16 Apr 2013 09:36
ATHOL GOLD & VALUE LIMITED
("Athol" or the "Company")
MARKET UPDATE
Athol notes the announcement released by Silvermere Energy plc ("Silvermere") this morning, and confirms that it is in discussions with the Board of Silvermere regarding the loan outstanding from Athol to Silvermere.
A further announcement will be made in due course if and when any agreement is reached.
Separately, Athol can also confirm that the second of four agreed quarterly redemptions of units in the Webb Growth fund has now completed, under the terms of the agreement announced on 2nd October 2012, and that a portion of the realised funds has been allocated to paying down existing debt.
For further information please call:
Athol Gold and Value Limited | |
Jennifer Allsop | +44 7788 451 744 |
Libertas Capital Corporate Finance Limited | |
Sandy Jamieson
| +44 207 569 9650 |
Mineral & Fin (MAFL)