Acquisition

RNS Number : 8339U

Athol Gold and Value Limited

30 December 2011

 



ATHOL GOLD AND VALUE LIMITED

("Athol" or the "Company")

Completion of Acquisition

The Directors of Athol are delighted to announce that, at a general meeting held earlier today, shareholders in Worship Street Investments Limited ("Worship Street") approved the sale of its investment portfolio and cash to Athol.  Worship Street will now delist from PLUS and distribute to all of its 450 shareholders the 305,432,127 Athol Shares it acquired pursuant to the transaction.

Jennifer Allsop said:

"Our Funds Under management have today increased by almost 50%. We have more than doubled our shareholder list. Other deals of a similar nature are in the pipeline and our aim of creating a vehicle with highly liquid shares, serious funds under management and which  is able to deliver value by rationalising the plethora of sub critical investment companies on AIM and PLUS has moved one step closer. We look forward to 2012 with extreme confidence."

For further information contact:

Athol Gold Limited Jennifer Allsop, Executive Chairman	[phone]
Libertas Capital Corporate Finance Limited Sandy Jamieson	[phone]
XCAP Securities plc John Grant / Jon Belliss	[phone]

 

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