Business
Acquisition and Issue of Equity
Acquisition and Issue of Equity.
About this update from Mineral And Financial Investments Ltd
[{"type":"text","content":"\n \nRNS Number : 8283X Athol Gold and Value Limited 21 February 2012 \n \n\nAthol Gold and Value Limited\n \n(\"Athol\" or the \"Company\")\n \nAcquisition and Issue of Equity\n \nThe Board of Athol is pleased to announce that it has issued 207,622,728 new shares in Athol (\"New Athol Shares\") at 0.33p (the Net Asset Value per share as at 4.30 PM on 16 February 2012) as consideration for the acquisition of a portfolio of listed investments and loan convertible notes from PLUS listed Agneash Soft Commodities plc with a value of £685,155 as at 16 February 2012 (the \"Portfolio\"). \n \n \nThe Portfolio\n \n\n\n\n\nCompany\n\n\nExchange\n \n\n\nInvestment Held\n\n\nValue as at 16 February 2012 (£)\n\n\n\n\nSilvermere Energy Plc\n\n\nAIM\n\n\nConvertible loan notes\n\n\n330,000 \n\n\n\n\nNexus Management Plc\n\n\nAIM\n\n\nOrdinary Shares\n\n\n8,775\n\n\n\n\nChapel Down Group Plc\n\n\nPLUS\n\n\nOrdinary Shares\n\n\n153,255\n\n\n\n\nAlpha Prospects Plc\n\n\nPLUS\n\n\nOrdinary Shares\n\n\n150,000\n\n\n\n\nEarly Equity Plc\n\n\nPLUS\n\n\nOrdinary Shares\n\n\n43,125\n\n\n\n\n \n \nApplication has been made for the 207,622,728 New Athol Shares to be admitted to AIM, which is expected to take place on 27 February 2012. The New Athol Shares will, when issued, rank pari passu with the existing ordinary shares in issue.\n\nFollowing this transaction, there will be 1,138,140,737 ordinary shares in issue and, on a fully diluted basis, 1,300,744,914 outstanding.\n \nAthol Gold & Value chairman Jennifer Allsop stated:\n\n\"This latest deal increases our funds under management materially. We continue to explore other ways to increase our asset backing via the paper funded purchase of assets. We are delighted that Agneash's board has accepted Athol paper at NAV rather than at a share price which fails to reflect the value of our portfolio.\"\n\nWe will be seeking to adjust our portfolio over the coming weeks in light of the recent Ronaldsway deal and today's purchase. Our focus remains on value and especially on gold stocks. We will give a formal investor update with the publication of calendar 2011 results in April.\"\nFor further information please call:\n\n\n\n\n\n\n\n\n\n\n\n\nAthol Gold and Value Limited\n\n\n\n\n\n\n\nJennifer Allsop\n\n\n+44 7788 541 744\n\n\n\n\n\n\n\...