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Onzima Ventures PLC (ONZ)

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Monday 07 December, 2015

Onzima Ventures PLC

Investment

RNS Number : 1954I
Onzima Ventures PLC
07 December 2015
 

7 December 2015

 

Onzima Ventures PLC

 

("Onzima" or the "Company")

 

Investment

 

The Company announces that it has made its first investment, subscribing through a placing for 50,000,000 new ordinary shares in AIM-traded Glenwick plc ("Glenwick") at 0.1p per share for a total consideration of £50,000.  

 

As a result of the subscription Onzima now holds 3.63% of Glenwick's issued share capital as enlarged by the placing.

 

Glenwick is an investing company which will seek to acquire companies within the natural resources sector. Initially the geographical focus will be Australasia and North America but it may also consider other regions to the extent that its Board considers that valuable opportunities exist and positive returns can be achieved.

 

Gavin Burnell, CEO of Onzima said: "Though a small investment for Onzima we are pleased to have secured 20% of the Glenwick raise to give Onzima some exposure to the potential upside".

 

Onzima is in the process of considering a number of other investments and looks forward to making further announcements in due course.

 

 

For further information please contact:

 

Onzima Ventures PLC                               Tel:  +44 1279 821 200

Gavin Burnell, Luke Cairns

 

Nominated Adviser

Cairn Financial Advisers LLP                   Tel:  +44 (0) 207 148 7900        

Sandy Jamieson, Liam Murray

 

Broker

Peterhouse Corporate Finance Limited    Tel:  +44 (0) 20 7469 0930     

Guy Miller, Lucy Williams

 


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