Appointment of Joint Broker
Armadale Capital Plc
30 July 2015
Armadale Capital Plc (‘Armadale’ or ‘the Company’)
Appointment of Joint Broker
Armadale, the AIM quoted investment company focused on natural resource projects in Africa, is pleased to announce the appointment of Beaufort Securities Limited (“Beaufortâ€) as Joint Broker to the Company with immediate effect.
Peter Marks, Chairman of Armadale, said:
“We look forward to strengthening our presence within the retail investment space with the help of Beaufort as our joint Broker. With the completion of the financing of our 678,000oz flagship Mpokoto Gold Project on track and production to commence in H1 2016, producing approximately 25,000oz Au per annum over a nine year life of mine, this is an exciting time for Armadale and we look forward to the opportunities ahead.â€
**ENDS**
Enquiries:
Company
Justin Lewis, Director +44 (0) 207 233 1462
Charles Zorab, Investor Relations
Nomad and broker: finnCap Limited
Christopher Raggett/Simon Hicks +44 (0) 207 220 0500
Joint Broker: Beaufort Securities Limited
Jon Belliss +44 (0) 207 382 8300
Press relations: St Brides Partners Limited
Hugo de Salis/Charlotte Heap +44 (0) 207 236 1177
Notes
Armadale Capital Plc is focused on investing in and developing a portfolio of investments, targeting the natural resources sector in Africa. The Company, led by a team with operational experience and a strong track record in Africa, has a strategy of identifying high growth potential businesses where it can take an active role in their advancement.
Armadale owns 80% of the Mpokoto Gold Project in the Democratic Republic of Congo. Armadale is focused on proving up the resource potential of Mpokoto with a view to commencing commercial gold production.
Armadale also holds approximately a 30% interest in Mine Restoration Investments Ltd, a South African listed company, which aims to develop profitable operations within the South African mining industry through its coal processing operation in KwaZulu Natal.
In addition, Armadale has a small portfolio of listed investments which are focused on gold and copper production and exploration. The Directors continue to maintain an active acquisition strategy and will review investment opportunities that they believe have the potential to be accretive in terms of shareholder value.
More information can be found on the website www.armadalecapitalplc.com.
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