11 July 2011
VALIANT INVESTMENTS PLC
INVESTMENT AND OPTION AGREEMENT WITH TRILITH RESOURCES LTD
Valiant Investments Plc ("Valiant" or "the Company") is pleased to announce
that it has entered into an investment agreement and option agreement with
Trilith Resources Ltd ("Trilith"), a newly formed UK company incorporated to
focus on the acquisition, exploration and exploitation of natural resource
projects in Africa, particularly in Zambia and Tanzania, with a principle focus
on gold and copper mineralisation.
Under the investment agreement, Valiant has agreed to invest up to US$300,000
in Trilith to enable Trilith to secure mineral projects in Africa, particularly
in Zambia and Tanzania, with a focus on gold and copper mineralisation.
Valiant's investment will take the form of B shares in Trilith, with the
investment of $300,000 equating to 30% of the total voting share capital in
The option agreement that Valiant has entered into with Trilith gives Valiant
the option to acquire the outstanding issued share capital in Trilith that it
does not already own through the issue of 75,000,000 new ordinary shares in
The option is exercisable by Valiant for a period of 45 days, which period will
commence on the latter of:
a. the completion of Valiant's investment of $300,000 in Trilith, or
b. the completion of the investment by Trilith of not less than $200,000 in
natural resource projects and mineral licences in Africa
Valiant has already made the initial investment of $100,000 from its existing
TRILITH RESOURCES LTD
Trilith Resources Ltd is a UK company focused on the acquisition, exploration
and exploitation of natural resource projects in Africa, particularly in Zambia
and Tanzania, with a principle focus on gold and copper mineralisation. The
sole director of Trilith is Mr. Paul Lemmon, P. Geo, FGS, Pr.SCi.Nat, a
seasoned geologist with professional registrations in Canada and South Africa,
and who is a Fellow of the Geological Society of London, as well as a
Professional Graduate of the Institute of Materials, Minerals and Mining in the
UK. Paul has substantial experience operating in a number of countries in
Africa, including the Democratic Republic of Congo, Mali, Liberia, and most
notably with substantial experience in Zambia and Tanzania.
Trilith has two subsidiary companies, one domiciled in Zambia and the other in
Tanzania, of which it owns 95% of the issued share capital in each.
CONRAD WINDHAM, CHIEF EXECUTIVE OFFICER, SAID:
"I am delighted that Valiant has completed these agreements with Trilith. This
is a transaction that has the potential to be transformational for Valiant.
Trilith has already identified a number of potential projects for acquisition
in Zambia and Tanzania, and we therefore expect it to build a portfolio of
projects in the region in a short period of time. We will keep the market
closely informed on all areas of this transaction over the coming weeks."
The Directors of the Company accept responsibility for the contents of this
For further information, please contact:
VALIANT INVESTMENTS PLC
Telephone: 020 3130 0674
St Helens Capital Partners LLP
Telephone: 020 7368 6959