AIM listed Mentum Inc (to be renamed Tengri Resources) has acquired the mineral exploration and development operations in the Kyrgyz Republic of ASX listed Robust Resources Limited, by way of a reverse takeover.
Shareholder approval in respect of the transaction was granted on 14 July 2014 and admission of the Company’s enlarged share capital to AIM and dealings in the shares commenced on 15 July 2014.
The successful completion of the acquisition will give the enlarged group exposure to large scale gold and copper mining development and exploration operations in a region widely recognised for its mineral prospectivity.
Lubbock Fine partner, Stephen Banks, said: “We were delighted to be appointed by Mentum to act as their reporting accountants. The AIM market continues to be an attractive growth market for natural resources companies from around the world, enabling them to raise millions of pounds.”
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