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Hameldon Resources (MAFL)

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Thursday 28 October, 2010

Hameldon Resources

Investment Update

RNS Number : 1553V
Hameldon Resources Limited
28 October 2010
 



HAMELDON RESOURCES LIMITED

 

Investment Update

 

 

 

On 26 October 2010, the Board of Directors of Hameldon Resources Limited ("HRE" or the "Company") announced that the Company had raised £500,000 by way of a placing of new ordinary shares in the Company and the issue of convertible loan notes.

 

These funds have now been used to fulfil the Company's investment strategy, approved at an EGM on 26 October 2009, to invest in the natural resources sector.

 

In accordance with its investing policy the Company has acquired minority positions, ranging from stakes of 0.01 to 0.3%, in a total of ten gold and precious metal companies, eight of which are quoted on the London Stock Exchange and two of which on the TSX. The individual stakes taken range from £30,000 to £43,000 and the total consideration of approximately £400,000 has been fully satisfied in cash.

 

The companies invested in range from exploration and development companies focused on gold and other metals projects to producing gold mines with operations located across regions in Africa, Asia-Pacific, Europe and the FSU. The Company continues to evaluate various new opportunities, which would meet its investment criteria, with a particular focus on gold and precious metals.

 

For further details, please contact:

 

Hameldon Resources Limited

Waseem Shiraz

+44 207 399 4380

 

Tom Winnifrith

+44 1624 676848

 

Strand Hanson Limited

James Harris / Angela Peace

+44 207 409 3494

 

Bishopsgate Communications

Nick Rome

+44 207 562 3350

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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