Further Investments

25 Jul 2007 07:00

St Peter Port Capital Limited25 July 2007 For immediate release 25 July 2007 St Peter Port Capital Limited Further Investments St Peter Port Capital Limited ("the Company") is pleased to announce that it hascompleted nine further pre-IPO investments totaling approximately £10 millionsince the last announcement on 4 June 2007. The Company has now investedapproximately £23 million in pre-IPO deals since its launch three months ago. • a Cdn$2.2 million subscription for common stock andwarrants in Homeland Uranium Inc. ("Homeland Uranium"); • a Cdn$2.1 million subscription for common stock andwarrants in Sharon Energy Ltd ("Sharon Energy"); • a Cdn$2.2 million subscription for common stock in CresoResources Inc. ("Creso Resources"); • a US$2 million subscription for ordinary shares in AmLibHoldings Limited ("AmLib"); • a £0.5 million subscription for ordinary shares in iQurLimited ("iQur"); • a £0.5 million subscription for ordinary shares in RiverDiamonds Plc ("River Diamonds"); • an AUS$4.56 million subscription for ordinary shares inEden Energy Limited ("Eden Energy"); • a Cdn$4 million subscription for common stock and warrantsin Enhanced Oil Resources Inc. ("Enhanced Oil"); and • a US$2 million subscription for ordinary shares in DeltaMining Corporation Pty ("Delta Mining"). Homeland Uranium is a Canadian company with interests in long-term energyproduction and development of uranium projects in Niger, southern Africa and theUnited States. Projects include a defined uranium-vanadium deposit and sixexploration projects with known deposits. Sharon Energy is an oil and gas company conducting active natural gasexploration programs in Texas and Alberta. The majority of Sharon Energy'srevenue is generated from gas production in Texas and Alberta where it alsofocuses its exploration activities. Creso Resources is an active, natural resource company with mining explorationholdings in Mexico and Guatemala, engaged in the identification and acquisitionof early stage gold and base metals properties with demonstrable potential ofhosting higher grade ore deposits. AmLib is a Jersey company established in May 2000 to explore for gold, diamondsand other natural resources in Liberia. AmLib holds one mineral developmentagreement and seven exploration licenses acquired between 2000 and 2003,covering a total surface area of 3,400 sq km (840,000 acres). iQur is a medical research company at the forefront of internationalbreakthroughs in the detection, treatment and monitoring of Hepatitis C andother liver diseases. River Diamonds is a UK based mining company with a 12.5% stake in Viso GeroInternational Inc which itself indirectly has a 94% interest in the miningrights and associated assets of the long-established Emperor Gold Mine in Fiji. Eden Energy is an Australian diversified clean energy company with interests inhydrogen production, storage and transport fuel systems, including the lowemission hythane hydrogen-methane blend. Enhanced Oil is a Houston based, enhanced oil recovery resources company whichcontrols the largest undeveloped natural helium/CO2 resource in North America.The helium has considerable industrial value, whilst the CO2 can be used toextract oil from older fields which, if reliant on other normal techniques, areclose to be depleted. Enhanced Oil is acquiring depleted oilfields wheresignificant enhanced oil recovery resources remain. Delta Mining is a South African company exploiting South Africa's large andundervalued Torbanite deposit. Torbanite is a high grade 'oil shale' thatproduces oil on heating. The Company understands that each of these nine companies is planning to floator gain a secondary listing within 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 £23 million (over 30% of our funds) in pre-IPOinvestments within three months of launch. Our immediate pipeline remainsstrong." 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 Jonathan Hinton / James Lewis - 020 7936 3000 Shore Capital Stockbrokers Limited Dru Danford - 020 7408 4090 This information is provided by RNS The company news service from the London Stock Exchange