Publication of Circular and EGM Notice

RNS Number : 8140P

Athol Gold Limited

07 October 2011

 



FOR IMMEDIATE RELEASE                                                    07 October 2011

ATHOL GOLD LIMITED

("Athol Gold" or the "Company")

Publication of Circular and EGM Notice

Athol has today published and sent to shareholders a circular (the "Circular") in connection with the proposed change to the investing policy ("Investing Policy") and proposed change of name to Athol Gold and Value Limited.

The Company's proposed new Investing Policy is to acquire shares traded in London on the LSE, AIM or PLUS and on the TSX and ASX by participation in public offerings or via secondary markets. The aim of Athol is to be a passive investor and it will not be seeking to gain control of any company merely to buy shares which it considers to be fundamentally undervalued and offer scope for material returns within 5 years.  There will be no geographic, sectoral or company specific concentration restrictions or limit on the number of investments made. The key strategy is medium/long term only ungeared, value investing with an objective of continuing to deliver market beating growth in its Net Asset Value per share.

The Company's prime focus for cash investments will be to continue to acquire holdings in natural resources, with a particular focus on precious metals such as gold and silver while the value inherent in precious metals is as clear cut as it is at present, which the Directors believe are undervalued and where one or more such transactions have the potential to create value for Shareholders.

The Company will also seek to acquire investments or investment portfolios from investing companies or other sources or in the secondary market which the Directors believe are undervalued and where one or more such transactions have the potential to create value for Shareholders. Such acquisitions will be purchased primarily through the issue of new Ordinary Shares to the vendors of such investments or investment portfolios.

Returns to shareholders are expected to be by way of growth in the value of the Company's shares. It is the Board's current intention to hold investments for the long term.

The Company will continue to publish a quarterly update on its NAV.

The change to the Investing Policy is subject to shareholders' approval under the AIM Rules for Companies. The Circular therefore contains notice of a general meeting of the Company to be held at 11.30 a.m. on 25 October 2011.

A copy of the Circular will shortly be available on the Company's website at www.atholgold.com.

For further information please call:

Athol Gold Limited
Jennifer Allsop	[phone]
T1ps Investment Management (IoM) Ltd
Tom Winnifrith	[phone]
Libertas Capital
Sandy Jamieson	0207 569 9650
Bishopsgate Communications
Laura Stevens / Giang Nguyen	0207 562 3350

 

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