Richmond Hill completes acquisition of Bartlett Mining Claims.

Richmond Hill Resources said on Wednesday that it has completed the acquisition of the Bartlett Mining Claims in Ontario, Canada, settling the consideration through a combination of cash and equity.

Richmond Hill Resources
22 April 2026 16:01:37

Source: Sharecast

The AIM-traded company paid CAD 125,000 (£67.74m) in cash and issued 16,983,827 new ordinary shares at 1.75p each, representing the remaining CAD 550,000 consideration due under the agreement.

It said the shares were issued to a third party and would be subject to lock-in arrangements, with releases scheduled in four equal tranches between October 2026 and October 2027.

Application had been made for the new shares to be admitted to trading on AIM, with admission expected on or around 27 April.

The shares would rank equally with the company’s existing ordinary shares.

Following admission, Richmond Hill’s issued share capital would comprise 735,248,168 ordinary shares of 0.1p each.

At 1347 BST, shares in Richmond Hill Resources were up 0.79% at 1.59p.

Reporting by Josh White for Sharecast.com.

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