AMED Amedeo Res

TIDMCRO

RNS Number : 1754U

Creon Resources PLC

19 December 2011

For immediate release: 0700hrs, 19 December 2011

Creon Resources plc

("Creon", "the Company" or "the Group")

Name Change Effective

Pursuant to the announcement made on 16 December 2011, the Company is pleased to announce that the change of name certificate has now been processed and that the Company will begin trading under its new name of Creon Resources plc (Ticker: CRO.L, ISIN: GB00B02TDY97) with effect from 07:30 a.m. today, 19 December 2011.

Further information please contact:

 
 Creon Resources plc 
 Guus Berting, Non-Executive       Tel: + 44 (0) 7833 461 142 
  Director 
 
 Daniel Stewart & Company plc 
 Noelle Greenaway/James Felix      Tel: + 44 (0) 20 7776 6550 
 
 GTH Communications Limited 
 Toby Hall/Suzanne Johnson-Walsh   Tel: + 44 (0) 20 3103 3900 
 

Note to Editors:

It is proposed that the Company's Investment Policy will be 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 either an active investor and acquire control of a single company or it may acquire non-controlling shareholdings.

The proposed investments to be 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 a proposed investment 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 proposes to 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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