9 Jan 2006 07:00
Draganfly Investments Ltd09 January 2006 Draganfly Investments Limited ("Draganfly" or "the Company") 09 January 2006 Net Asset Value The Company's unaudited Net Asset Value ("NAV") as at 31 December 2005 was£3,243,585.85, resulting in a NAV per ordinary share of 2.84p. The Company was pleased to note the announcement on 20 December 2005 byCordillera Resources Plc (CLA.L) regarding their agreement to acquire, subjectto satisfactory due diligence and shareholder approval, Continental PetroleumLimited ("Continental") which values each share in Continental at £11.64.Following, the Company's purchase of 35,000 shares in Continental via a privateplacing in August 2005 at £6.00 per Continental share, this represents a totaluplift on the Company's initial investment of £197,400 (94 per cent.). Thisuplift is not reflected in the above NAV and will only be included when theenlarged entity is re-admitted to AIM. Enquiries Dennis Edmonds 07796 338 372 Peter Harris Draganfly Investments Limited This information is provided by RNS The company news service from the London Stock Exchange