Rome Resources Plc completes acquisition of Rome Resources Ltd, an associated private placing and re-admission to AIM

On July 26, 2024, Rome Resources Plc, formerly Pathfinder Minerals Plc, ("Rome Plc" or the "Company") successfully acquired the entire issued share capital of Rome Resources Ltd ("Rome Ltd"), an associated private placing and the Company's re-admission to the Alternative Investment Market (AIM) of the London Stock Exchange. The acquisition constituted a reverse takeover and was implemented via a court-approved plan of arrangement in British Columbia.

Prior to the acquisition, Rome Ltd was a TSXV-listed exploration company based in Canada with tin assets in the Democratic Republic of the Congo. As part of the acquisition, Rome Plc raised approximately £4 million through the issue of 1,333,333,330 placing shares at a price of 0.30 pence per new ordinary share. This funding aims to support the Company's drilling program.

Fasken advised Rome Plc on the English and Canadian law aspects of the acquisition, private placing and AIM re-admission. The team was led by Leon Miller and Jodi Katz, including Martin Ferreira Pinho (Capital Markets); Chloe Zelia Gill-Braun, Stephen Vincelli, Lucinda Patrick-Patel, Sukhvir Gill (Securities and M&A), Mark Pontin (Litigation and Dispute Resolution); Mitchell Thaw (Tax Law); Rosemary McCabe, Ksawery Paczek and Emily Smith (Paralegals).