News Update as of 2nd August 2010 on result of Placing on 2nd August 2010
RESULT OF PLACING
Altus Resource Capital Limited (LSE:ARCL) (the "Company"), a Guernsey registered, closed-ended investment company, is pleased to announce that applications have been received pursuant to a placing (the "Placing") of new ordinary shares (the "Shares") with an aggregate value of approximately £3.8 million.
Under the structure of the Placing, 2,722,336 Shares will be issued at an Issue Price of 140.28p per Share. The newly issued Shares will rank pari passu with the existing Shares with the result that the Company will have 39,719,569 Shares in issue.
As a result of the Placing, the Company will have aggregate net assets of approximately £53 million. Application has been made for the new Shares to be admitted to trading on the London Stock Exchange plc's Specialist Fund Market. Application has also been made for the new Shares to be admitted to listing and trading on the Official List of the Channel Islands Stock Exchange. Trading in the Shares of the Company on the Specialist Fund Market is expected to commence at 8.00 a.m. on Monday 2 August 2010 and on the Channel Islands Stock Exchange 8.00 a.m. on Tuesday 3 August 2010.
Nimrod Capital LLP acted as Placing Agent to the Company.
ADMISSION OF NEW SHARES
Further to the announcement made by the Company earlier today in relation to the issue of 2,722,336 new ordinary shares (the "Shares"), the Shares will now be admitted to trading at 08:00 hours tomorrow morning.
Investor Information
The latest available information on the Company can be accessed via www.altrescap.com
For further information please contact Placing Agent: Marc Gordon or Richard Bolchover
Administrative Enquiries: Shareholder Enquiries:
Anson Fund Managers Limited Nimrod Capital LLP
Tel: +44(0)1481 722260 Tel: +44(0)20 3355 6855
Altus Resource Capital Disclaimer
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