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Creon Resources PLC (AMED)

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Tuesday 20 December, 2011

Creon Resources PLC

Share Price Movement

RNS Number : 3734U
Creon Resources PLC
20 December 2011
 



Creon Resources plc

 

("Creon", "the Company" or "the Group")

 

Share Price Movement

 

The board of directors note today's movement in the Company's share price and confirms that it knows of no specific reason for this movement.

 

The Company will seek investment opportunities, as set out in its investment policy, and when  suitable investments are sourced will make further announcements as appropriate.

 

Further information please contact:

 

Creon Resources plc


Director: Guus Berting

Tel: + 44 (0) 7833 461 142



Daniel Stewart & Company plc


Nominated Adviser & Broker


Noelle Greenaway/James Felix

Tel: + 44 (0) 20 7776 6550



gth media


Toby Hall/Suzanne Johnson-Walsh

Tel: + 44 (0) 20 3103 3900

 

 

Note to Editors:

 

The Company's Investment Policy is to invest principally but not exclusively in the resources and/or resources infrastructure sectors, with no specific national or regional focus. The Company may be either an active investor and acquire control of a single company or it may acquire non-controlling shareholdings.

 

Investments made by the Company may be either quoted or unquoted; made by direct acquisition or through farm-ins; may be in companies, partnerships, joint ventures; or direct interests in resources projects. Target investments will generally be involved in projects in the exploration and/or development stage. The Company's equity interest in investments may range from a minority position to 100 per cent. ownership.

 

The Company will initially focus on projects located in the Middle East and Asia but will also consider investments in other geographical regions.

 

The Company will identify and assess potential investment targets and where it believes further investigation is required, intends to appoint appropriately qualified advisers to assist.

 

The Company will carry out a comprehensive and thorough project review process in which all material aspects of any potential investment will be subject to rigorous due diligence, as appropriate. It is likely that the Company's financial resources will be invested in a small number of projects or potentially in just one investment which may be deemed to be a reverse takeover under the AIM Rules.

Where this is the case, it is intended to mitigate risk by undertaking an appropriate due diligence process. Any transaction constituting a reverse takeover under the AIM Rules will require Shareholder approval. The possibility of building a broader portfolio of investment assets has not, however, been excluded.

 

The Company intends to deliver shareholder returns principally through capital growth rather than capital distribution via dividends. Given the nature of the Company's Investing Policy, the Company does not intend to make regular periodic disclosures or calculations of net asset value.

 


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