SPPC.L Regulatory News (SPPC)

7 Sep 2007 11:07

St Peter Port Capital Limited07 September 2007 For immediate release 7 September 2007 St Peter Port Capital Limited Further Investments St Peter Port Capital Limited ("the Company") is pleased to announce that it hascompleted five further pre-IPO investments totalling approximately £9.8 millionsince the last announcement on 25 July 2007. The Company has now investedapproximately £33 million in pre-IPO deals since its launch four months ago. • a US$7.5 million subscription for common shares in Rock Well Petroleum Inc. ("Rock Well"); • a £2.5 million subscription for ordinary shares in Ilika Technologies Limited ("Ilika"); • a US$3.7 million subscription for ordinary shares in Develica Asia Pacific Limited ("Develica"); • a Cdn$2.1 million subscription for common shares and warrants in Quetzal Energy Inc. ("Quetzal"); and • a US$1.5 million subscription for special warrants (convertible into common stock and warrants) in Empire Minerals Corp. ("Empire"). Rock Well is a rapidly-growing independent Canadian oil and gas productioncompany which uses a gravity drainage technique to extract oil at low cost fromreservoirs that have become sub-economic for conventional extraction. Ilika is a company spun out of the University of Southampton which specialisesin the development and application of high throughput, combinatorial R&Dtechniques for the discovery of new materials. Develica is a recently incorporated Guernsey company established to takeadvantage of opportunities in the prime commercial real estate market inSingapore in particular, and in the Asia Pacific region in general. Quetzal is a Canadian company with interests in petroleum producing assets inGuatemala. Empire is a United States based copper and gold exploration and developmentcompany focused on its Cerro Chorcha Copper Project in Panama and its gold andcopper/gold ventures in China. The Company understands that each of these five companies is planning to floatwithin the next 12 months. Tim Childs, Chief Executive Officer of St Peter Port Investment ManagementLimited, said: "We are pleased to have made these further pre-IPO investments which mean thatwe have invested approximately £33 million (over 44% of our funds) in pre-IPOinvestments within four months of launch. Our immediate pipeline remains strong." For further information: St Peter Port Capital Limited Peter Griffin - 01481 751000 St Peter Port Investment Management Limited Tim Childs - 020 7877 5064 / Graham Shore - 020 7408 4090 Citigate Dewe Rogerson Fiona Mulcahy / Sarah Gestetner - 020 7638 9571 Deloitte & Touche LLP - Nominated Adviser Jonathan Hinton / James Lewis - 020 7936 3000 Shore Capital Stockbrokers Limited - Broker Dru Danford - 020 7408 4090 This information is provided by RNS The company news service from the London Stock Exchange