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Pathfinder Minerals PLC - AIM-listed cash shell seeking reverse takeover - Provides update on its proposed acquisition of Rome Resources Ltd. Says OAK Securities will provide advance funding of up to £100,000. In return, Oak will receive equity in the enlarged group. Pathfinder intends to provide Rome Resources with C$100,000 loan as part of existing agreement. Further, OAK says it has additionally confirmed to Pathfinder that indications of interest have been received from institutions in excess of £4.0 million in relation to the fundraise contemplated alongside the proposed transaction. Pathfinder currently expects to publish an AIM admission document by the end of June.
Current stock price: 0.25 pence
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