PR Newswire
LONDON, United Kingdom, April 22
Richmond Hill Resources Plc
(«Richmond Hill» or the «Company»)
Update re Bartlett Mining Claims
Issue of Equity
Richmond Hill Resources Plc (AIM: RHR) is pleased to announce that, further to
the announcement on7 April 2026, the Company has completed the acquisitionof the
Bartlett Mining Claims (the «Transaction») located in Ontario, Canada.
Pursuant to the Agreement, the Company has paid CAD$125,000 in cash and issued
16,983,827 new ordinary shares of 0.1 pence each at a price of 1.75 pence per
share, in satisfaction of the CAD$550,000 consideration due under the Agreement
(the «Consideration Shares») to a third party.
The Consideration Shares will be subject to a lock-in agreement whereby the
shares will be restricted from sale, transfer or disposal, other than in
accordance with the lock-in terms. The Consideration Shares will be released in
four equal instalments on 15 October 2026, 15 April 2027, 15 June 2027 and 15
October 2027.
Issue of Shares
Application will be made to theLondon Stock Exchangefor the admission of the
16,983,827 Consideration Shares to trading on AIM («Admission»). Admission is
expected to occur on or around27 April 2026. The Consideration Shares will
rankpari passuwith the existing ordinary shares.
Total Voting Rights
For the purposes of the Disclosure and Transparency Rules, following Admission,
the Company’s issued share capital will comprise735,248,168ordinary sharesof0.1
penceeach. This figure may be used by shareholders as the denominator for
calculations to determine if they are required to notify their interest in, or a
change to their interest in, the Company under the Disclosure and Transparency
Rules.
Forward Looking Statements
This announcement contains forward-looking statements relating to expected or
anticipated future events and anticipated results that are forward-looking in
nature and, as a result, are subject to certain risks and uncertainties, such as
general economic, market and business conditions, competition for qualified
staff, the regulatory process and actions, technical issues, new legislation,
uncertainties resulting from potential delays or changes in plans, uncertainties
resulting from working in a new political jurisdiction, uncertainties regarding
the results of exploration, uncertainties regarding the timing and granting of
prospecting rights, uncertainties regarding the Company’s ability to execute and
implement future plans, and the occurrence of unexpected events. Actual results
achieved may vary from the information provided herein as a result of numerous
known and unknown risks and uncertainties and other factors.
Capitalised terms used in this announcement shall, unless otherwise defined,
have the same meanings as set out in the Company’s announcement on 7 April
2026.This announcement contains inside information for the purposes of the UK
Market Abuse Regulation and the Directors of the Company are responsible for the
release of this announcement.
For further information, please contact:
Richmond Hill Resources Tel: +44 (0)203 582 6636
Hamish Harris
Cairn Financial Advisers LLP (Nominated Adviser) Tel: +44 (0)20 7213 0880
Ludovico Lazzaretti / James Western
Clear Capital Limited (Broker) Tel: +44 (0) 20 3869 6080
Bob Roberts
Further information on the Company can be found on its website at
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