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Completion of Acquisition

14th Jul 2014 11:15

RNS Number : 2158M
Mentum Inc.
14 July 2014
 



 

 

 

Mentum Inc

 

("Mentum" or the "Company')

 

Completion of acquisition of the Kyrgyz Republic Mining Assets of Robust

Resources Limited

 

Mentum is pleased to announce that all resolutions contained in its notice of General Meeting dated 18 June 2014 and put to its Annual General Meeting, which was held earlier today, were duly passed. This follows the Company's announcement on 18 June 2014 in relation to the acquisition of the Kyrgyz Republic mining assets of Robust Resources Limited, Share Consolidation and resolution to approve the Company's change of name (the "Transaction").

 

Shareholder approval has now been granted, as required under Rule 14 of the AIM Rules, being a condition to completion of the Transaction. Admission of the Company's enlarged issued ordinary share capital to AIM and dealings in such ordinary shares, being the final condition to the completion of the Transaction, is expected to commence at 8:00am tomorrow, 15 July 2014.

 

The change of name to Tengri Resources and corresponding ticker/TIDM change to TEN will become effective on the London Stock Exchange once the change of name certificate issued by the Registrar of Companies in and for the Cayman Islands is accepted by the London Stock Exchange. Pending acceptance by the London Stock Exchange, the Consolidated Ordinary Shares will trade under the existing AIM symbol MEN. A further announcement will be made when the name change has become effective.

For the avoidance of doubt, following Admission, the Company's new SEDOL code will be BNB7BZ2 and its new ISIN code will be KYG8760E1052.

 

Following the Share Consolidation it is expected that replacement share certificates will be despatched to those shareholders holding shares in certificated form by 21 July 2014 and that CREST accounts will be credited with the Consolidated Ordinary Shares on 15 July 2014.

 

On Admission the Company's issued ordinary share capital will be 107,431,900 Consolidated Ordinary Shares which shareholders should use as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

 

Definitions

 

The same definitions apply throughout this announcement as are applied in the Admission Document. The Admission Document was sent to Shareholders on 18 June 2014 and is available on the Company's website www.mentuminc.com (prior to Admission) / www.tengriresources.co.uk (following Admission).

 

 

For further information, please contact:

 

Mentum Inc.

Peter Moss +44 20 3301 9331

 

finnCap Ltd (Nomad)

Matthew Robinson/Grant Bergman/James Thompson +44 20 7220 0500

 

Peterhouse Corporate Finance Limited (Corporate Broker)

Heena Karani +44 20 7469 0936

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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