PYX Resources: Achieving volume and diversification milestones. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCraven House Capital Regulatory News (CRV)

Share Price Information for Craven House Capital (CRV)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.20
Bid: 0.15
Ask: 0.25
Change: 0.00 (0.00%)
Spread: 0.10 (66.667%)
Open: 0.20
High: 0.20
Low: 0.20
Prev. Close: 0.20
CRV Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Investment in Mongolia Growth Group Ltd

29 Jun 2011 12:44

RNS Number : 3662J
AIM Investments PLC
29 June 2011
 



29 June 2011

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

 

AIM Investments Plc

(the "Company")

 

Investment in Mongolia Growth Group Ltd

 

The Company is pleased to announce that it has subscribed for 42,500 common shares of CAD$3.51 per share in Mongolia Growth Group Ltd ("MGG"), a real estate and financial services investment fund focusing its operations in the emerging economy of Mongolia, which is listed on the Canadian National Stock Exchange (YAK:CNSX). The cost of this investment is CAD$149,175 (£95,131) in aggregate and represents a holding of 0.1% of the total issued share capital of MGG.

 

The Company took part in a private placement that formed part of a larger issue and sale by MGG of up to 5,698,006 shares at a purchase price of CAD$3.51 per common share, which raised a total of CAD$20,000,000. The closing mid market value of MGG shares at 28th June 2011 is CAD$4.40, valuing the Company's investment at CAD$187,000 (£119,382).

 

This investment is in line with the Company's strategy of participating in companies that will provide investors the ability to access opportunities in emerging and frontier markets; and of participating in private placements in companies that are already listed on an international exchange but are seeking additional capital to expand operations or make acquisitions, which will return equity and/or warrants at a price set by the market or placing price.

 

Chairman, Mark Pajak, commented, "The investment in Mongolia Growth Group Ltd gives the Company exposure to the economic growth and exciting prospects presented by Mongolia, whilst balanced with the benefits of investing in a company which is listed on a major exchange and has its investments diversified across varied asset classes. We are very confident that this investment has the potential to offer significant value enhancement for our shareholders and, at the same time, establishes a relationship with the investee company that we hope will prove valuable in generating future investment opportunities in Mongolia.

 

We have been impressed by the management's track-record, current approach, transparency, communication and the fact that they have invested considerable amounts of their own capital into recent share offerings."

 

More detail on MGG can be found at the following website:

 

http://www.mongoliagrowthgroup.com/ 

 

For further information please contact:

 

AIM Investments Plc

Mark Pajak

07771 842527

Daniel Stewart & Company (Nominated Adviser and Broker)

Antony Legge, James Thomas

020 7776 6550

www.aiminvestmentsplc.com

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
ACQPGUPCQUPGGGB
Date   Source Headline
1st Jun 20127:00 amRNSFurther investment in Pressfit Holdings Plc
1st Jun 20127:00 amRNSTotal Voting Rights
17th May 20122:47 pmRNSFurther Investment in Farm Lands of Africa Inc.
4th Apr 20121:02 pmRNSCorrection: Interim Results
29th Feb 20127:00 amRNSInterim Results
31st Jan 20127:00 amRNSTotal Voting Rights
5th Jan 201212:30 pmRNSInvestment in Pressfit Holdings Plc
14th Oct 20112:26 pmRNSRepayment of Shenzhen Cadro Loan
30th Sep 20117:00 amRNSTotal Voting Rights
7th Sep 20117:01 amRNSInvestment in Pressfit Holdings Plc
7th Sep 20117:00 amRNSIssue of Equity
31st Aug 20111:20 pmPRNHalf-yearly Report
31st Aug 20117:00 amRNSTotal Voting Rights
24th Aug 201112:21 pmRNSResult of AGM/GM/New Investing Policy/Change Name
17th Aug 20117:00 amRNSIssue of Equity
9th Aug 20117:00 amRNSInvestment in Farm Lands of Guinea Inc
2nd Aug 20117:00 amRNSFinal Results
2nd Aug 20117:00 amRNSInvesting Policy, Notice of AGM and Notice of GM
4th Jul 20113:38 pmRNSHolding(s) in Company
29th Jun 201112:44 pmRNSInvestment in Mongolia Growth Group Ltd
28th Jun 20117:00 amRNSIssue of Equity, Board Changes & Change of Adviser
27th Apr 20114:54 pmPRNAnnual Financial Report
21st Apr 201112:25 pmRNSHolding(s) in Company
16th Mar 201110:41 amRNSInvestment Update & Appointment of Executive Dir.
25th Feb 201110:00 amRNSInterim Results
25th Jan 20112:08 pmRNSHolding(s) in Company
19th Jan 20119:37 amRNSHolding(s) in Company
31st Dec 20107:00 amRNSTotal Voting Rights
15th Dec 20102:32 pmRNSDirectorate Change
10th Dec 20109:06 amRNSIssue of Equity
9th Dec 20101:04 pmRNSResult of AGM & Restoration of Trading
12th Nov 20105:11 pmRNSAnnual Report and Accounts and Notice of AGM
8th Nov 20107:00 amRNSInvestment
3rd Nov 20107:00 amRNSNominated adviser and broker change of name
2nd Nov 20105:08 pmRNSInvestment
27th Oct 20104:18 pmRNSInvestment
13th Oct 201012:15 pmRNSLoan Facility
1st Sep 201011:22 amPRNHalf-yearly Report
8th Jul 201012:22 pmRNSIssue of Equity - Replacement
8th Jul 20107:05 amRNSIssue of Equity
8th Jul 20107:00 amRNSHolding(s) in Company
3rd Jun 20108:14 amRNSDirector's Details
4th May 20107:00 amRNSSuspension - AIM Investments plc
30th Apr 20104:05 pmRNSSuspension of Trading
15th Apr 20107:00 amRNSChange of Adviser
15th Apr 20107:00 amRNSRestoration - AIM Investments plc
12th Mar 20107:00 amRNSResignation of Nomad
12th Mar 20107:00 amRNSSuspension - AIM Investments plc
11th Mar 20104:16 pmRNSHolding(s) in Company
11th Mar 20104:15 pmRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.