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EUROPA METALS LIMITED - Completion of Disposal of Toral Project

Release Date: 13/11/2024 11:00
Code(s): EUZ     PDF:  
Wrap Text
Completion of Disposal of Toral Project

Europa Metals Ltd
(Incorporated and registered in Australia and registered as
an external company in the Republic of South Africa)
(Registration number 4459850)
(External company registration number 2011/116305/10)
Share code on AIM: EUZ
Share code on the JSE: EUZ
ISIN: AU0000014342
("Europa Metals", "the Company" or the "Group")

Completion of Disposal of Toral Project

Europa Metals, is pleased to announce that it has now completed its previously announced disposal
of 100% of the issued and outstanding shares of Europa Metals Iberia S.L. ("EMI"), the Spanish
subsidiary holding the Toral Zn-Pb-Ag Project (the "Toral Project") in the Leon Province, Northern
Spain to Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) ("Denarius Metals")

In accordance with the agreement with Denarius Metals as announced on 17 September 2024,
Europa Metals has now been issued 7,000,000 common shares in Denarius Metals which are
subject to a hold period ending on March 13, 2025. The former Option and Loan Agreements dated
November 22, 2022 between Europa Metals and the Denarius Metals were terminated on closing of
the Transaction.

As advised following completion of the disposal, the Company is now an 'AIM Rule 15 cash shell'
and, as such, the Company shall have six months to make an acquisition or acquisitions which
constitute a reverse takeover under AIM Rule 14 after which the shares would be suspended.

Europa Metals is continuing to work on the transaction previously announced with Viridian Metals
and its Tynagh re-cycling and reclamation project in the Republic of Ireland.

For further information on the Company, please visit www.europametals.com or contact:

Europa Metals Ltd
Dan Smith, Non-Executive Director and Company Secretary (Australia)
T: +61 8 9486 4036
E: dsmith@europametals.com

Myles Campion, Executive Chairman and acting CEO (UK)
E: mcampion@europametals.com

Beaumont Cornish (Nominated Adviser/Broker)
James Biddle/Roland Cornish
T: +44 (0) 20 7628 3396

Questco Corporate Advisory Proprietary Limited (JSE Sponsor)
Danielle Christodoulou
T: +27 63 482 3802

United Kingdom
13 November 2024

The information contained within this announcement is deemed by the Company to constitute inside information as
stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law pursuant
to the European Union (Withdrawal) Act 2018, as amended.

Nominated Adviser
Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by
the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise
and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers,
are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other
persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the
proposed arrangements described in this announcement or any matter referred to in it.

Date: 13-11-2024 11:00:00
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