LONDON - Nativo Resources Plc (LON:NTVO), a company with gold mining interests in Peru, has announced a revision to the acquisition terms of the Morrocota Gold Mine. The updated agreement sets the acquisition price at approximately £115,885, a reduction from the previously stated £124,557. This adjustment will be settled through the issuance of 4,030,779,249 new ordinary shares at a price of £0.0000288 per share upon completion, expected in March 2025.
The revised terms follow earlier announcements made on December 6 and December 16, 2024. Despite the change in financial terms, all other conditions of the acquisition remain the same. The investment by the vendors through a share subscription, as initially disclosed on December 6, will also proceed at the time of completion.
The company will apply for the new Consideration Shares and Subscription Shares to be admitted to trading on the AIM market of the London Stock Exchange (LON:LSEG), with the formal announcement to be made once the transaction is finalized.
The reduction in the acquisition cost represents a modest adjustment to the initial agreement and is part of the ongoing developments in Nativo's expansion of its mining portfolio. The issuance of new shares is a typical method for financing acquisitions in the mining sector, allowing companies to preserve cash for operational activities and capital expenditures.
This announcement, containing what is considered inside information under UK law, is now publicly available following its release through a Regulatory Information Service. The information is based on a press release statement from Nativo Resources Plc.
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