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Investment update

5 Feb 2019 14:22

RNS Number : 1531P
RiverFort Global Opportunities PLC
05 February 2019
 

 

 5 February 2018

RiverFort Global Opportunities plc

("RGO" or the "Company")

Investment update

Since the Company's investment update on 14 December 2018, the Company has continued to be active in deploying its investment capital. In particular, the Company is pleased to announce that it has just invested £1.2 million, principally in the secured non-convertible financing facility arranged by Jubilee Metals Group plc in connection with its acquisition of certain chrome processing operations as announced by the company on 10 December 2018.

Jubilee Metals Group plc is listed on AIM with a market capitalisation of around £32 million and is focused on the production of commodities from mine surface waste materials. It is involved in the processing of three surface platinum-bearing tailings to recover platinum group elements and chromite in South Africa. It is also pursuing opportunities in Zambia involving the recovery of lead, zinc and vanadium. Furthermore, it has the mining rights for a primary platinum project in the eastern Bushveld. Further information on the company is available at jubileemetalsgroup.com.

In addition, the Company has recently participated, via RiverFort Global Opportunities PCC Limited, in a loan facility for Angus Energy plc (an AIM-listed oil and gas company - market capitalisation £23 million) previously announced by the company on 10 January 2019 and in a senior secured loan note for an ASX-listed mining company.

This recent investment activity has increased the total capital invested in RiverFort-arranged opportunities to around £5 million. Consequently, the percentage of the Company's investment portfolio that comprises income generating RiverFort-arranged investments continues to increase and now represents a significant part of the Company's net asset value.

Phillip Haydn-Slater, Non-executive Chairman commented:

"We continue to be active in deploying new capital in attractive income generating opportunities. We expect the demand for our investment funds to increase given the uncertain markets that we are in today."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For more information please contact:

RiverFort Global Opportunities plc

+44 20 7580 7576

Phillip Haydn-Slater, Non-executive Chairman

Nominated Adviser

+44 20 7628 3396

Beaumont Cornish

Roland Cornish/Felicity Geidt

Joint Broker

+44 20 7186 9950

Shard Capital Partners LLP

Damon Heath/ Erik Woolgar

Joint Broker

+44 20 7562 3351

Peterhouse Corporate Finance

Lucy Williams

 

 

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