Placing and appointment of CIO


 

TIDMHRE 
 
RNS Number : 9787U 
Hameldon Resources Limited 
26 October 2010 
 

 
                           HAMELDON RESOURCES LIMITED 
 
  PRIVATE PLACEMENT AND APPOINTMENT OF TOM WINNIFRITH OF SF T1PS GOLD FUND AS 
                            CHIEF INVESTMENT OFFICER 
 
26 October 2010 
 
The Board of Directors of Hameldon Resources Limited ("HRE" or the "Company") is 
pleased to announce that the Company has raised GBP500,000 by way of a placing 
of new ordinary shares in the Company and the issue of convertible loan notes. 
 
The Company has also appointed Tom Winnifrith, manager of the SF t1ps Smaller 
Companies Gold Fund, as its Chief Investment Officer ("CIO") with a mandate to 
invest in the shares of principally gold and precious metal companies quoted on 
stock exchanges in the UK, Canada and Australia. 
 
Mr Winnifrith will receive no fee for his services but his employer, t1ps 
Investment Management (IoM) Limited ("TIM") will receive a fee equivalent to 25% 
of the increase in the net asset value ("NAV") of the Company payable in shares 
at the NAV each quarter. 
 
The Company intends shortly to convene an extraordinary general meeting to 
approve resolutions including the change in the Company's name to Athol Au 
Limited to reflect its new focus and also the increase in the Company's 
authorities to issue shares in order to enable conversion of the convertible 
loan notes. 
 
Stephen Smith, HRE Chairman commented "The involvement of new investors 
including Jim Mellon and Malcolm Burne and the recruitment of Tom Winnifrith to 
secure attractive investments in gold, precious metals and other natural 
resources is very welcome. We expect to make our first investments shortly and 
investors will be updated on progress as appropriate." 
 
Transaction highlights 
 
Placing of 27.5 million new Shares 
 
The Company has placed 27,480,000 new ordinary shares of 0.25p each ("Placing 
Shares") with new investors at a price of 0.25p per share to raise GBP68,700 
before expenses. The placing price represents a 37% premium to the current cash 
per share of approximately 0.18p. The Placing Shares will rank pari passu with 
the existing ordinary shares of 0.25p each in the Company. Application has been 
made for admission of the Placing Shares to trading on AIM. Admission is 
expected to occur on 1st November 2010. 
 
Issuance of convertible loan notes 
 
Additionally, HRE has issued 431,643 convertible loan notes of GBP1. The notes 
are zero coupon, unsecured and repayable in three years or convertible into new 
ordinary shares on the basis of 400 new shares per convertible loan note, 
equivalent to a price of 0.25p per share. 
 
EGM 
 
In order to increase the Company's share capital and authorise the Directors to 
allot the shares pursuant to conversion of the convertible loan notes, the 
Company intends to convene an EGM at which appropriate resolutions will be put 
to shareholders for approval. At this EGM, Shareholders will also be asked to 
approve a change the Company's name to Athol Au Limited. 
 
MoU with t1ps Investment Management (IOM) 
 
The investment of GBP500,000 announced today enables Hameldon to implement and 
accelerate its investment strategy to seek investment opportunities in the 
natural resources sector in order to maximize value for shareholders as approved 
at an EGM of the Company held on 26 October 2009. 
 
In return for the strategic investment, TIM, also the employer of the new CIO 
will receive at the end of every 3 months such number of new ordinary shares in 
the capital of the Company equivalent to 25% of any increase of the adjusted net 
asset value of the Company over each quarterly period subject to a 
high-watermark. It will not receive shares in respect of the percentage of the 
equity held by funds managed by TIM. 
 
Total Voting Rights as a result of the Placing 
 
Following the issue of the Placing Shares, there will be 164,881,194 shares in 
issue. The number of ordinary shares quoted above may be used by shareholders in 
the Company as the denominator for the calculations by which they will determine 
if they are required to notify their interest in, or a change in their interest 
in, the share capital of the Company. 
 
 
For further details, please contact: 
 
Hameldon Resources Limited 
Waseem Shiraz 
+44 207 399 4380 
 
Tom Winnifrith 
 +44 1624 676848 
 
Strand Hanson Limited 
James Harris / Angela Peace 
+44 207 409 3494 
 
Bishopsgate Communications 
Nick Rome 
 +44 207 562 3350 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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Hameldon Res (LSE:HRE)
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