Investment Update
28 10월 2010 - 6:31PM
UK Regulatory
TIDMHRE
RNS Number : 1553V
Hameldon Resources Limited
28 October 2010
HAMELDON RESOURCES LIMITED
Investment Update
On 26 October 2010, the Board of Directors of Hameldon Resources Limited ("HRE"
or the "Company") announced that the Company had raised GBP500,000 by way of a
placing of new ordinary shares in the Company and the issue of convertible loan
notes.
These funds have now been used to fulfil the Company's investment strategy,
approved at an EGM on 26 October 2009, to invest in the natural resources
sector.
In accordance with its investing policy the Company has acquired minority
positions, ranging from stakes of 0.01 to 0.3%, in a total of ten gold and
precious metal companies, eight of which are quoted on the London Stock Exchange
and two of which on the TSX. The individual stakes taken range from GBP30,000 to
GBP43,000 and the total consideration of approximately GBP400,000 has been fully
satisfied in cash.
The companies invested in range from exploration and development companies
focused on gold and other metals projects to producing gold mines with
operations located across regions in Africa, Asia-Pacific, Europe and the FSU.
The Company continues to evaluate various new opportunities, which would meet
its investment criteria, with a particular focus on gold and precious metals.
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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