Mineral & Fin Regulatory News (MAFL)

26 Sep 2006 09:41

AIM26 September 2006 ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH AIM RULE 2 ALL APPLICANTS MUST COMPLETE THE FOLLOWING: COMPANY NAME: Raven Capital Inc COMPANY ADDRESS: Walker House Mary Street PO Box 908GT George Town Grand Cayman, Cayman Islands COMPANY POSTCODE: n/a COUNTRY OF INCORPORATION: Cayman Islands COMPANY BUSINESS OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTMENT STRATEGY TO BE DISCLOSED INACCORDANCE WITH SCHEDULE 2, PARAGRAPH (J) OF THE AIM RULES: Raven's stated investment strategy at the time of its original AIM admission was to build, largely throughacquisition and joint venture transactions, a group specialising in the hedge fund sector. Since then, the Directors have explored a number of potential opportunities of that type, although none weresufficiently attractive to merit being put before Shareholders. The Company has now agreed to acquire Upstream Asia Limited, a company which provides a range of corporate andmarketing communications services to multinational corporations and Asia-based clients throughout theAsia-Pacific region, with a focus on Greater China. This will result in there being a fundamental change in thebusiness of the Company from that of an investment company specialising in the hedge fund sector to a companyproviding international corporate and marketing communications services. DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, nominal value and issue price to whichit seeks admission and the number and type to be held as treasury shares): 133,541,670 ordinary shares of 0.25p each CAPITAL TO BE RAISED ON ADMISSION: £500,000 before expenses FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS: Directors Graham Butt (Executive Director and current Chairman) Joanna Barrett (Executive Director) Proposed Directors David Ketchum (Proposed Chief Executive Officer) Jane McGuire Ketchum (Proposed Non-Executive Director) Shahed Mahmood (Proposed Non-Executive Chairman) PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITALBEFORE AND AFTER ADMISSION:Name Existing % of current Ordinary Shares % of share Ordinary issued share on Admission capital on Shares capital AdmissionDavid Ketchum 0 0 20,425,935 15.30techpacific.com (BVI) Investments 0 0 20,276,384 15.18LimitedJane McGuire Ketchum 0 0 20,079,794 15.04Jonathan Aiman Hakim 0 0 7,135,126 5.34Peter Kingsbury 0 0 4,079,049 3.05Paul Adams 0 0 4,079,049 3.05EP Singapore Pte Limited 13,300,000 29.98 13,300,000 9.96W B Nominees Limited* 12,370,556 27.88 12,370,556 9.26Pershing Keen Nominees Limited 4,956,611 11.17 4,956,611 3.71 *W B Nominees Limited holds 11,108,332 Ordinary Shares on behalf of Corvus Capital Inc. NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES: Silk Route Investments Limited 6,750,000 Ordinary Shares Codan Trust Company (Cayman) Limited P.O. Box 2681 GT Century Yard, Cricket Square Hutchins Drive, George Town Grand Cayman Cayman Islands The Ordinary Shares above will be issued in consideration of Silk Route having introduced the Company toUpstream. Penkenna Limited of Palm Grove House, PO Box 438 Road Town Tortola British Virgin Islands, will receive a fee of5 per cent of the gross placing proceeds i.e. £25k in consideration of it introducing placees to Raven. ANTICIPATED ACCOUNTING REFERENCE DATE: 30 September EXPECTED ADMISSION DATE: 16 October 2006 NAME AND ADDRESS OF NOMINATED ADVISER: Strand Partners Limited 26 Mount Row London, W1K 3SQ NAME AND ADDRESS OF BROKER: Walker Crips Stockbrokers Limited Sophia House 76/80 City Road London EC1Y 2EQ DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENTTHAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES: Fladgate Fielder 25 North Row London W1K 6D The Admission Document is also available to be inspected at www.corvus.com DATE OF NOTIFICATION: 26 September 2006 NEW/ UPDATE (see note): New This information is provided by RNS The company news service from the London Stock Exchange