"), which has seen
significant historic gold production and is host to several
multi-million-ounce mines operated by majors. It was also the site
of the first US gold rush in the early 1800s, before gold was
discovered in California.
Further information is available on the Company's website:
www.lexingtongold.co.uk . Neither the contents of the Company's
website nor the contents of any website accessible from hyperlinks
on the Company's website (or any other website) is incorporated
into, or forms part of, this announcement.
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END
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