Eastinco joins London Stock Exchange Main Market for listed securities
Eastinco Mining and Exploration has announced it is joining London Stock Exchange Main Market for listed securities.
Charles Bray, Executive Chairman of Eastinco made the announcement and also announced its move change the firms’ name to Aterian plc. set to be used in the dealing under the ticker “ATN” (ISIN: GB00BKS7ZV87). Upon approval of the firm’s application to change its name and admission to LSE, the company will have 964,694,093 ordinary shares in issue which shareholders should use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the company, under the FCA’s Disclosure Guidance and Transparency Rules.
“We are excited to develop and explore in Africa’s most business-friendly countries, focusing on metals that are essential to realising key strategic objectives for the green economy, as well as global health and international security. We look forward to applying the proceeds of the fundraise to the exploration of our portfolio of assets with the aim of creating and realising long-term value for the company’s shareholders, “commented Charles Bray, Executive Chairman of Eastinco.
Development
“The company is diversified by jurisdiction and commodity and has a strong critical and strategic metal asset base, whilst continuing to support ethical and sustainable supply chains. The Board and management have significant technical and transactional experience, which will be leveraged to potentially acquire and develop undervalued strategic metal assets across Africa. The company intends to become an important supplier of commodities and be integral to the development of the renewable energy, automotive and electronic manufacturing sectors,” he added
On admission, Elemental Altus will become the company’s largest shareholder, owning 25% of the company’s issued share capital. A representative of Elemental Altus, Alister Masterton-Hume, will join the board of the company.
“As we now join the Main Market of the London Stock Exchange, I look forward to engaging with a broader base of investors and stakeholders. Our team should be rightly proud of their achievements to date and, with them, I am excited about successfully executing our growth strategy to realise significant returns for shareholders,” concluded Bray.
