Power Metal Resources PLC Katoro Gold Update (0467D)
February 14 2020 - 2:42AM
UK Regulatory
TIDMPOW
RNS Number : 0467D
Power Metal Resources PLC
14 February 2020
14 February 2020
Power Metal Resources plc ("POW" or the "Company")
Katoro Gold Update
Power Metal Resources plc (LON:POW) the AIM listed metals
exploration and development company is pleased to draw investors'
attention to the announcement issued today by Katoro Gold plc (LON:
KAT)("Katoro Gold" or "Katoro").
The announcement may be viewed through the following link:
https://polaris.brighterir.com/public/katoro_gold/news/rns/story/xon872w
Power Metal Resources holds 10,000,000 Katoro shares which
represents 5.57% of Katoro Gold's issued share capital. In
addition, POW also holds 10,000,000 warrants in Katoro Gold
exercisable at 1.25p (2,500,000 warrants expiring on 15 March 2022
and 7,500,000 warrants expiring on 15 May 2022).
POW also has a 25% interest in Katoro's Haneti polymetallic
project in Tanzania, with a right to increase its interest to 35%
by a payment to Katoro of GBP25,000 in cash by 15 May 2020.
For further information please visit
https://www.powermetalresources.com/ or contact:
Power Metal Resources plc
Paul Johnson (Chief Executive Officer) +44 (0) 7766 465 617
SP Angel Corporate Finance (Nomad and Joint Broker)
Ewan Leggat +44 (0) 20 3470 0470
SI Capital Limited (Joint Broker)
Nick Emerson +44 (0) 1483 413 500
First Equity Limited (Joint Broker)
David Cockbill/Jason Robertson +44 (0) 20 7330 1883
Notes to Editors:
Power Metal Resources plc (LON:POW) is an AIM listed metals
exploration and development company exploring for the key metals
used in power generation, transmission, storage and utilisation.
The Board and team of advisors, who have proven expertise in
exploration, mining and project generation, have identified an
opportunity to utilise the Company's position to become a leader in
the London market for investors to gain exposure to the power metal
commodity suite, particularly cobalt, lithium, copper and
nickel.
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.
END
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