Regulatory Story
Company Alexander Mining PLC
Headline New Strategy
Released 07:00 25-Sep-2019
Number 5262N07

RNS Number : 5262N
Alexander Mining PLC
25 September 2019

 25 September 2019


Alexander Mining plc

("Alexander" or the "Company")

New Strategy


The Board of Alexander Mining plc (AIM:AXM) announces that it has completed a review of its operations and has concluded that it is no longer in Shareholders' interests for the Company to continue to provide financial support indefinitely for its mineral processing technology activities, which are carried out by the Company's wholly owned subsidiary, MetaLeach Limited ("MetaLeach").  The Board is therefore proposing to dispose of MetaLeach and change the Company's business strategy.  The Company intends to become an AIM Rule 15 cash shell and to complete a suitable reverse takeover in accordance with the AIM Rules.


Once it has become an AIM Rule 15 cash shell, the Company must make an acquisition or acquisitions which constitute a reverse takeover under Rule 14 of the AIM Rules within six months of the General Meeting, otherwise the trading of the Company's shares on AIM will be suspended.  If the Company has not made an acquisition or acquisitions which constitute a reverse takeover under Rule 14 of the AIM Rules within six months of such suspension, the admission of the Company's shares to trading on AIM will be cancelled.


This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.




Martin Rosser

Chief Executive

Mobile: +44 (0) 7770 865 341


Alexander Mining plc

Tel: +44 (0) 20 7078 9566




Cairn Financial Advisers LLP

Sandy Jamieson/James Caithie

Tel: +44 (0) 20 7213 0880


Turner Pope Investments (TPI) Ltd.

Andy Thacker

Zoe Alexander

Tel: +44 (0) 20 3657 0050






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 or visit
London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.