Last checked at 20 Dec 2013 07:00
Armadale Capital Plc ("the Company")
Holding in Company
20 December 2013
The Company was notified on 18 December 2013 that Pelamis Investments Limited (“Pelamis”) holds 123,493,361 ordinary shares of 0.01p in the capital of the Company (“Ordinary Shares”) which represents approximately 3.8% of the entire issued share capital of the Company.
Enquiries:
| Company | |||
| Charles Zorab, Investor Relations | +44 207 233 1462 | ||
| Nomad and broker: finnCap Limited | |||
| Stuart Andrews/ Christopher Raggett | +44 207 220 0500 | ||
| Press relations: St Brides Media & Finance Ltd. | |||
| Susie Geliher/Charlotte Heap | +44 207 236 1177 |
Notes
Armadale Capital Plc is focussed on investing in and developing a portfolio of investments, targeting the natural resources and/or infrastructure sectors. The Company, led by a team with operational experience and a strong track record in Africa, has a strategy of identifying high growth potential businesses where it can take an active role in their advancement.
Armadale holds the right to an 80% interest in the Mpokoto Gold Project in the Democratic Republic of Congo. Armadale are focused on proving up the resource potential of Mpokoto with a view to commencing commercial gold production in 2015.
Armadale also holds approximately a 40% interest in Mine Restoration Investments Ltd, a South African listed company, which aims to develop profitable operations within the South African mining industry through its coal briquetting operation in KwaZulu Natal and acid mine drainage technology in the Witwatersrand basins.
In addition, Armadale has a small portfolio of listed investments which are focused on gold production and exploration. The Directors continue to maintain an active acquisition strategy and will review investment opportunities that they believe have the potential to be accretive in terms of shareholder value.
Copyright Business Wire 2013