PKF supports Lansdowne Oil & Gas Plc on its reverse takeover of São Gabriel Mineração Ltda, fundraise and re‑admission to AIM.
PKF supports Lansdowne Oil & Gas Plc on its reverse takeover of São Gabriel Mineração Ltda, fundraise and re‑admission to AIM.
The transaction constitutes a reverse takeover under the AIM Rules, alongside a proposed change of name to Lansdowne Resources Plc, reflecting the Company’s transition towards natural resources exploration and development.
In connection with the transaction, Lansdowne has raised approximately £1.9 million through a placing of new Ordinary Shares to support exploration activities and working capital requirements.
The acquisition of São Gabriel Mineração Ltda. (SGM) provides the Company with exposure to the Macaubas graphite project in Bahia, Brazil, where early-stage exploration has confirmed graphite mineralisation across two licences covering approximately 2,805 hectares.
Admission marks an important milestone for the Company, including:
- The re-admission of the enlarged share capital to AIM
- A share consolidation and capital restructuring
- The implementation of a new growth strategy focused on battery metals and energy transition minerals
The transaction positions Lansdowne to progress exploration activity at the Macaubas project, with the objective of establishing a maiden resource and advancing towards potential mining development.
“We are delighted to have worked with Lansdowne Oil & Gas Plc on its recent transaction and look forward to supporting the business in the next phase of its growth.”
Joseph Baulf, Partner, PKF
The PKF Littlejohn team advising on the transaction comprised Joseph Baulf, Jack Devlin, Wendy Liang and Matthew Roberts.
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