Last checked at 14 Oct 2013 10:24
Armadale Capital Plc (“the Company”)
Holding in Company
The Company was informed on 10 October 2013 that, following the sale of 80,000,000 ordinary shares in the Company (“Ordinary Shares”), Pelamis Investments Ltd. holds 100,000,000 Ordinary Shares which represents approximately 4.08% of the entire issued share capital of the Company.
Enquiries:
| Company | ||||||||
| Peter Marks, Chairman | +44 207 233 1462 | |||||||
| Charles Zorab, Investor Relations | ||||||||
| Nomad and broker: finnCap Limited | ||||||||
| Stuart Andrews/Christopher Raggett | +44 207 220 0500 | |||||||
| Press relations: St Brides Media & Finance Ltd. | ||||||||
| Susie Geliher/Charlotte Heap | +44 207 236 1177 | |||||||
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 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 project in the Witwatersrand basins. It has recently taken 15% of the shares in a company which holds an 80% stake in the Mpokoto Gold project in the Democratic Republic of the Congo, with agreements which could lead to the holding increasing to 90%. This is a gold deposit with 380,000 oz of JORC defined gold resource.
More information can be found on the website www.armadalecapitalplc.com.
Copyright Business Wire 2013