10 Nov 2011 16:01
10 November 2011
WOODBURNE SQUARE AG PLC
("Woodburne Square" or the "Company")
NAV UPDATE
The Board of Woodburne Square, the silver and precious metals focused investment company, announces that its Net Asset Value per Share fell slightly from 2.77p to 2.70p during the four months ended 07 November 2011.
Woodburne Square is focused upon investments within high quality silver companies listed on the TSX, AMEX and, together with some special situations in gold and the UK market.
Woodburne Square will next release its NAV as at 07 February 2012.
Comment:
Martin Kiersnowski, Chairman of the Company, commented: "In global terms a relatively small negative adjustment in NAV over the period is reassuring during a volatile episode in the markets. The Board continues to have confidence in the precious metals and natural resources sectors going forward and is actively evaluating diverse investment opportunities in order to optimise shareholder value. The Board is continuing to monitor the investment portfolio, which it believes has good future potential. Following the appointment of Gobind Sahney to the Board on 8 November 2011, a detailed review of our investment management and strategy is being undertaken and a further announcement will be made in due course."
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For further information please contact
Woodburne Square Ag plc
Martin Kiersnowski, Chairman
Tel: 0207 562 3350
Libertas Capital Corporate Finance Limited
Sandy Jamieson
Tel: 0207 569 9650
Rivington Street Corporate Finance
Dru Edmonstone
Tel: 020 7562 3350