Evrima Plc Update re. Investee Company
February 19 2021 - 7:49AM
UK Regulatory
TIDMEVA
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY EVRIMA PLC TO
CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION
(EU) NO. 596/2014 AS AMENDED ("MAR") OR EQUIVALENT, TRANSITIONAL REGULATIONS IN
THE UNITED KINGDOM. ON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY
INFORMATION SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN
THE PUBLIC DOMAIN.
Evrima plc
AQSE: EVA
("Evrima" or the "Company")
Evrima plc Investee Update: Premium Nickel Resources Corporation Selected as
Preferred Bidder in BCL Liquidation Process
Particulars of the RIS Announcement
1. Premium Nickel Resources Corporation ("PNR")
2. PNR Selected as Preferred Bidder in BCL Liquidation Process
3. Evrima plc's Investment Interest
1. Premium Nickel Resources Corporation (PNR)
"PNR is dedicated to the exploration and development of high-quality
nickel-copper-cobalt (Ni-Cu-Co) resources. We believe that the medium to
long-term demand for these metals will grow through continued global
urbanization and the increasing replacement of internal combustion engines with
electric motors. Importantly, these metals are key to a low?carbon future.
PNR maintains a skilled team with strong financial, technical and operational
expertise to take an asset from discovery to exploration to mining.
PNR has focused its efforts in discovering world class nickel sulphide assets
in jurisdictions with rule-of-law that fit strict criteria that comply with
PNR's values and principles which stand up against the highest acceptable
industry standards. We are committed to Governance through transparent
accountability and open communication within our team and our stakeholders"
2. PNR Selected as Preferred Bidder in BCL Liquidation Process
as released by, Premium Nickel Resources Corporation - https://
www.premiumnickelresources.ca/pdf/2021-02-16-PNR-Press-Release.pdf
"Toronto, Ontario, February 16, 2021 - Premium Nickel Resources ("PNR") is
pleased to announce that it has been selected as the preferred bidder for the
Botswana nickel-copper-cobalt ("Ni-Cu-Co") assets formerly operated by BCL
Limited ("BCL"), and currently in liquidation.
In June 2020, PNR submitted an indicative offer to the BCL Liquidator to
acquire the former producing Selebi-Phikwe, Tati Phoenix and Selkirk Mines as
well as regional exploration joint ventures on highly prospective Ni-Cu-Co
projects located in Botswana.
On February 10, 2021 the Honourable, Moagi Lefoko, the Minister of Mineral
Resources, Green Technology and Energy Security of Botswana, affirmed in
Parliament the press release by the Liquidator for the BCL Group of Companies,
stating that PNR was selected as the preferred bidder to acquire the assets
formerly owned by BCL. This announcement follows an independent technical
evaluation on behalf of the Liquidator, and a review by the Government of
Botswana, over the last seven months.
PNR would like to thank the Minister of Mineral Resources, Green Technology &
Energy Security, Botswana for publicly announcing that PNR was being awarded
the Preferred Bidder status last week, as has been widely reported in the
global media. PNR will now complete the documentation with the Liquidator to
govern the six-month exclusivity period to complete due diligence on these
assets. During the exclusivity period, PNR will negotiate definitive agreements
to finalize terms on the prioritized assets to be purchased.
PNR continues to monitor the global Covid-19 developments and is committed to
working with health and safety as a priority and in full respect of all
government and local Covid-19 protocol requirements. PNR has developed Covid-19
travel, living and working protocols in anticipation of moving forward to on
site due diligence and is integrating these protocols with those of The
Government of Botswana and surrounding communities."
ON BEHALF OF THE BOARD OF DIRECTORS
Charles Riopel
Chairman of the Board
Premium Nickel Resources Corporation
Premium Nickel Resources Corporation
130 Spadina Avenue, Suite 401 Toronto, Ontario, Canada M5V 2L4
info@premiumnickelresources.ca
3. Evrima plc: Investment Interest in PNR
Evrima plc, has completed its investment commitment under the terms of the
subscription agreement entered with Premium Nickel Resources Corporation.
Since July 2020 Evrima has accumulated through private placement participation,
1,000,000 shares of PNR representing, 1.37% of the latter's issued share
capital.
The Company,
London, 18th February 2021
The Directors of the Company, who have issued this RIS announcement after due
and careful enquiry, accept responsibility for its content.
REGULATORY ANNOUNCEMENT ENDS.
Enquiries
Company:
Burns Singh Tennent-Bhohi (CEO & Director)
burns@evrimaplc.com
Simon Grant-Rennick (Executive Chairman)
simon@evrimaplc.com
Direct Office Line: +44 (0) 20 3778 0755
Keith, Bayley, Rogers & Co. Limited (AQSE Corporate Adviser):
Graham Atthill-Beck: +44 (0) 20 7464 4091; +44 (0) 7506 43 41 07;
+971 (0) 50 856 9408; Graham.Atthill-Beck@kbrl.co.uk;
blackpearladvisers@gmail.com
Peterhouse Capital Limited (Corporate Stockbroker):
Lucy Williams: +44 (0) 20 7469 0930
Duncan Vasey: +44 (0) 20 7220 9797 (Direct)
END
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