29 Apr 2005 08:00
Draganfly Investments Ltd29 April 2005 Draganfly Investments Limited 29 April 2005 DRAGANFLY INVESTMENTS LIMITED ("Draganfly" or the "Company") Commencement of trading on AIM The Directors of Draganfly Investments Limited are pleased to announce theCompany's admission to the London Stock Exchange's AIM Market. Teather &Greenwood Limited is acting as the Company's Nominated Adviser and Broker. Draganfly is a newly incorporated company established to consider investmentopportunities mainly in the natural resources, consumer products, technology andservices sectors primarily in the UK and Europe to increase its capital valueand to provide an acceptable return to shareholders. The Company has engaged theservices of Millpath Limited, a company managed by Dusko Lukic ("InvestmentAdvisor"), who has twenty years experience as an institutional stockbroker. The Investment Advisor has been appointed to identify, advise and executepossible investment and/or divestment opportunities with the Directors' approvalthat may meet the investment strategy objectives of the Company. The investmentsmay be in either quoted or unquoted securities or interests in companies orother entities whose equity value does not exceed £1 billion. The Directors willgive particular consideration to identifying investments which areunder-performing or under-valued and where the Directors believe that theCompany's or the Investment Advisor's expertise and experience can be deployedto facilitate growth in or unlock inherent value in the investment. On Admission the Company will have in issue 114,227,000 ordinary shares of 1peach and 8,000,000 warrants to subscribe for ordinary shares at a price of 3pper share. It is estimated the Company will have on Admission a net asset valueof £3,054,310 and a net asset value per ordinary share of 2.67p. Contacts Dennis Edmonds Draganfly Investments Limited 07796 338 372 Dusko Lukic Millpath Limited 07789 488 751 Stephen Austin Teather & Greenwood 020 7426 9000 This information is provided by RNS The company news service from the London Stock Exchange