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Pin to quick picksGrit Inv Tst Regulatory News (GRIT)

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Global Resources is an Investment Trust

To generate medium and long-term capital growth through investing in a diverse portfolio of companies which focus on natural resources and mining, primarily listed/quoted on a relevant exchange.

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Company Update

13 Aug 2018 16:31

RNS Number : 6580X
Global Resources Investment Tst PLC
13 August 2018
 

To: RNS

From: Global Resources Investment Trust plc ("GRIT")

Date: 13 August 2018

LEI: 2138005OJKGWG3X4SY51

 

 

Company UpdateThe Board of Directors of GRIT (the "Board") announces that on Friday 10 August 2018 it was notified that Tygola Pty Ltd ("Tygola") had purportedly appointed receivers over certain of the assets of GRIT in connection with expenses of US$250,691.25 and £11,842.34 that Tygola is claiming are due to it from GRIT in connection with the guarantee by GRIT of a US$ 500,000 loan by Tygola to Anglo -African Minerals plc ("Loan").The Loan, together with interest and some agreed expenses have already been paid.GRIT has been advised by its solicitors that the purported appointment by Tygola of receivers over the assets of GRIT is invalid.

 

All Enquiries:

 

David ("Sam") Hutchins

Executive Director

020 3915 5627 and 07775 991 766

 

 

Martin A Cassels

Maitland Administration Services (Scotland) Limited

Company Secretary and Administrator

0131 550 3760

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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