Share Price Movement (3734U)
20 Dicembre 2011 - 6:17PM
UK Regulatory
TIDMCRO
RNS Number : 3734U
Creon Resources PLC
20 December 2011
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 3900
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 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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