RGO Riverfort Global Opportunities Plc

TIDMRGO

RNS Number : 1531P

RiverFort Global Opportunities PLC

05 February 2019

5 February 2018

RiverFort Global Opportunities plc

("RGO" or the "Company")

Investment update

Since the Company's investment update on 14 December 2018, the Company has continued to be active in deploying its investment capital. In particular, the Company is pleased to announce that it has just invested GBP1.2 million, principally in the secured non-convertible financing facility arranged by Jubilee Metals Group plc in connection with its acquisition of certain chrome processing operations as announced by the company on 10 December 2018.

Jubilee Metals Group plc is listed on AIM with a market capitalisation of around GBP32 million and is focused on the production of commodities from mine surface waste materials. It is involved in the processing of three surface platinum-bearing tailings to recover platinum group elements and chromite in South Africa. It is also pursuing opportunities in Zambia involving the recovery of lead, zinc and vanadium. Furthermore, it has the mining rights for a primary platinum project in the eastern Bushveld. Further information on the company is available at jubileemetalsgroup.com.

In addition, the Company has recently participated, via RiverFort Global Opportunities PCC Limited, in a loan facility for Angus Energy plc (an AIM-listed oil and gas company - market capitalisation GBP23 million) previously announced by the company on 10 January 2019 and in a senior secured loan note for an ASX-listed mining company.

This recent investment activity has increased the total capital invested in RiverFort-arranged opportunities to around GBP5 million. Consequently, the percentage of the Company's investment portfolio that comprises income generating RiverFort-arranged investments continues to increase and now represents a significant part of the Company's net asset value.

Phillip Haydn-Slater, Non-executive Chairman commented:

"We continue to be active in deploying new capital in attractive income generating opportunities. We expect the demand for our investment funds to increase given the uncertain markets that we are in today."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For more information please contact:

 
 RiverFort Global Opportunities 
  plc                               +44 20 7580 7576 
 Phillip Haydn-Slater, 
  Non-executive Chairman 
                                   ----------------- 
 
 Nominated Adviser                  +44 20 7628 3396 
                                   ----------------- 
 Beaumont Cornish 
                                   ----------------- 
 Roland Cornish/Felicity 
  Geidt 
                                   ----------------- 
 
 Joint Broker                       +44 20 7186 9950 
                                   ----------------- 
 Shard Capital Partners 
  LLP 
                                   ----------------- 
 Damon Heath/ Erik Woolgar 
                                   ----------------- 
 
 Joint Broker                       +44 20 7562 3351 
                                   ----------------- 
 Peterhouse Corporate 
  Finance 
                                   ----------------- 
 Lucy Williams 
                                   ----------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

UPDTAMITMBBMBLL

(END) Dow Jones Newswires

February 05, 2019 09:22 ET (14:22 GMT)

Riverfort Global Opportu... (LSE:RGO)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024

Riverfort Global Opportu... (LSE:RGO)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024