Further Investments

4 Jun 2007 07:00

St Peter Port Capital Limited04 June 2007 For immediate release 4 June 2007 St Peter Port Capital Limited Further Investments St Peter Port Capital Limited ("the Company") is pleased to announce that it hascompleted four further pre-IPO investments totaling approximately £8 million: • a Cdn$8 million subscription for common stock and warrants in Petaquilla Copper Ltd ("Petaquilla"); • a £2 million subscription for ordinary shares in Emerald Bio-Energy Limited ("Emerald"); • a US$2.7 million acquisition of ordinary shares in Buried Hill Energy (Cyprus) Public Limited Company ("Buried Hill") with a further US$850,000 conditional subscription for ordinary shares in Buried Hill; and • a £500,000 subscription for ordinary shares in Nviro Cleantech Limited ("Nviro"). Petaquilla is a Vancouver based exploration company developing the MineraPetaquilla copper/gold deposit in Cocle Province, east central Panama, in jointventure with Teck Cominco Limited and the Inmet Mining Corporation. Emerald is investing in businesses in North America which utilise waste fromsawmills to produce wood pellets for retail and industrial fuel. Buried Hill is an international oil and gas exploration company focused on WestAfrica and Central Asia which has entered into two petroleum exploration,production and development licences with the Government of The Gambia andexpects to enter into a production sharing agreement with the Government ofTurkmenistan. Nviro is a leader in commercialising "clean" technologies, building them fromthe innovation stage to industrial scale, creating shareholder value in parallelwith environmental benefits. The Company understands that each of these four companies is planning to floatwithin the next 12 months. Tim Childs, Chief Executive Officer of St Peter Port Capital Limited, said: "We are pleased to have made these further pre-IPO investments which mean thatwe have invested 17.3% of our funds in pre-IPO investments within two months oflaunch." For further information: St Peter Port Capital LimitedTim Childs - 020 7877 5064 / Graham Shore - 020 7408 4090 Citigate Dewe Rogerson Fiona Mulcahy / Sarah Gestetner - 020 7638 9571 Deloitte & Touche LLPJonathan Hinton / James Lewis - 020 7936 3000 Shore Capital Stockbrockers LimitedDru Danford - 020 7408 4090 This information is provided by RNS The company news service from the London Stock Exchange