Armadale Capital Regulatory News (ACP)

26 Nov 2013 16:00

Armadale Capital Plc / Index: AIM / Epic: ACP / Sector: Investment Company

26 November 2013

Armadale Capital Plc (‘Armadale’ or ‘the Company’)

Holdings in Company

Armadale, the AIM quoted investment company focused on natural resource projects in Africa, was notified on 25 November 2013 that following the sale of 60 million ordinary shares in the Company on 15 November 2013, Pelamis Investments Ltd no longer holds a notifiable interest in Armadale.

**ENDS**

Enquiries:

More information can be found on the website www.armadalecapitalplc.com

Notes

Armadale Capital Plc is focussed on investing in and developing a portfolio of investments, targeting the natural resources and/or infrastructure sectors. The Company, led by a team with operational experience and a strong track record in Africa, has a strategy of identifying high growth potential businesses where it can take an active role in their advancement.

Armadale currently holds a prospective interest, with options in place to increase this to 100%, in Netcom Global Inc., which holds an 80% interest in the Mpokoto Gold Project in the Democratic Republic of Congo. Mpokoto has an estimated 380,000oz JORC defined gold resource which Armadale are focused on proving up with a view to commencing commercial gold production in 2015.

Armadale also holds approximately a 40% interest in Mine Restoration Investments Ltd, a South African listed company, which aims to develop profitable operations within the South African mining industry through its coal briquetting operation in KwaZulu Natal and acid mine drainage technology in the Witwatersrand basins.

In addition, Armadale has a small portfolio of listed investments which are focused on gold production and exploration. The Directors continue to maintain an active acquisition strategy and will review investment opportunities that they believe have the potential to be accretive in terms of shareholder value.

Copyright Business Wire 2013