14 Feb 2014 16:19
Armstrong Ventures Plc
("Armstrong" or the "Company")
Update re Cash Reserves
Further to the announcement made on 15 November 2013, the Board of Armstrong announces that two cheques tendered to settle the remaining £50,000 of the £500,000 deposit due from Mr Yoram Yossifoff were not honoured. Mr Yossifoff was ordered to pay £3,000 on account of costs by 28 November, which he has not done. Armstrong intends to initiate legal proceedings to recover the outstanding amount of £53,000 together with interest and associated costs.
For further information, please contact:
Armstrong Ventures Plc | |
Manish Kotecha | Tel: +44 116 2424012 |
| |
Nomad | |
Cairn Financial Advisers LLP | |
Sandy Jamieson | Tel: +44 207 148 7900 |
Broker Peterhouse Corporate Finance Limited | |
Jon Levinson/Lucy Williams | Tel: +44 207 469 3393 |