Stmnt re Share Price Movement - London Stock Exchange
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Regulatory Story
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Company Creon Resources PLC
TIDM CRO
Headline Stmnt re Share Price Movement
Released 11:04 24-Jan-2012
Number 0742W11
RNS Number : 0742W Creon Resources PLC
24 January 2012
For immediate release - 24th January 2012
Creon Resources plc
("Creon", "the Company" or "the
Group")
Share Price Movement
The board of directors note today's movement in the
Company's share price and confirms that it knows of no
specific reason for this movement.
The Company will seek investment opportunities, as set out in
its investment policy, and when suitable investments are
sourced will make further announcements as appropriate.
Further information please contact:
Creon Resources plc
Director: Guus Berting Tel: + 44 (0) 7833 461 142
Daniel Stewart & Company plc
Nominated Adviser & Broker
Noelle Greenaway/James Felix Tel: + 44 (0) 20 7776 6550
gth media
Toby Hall/Suzanne Johnson- Walsh
Tel: + 44 (0) 20 3103 3901
Note to Editors:
The Company's Investment Policy is to invest principally
but not exclusively in the resources and/or resources
infrastructure sectors, with no specific national or regional
focus. The Company may be
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Stmnt re Share Price Movement - London Stock Exchange
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either an active investor and acquire control of a single
company or it may acquire non-controlling shareholdings.
Investments made by the Company may be either quoted or
unquoted; made by direct acquisition or through farm-ins; may
be in companies, partnerships, joint ventures; or direct
interests in resources projects. Target investments will
generally be involved in projects in the exploration and/or
development stage. The Company's equity interest in
investments may range from a minority position to
100 per cent. ownership.
The Company will initially focus on projects located in the
Middle East and Asia but will also consider investments in
other geographical regions.
The Company will identify and assess potential investment
targets and where it believes further investigation is
required, intends to appoint appropriately qualified advisers
to assist.
The Company will carry out a comprehensive and thorough
project review process in which all material aspects of any
potential investment will be subject to rigorous due
diligence, as appropriate. It is likely that the
Company's financial resources will be invested in a
small number of projects or potentially in just one
investment which may be deemed to be a reverse takeover under
the AIM Rules.
Where this is the case, it is intended to mitigate risk by
undertaking an appropriate due diligence process. Any
transaction constituting a reverse takeover under the AIM
Rules will require Shareholder approval. The possibility of
building a broader portfolio of investment assets has not,
however, been excluded.
The Company intends to deliver shareholder returns
principally through capital growth rather than capital
distribution via dividends. Given the nature of the
Company's Investing Policy, the Company does not intend
to make regular periodic disclosures or calculations of net
asset value.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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Regulatory
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distribué par | Ce noodl a été diffusé par Creon Resources plc et initialement mise en ligne sur le site http://www.creoncorporation.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-24 20:20:23 PM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
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