ARCL Altus Res.

 

TIDMARCL 
 
RNS Number : 4329E 
Altus Resource Capital Limited 
21 December 2009 
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO 
AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OF AMERICA OR TO US PERSONS 
 
 
ALTUS RESOURCE CAPITAL LIMITED 
21 December 2009 
 
 
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 the Placing of new Shares with an aggregate value of 
approximately GBP14.66 million. 
 
 
Under the structure of the Placing, all valid applications for Shares received 
under the Placing Agreement will be accepted in full. Accordingly, 10,997,233 
Shares will be issued pursuant to the Placing, at a price of 133.37p per Share. 
 
 
As a result of the Placing, the Company will have aggregate net assets of 
approximately GBP47.22 million. Application has been made for the new Shares to 
be admitted to trading on the London Stock Exchange's Specialist Fund Market. 
Application has also been made for the new Shares to be listed and admitted to 
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 21 December 2009 and on the Channel Islands Stock 
Exchange at 8.00 a.m. on Tuesday 22 December 2009. 
 
 
Nimrod Capital LLP acted as Placing Agent to the Company. 
 
 
Capitalised terms which are not defined in this announcement are defined in the 
prospectus published on 9 December 2009. 
 
 
Investor Information 
The latest available information on the Company can be accessed via its website 
at: www.altrescap.com. 
 
 
By order of the Board 
Altus Resource Capital Limited 
 
 
Administrative Enquiries: Shareholder Enquiries: 
Anson Fund Managers Limited 
  Nimrod Capital LLP 
Tel: +44 (0) 1481 722260 
       Tel: +44 (0) 20 3355 6855 
DISCLAIMER 
THIS ANNOUNCEMENT HAS BEEN ISSUED BY, AND IS THE SOLE RESPONSIBILITY OF ALTUS 
RESOURCE CAPITAL LIMITED (THE "COMPANY"). 
 
 
THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS AND IS NOT AN OFFER 
TO SELL OR SOLICITATION OF ANY OFFER TO BUY ANY SECURITIES IN THE UNITED STATES 
OR IN ANY OTHER JURISDICTION. 
 
 
THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM PART OF AN OFFER TO SELL, 
PURCHASE, EXCHANGE OR SUBSCRIBE FOR ANY SECURITIES OR SOLICITATION OF SUCH AN 
OFFER IN THE UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION. THE COMPANY HAS 
NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES INVESTMENT COMPANY 
ACT OF 1940, AS AMENDED. THE SECURITIES REFERRED TO IN THIS ANNOUNCEMENT HAVE 
NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT 1933, 
AS AMENDED, AND WILL NOT BE OFFERED OR SOLD OR OTHERWISE TRANSFERRED WITHIN THE 
UNITES STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF US PERSONS (AS DEFINED IN 
REGULATIONS OF THE SECURITIES ACT OF 1933 AS AMENDED) EXCEPT IN ACCORDANCE WITH 
THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR AN EXEMPTION THEREFROM 
AND UNDER THE CIRCUMSTANCES WHICH WILL NOT REQUIRE THE COMPANY TO REGISTER UNDER 
THE UNITED STATES INVESTMENT ACT OF 1940, AS AMENDED. 
 
 
ANY OFFERING WILL ONLY BE MADE IN ANY JURISDICTION IN COMPLIANCE WITH LOCAL 
LAWS. IN THE UNITED KINGDOM, THIS ANNOUNCEMENT IS DIRECTED ONLY AT PERSONS (I) 
WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS FALLING 
WITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL 
PROMOTION) ORDER 2005, AS AMENDED (THE "ORDER") OR WHO FALL WITHIN ARTICLE 49(2) 
(A) TO (D) OF THE ORDER, OR (II) TO WHOM IT MAY OTHERWISE LAWFULLY BE 
COMMUNICATED (ALL SUCH PERSONS BEING REFERRED TO "RELEVANT PERSONS"). 
 
 
THE RELEASE, PUBLICATION OR DISTRIBUTION OF THIS ANNOUNCEMENT INTO CERTAIN 
JURISDICTIONS OTHER THAN THE UK MAY BE RESTRICTED BY LAW AND THEREFORE PERSONS 
IN SUCH JURISDICTIONS INTO WHICH THIS ANNOUNCEMENT IS RELEASED, PUBLISHED OR 
DISTRIBUTED SHOULD INFORM THEMSELVES ABOUT AND OBSERVE ANY SUCH RESTRICTIONS. NO 
ACTION HAS BEEN TAKEN BY THE COMPANY OR NIMROD CAPITAL LLP THAT WOULD PERMIT AN 
OFFERING OF SUCH SHARES OR POSSESSION OR DISTRIBUTION OF THIS ANNOUNCEMENT OR 
ANY OTHER OFFERING OR PUBLICITY MATERIAL RELATING TO SUCH SHARES IN ANY 
JURISDICTION WHERE ACTION FOR THAT PURPOSE IS REQUIRED. ANY FAILURE TO COMPLY 
WITH ANY SUCH RESTRICTIONS MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OR 
REGULATION OF SUCH JURISDICTIONS. 
 
 
THIS ANNOUNCEMENT INCLUDES FORWARD-LOOKING STATEMENTS THAT ARE PREDICTIONS OF OR 
INDICATE FUTURE EVENTS AND FUTURE TRENDS. THESE FORWARD-LOOKING STATEMENTS 
INCLUDE ALL MATTERS THAT ARE NOT HISTORICAL FACTS. UNDUE RELIANCE SHOULD NOT BE 
PLACED ON FORWARD-LOOKING STATEMENTS BECAUSE THEY INVOLVE KNOWN AND UNKNOWN 
RISKS, UNCERTAINTIES AND OTHER FACTORS THAT ARE IN MANY CASES BEYOND THE 
COMPANY'S CONTROL. BY THEIR NATURE, FORWARD-LOOKING STATEMENTS INVOLVE RISKS AND 
UNCERTAINTIES BECAUSE THEY RELATE TO EVENTS AND DEPEND ON CIRCUMSTANCES THAT MAY 
OR MAY NOT OCCUR IN THE FUTURE. 
 
 
FORWARD-LOOKING STATEMENTS ARE NOT GUARANTEES OF FUTURE PERFORMANCE, AND THE 
COMPANY'S ACTUAL RESULTS OF OPERATIONS, FINANCIAL CONDITION AND LIQUIDITY, AND 
THE DEVELOPMENT OF THE INDUSTRY IN WHICH IT OPERATES MAY DIFFER MATERIALLY FROM 
THOSE MADE IN OR SUGGESTED BY THE FORWARD-LOOKING STATEMENTS CONTAINED IN THIS 
ANNOUNCEMENT. THE CAUTIONARY STATEMENTS SET FORTH ABOVE SHOULD BE CONSIDERED IN 
CONNECTION WITH ANY SUBSEQUENT WRITTEN OR ORAL FORWARD-LOOKING STATEMENTS THAT 
THE COMPANY, OR PERSONS ACTING ON ITS BEHALF, MAY ISSUE. THESE FORWARD-LOOKING 
STATEMENTS ARE MADE AS OF THE DATE OF THIS ANNOUNCEMENT AND ARE NOT INTENDED TO 
GIVE ANY ASSURANCES AS TO FUTURE RESULTS. SAVE AS REQUIRED BY LAW OR REGULATION, 
THE COMPANY UNDERTAKES NO OBLIGATION TO UPDATE THESE FORWARD-LOOKING STATEMENTS, 
AND WILL NOT PUBLICLY RELEASE ANY REVISIONS IT MAY MAKE TO THESE FORWARD-LOOKING 
STATEMENTS THAT MAY RESULT FROM EVENTS OR CIRCUMSTANCES ARISING AFTER THE DATE 
OF THIS ANNOUNCEMENT. 
 
 
NIMROD CAPITAL LLP, WHICH IS AUTHORISED AND REGULATED IN THE UNITED KINGDOM BY 
THE FINANCIAL SERVICES AUTHORITY, IS ACTING FOR THE COMPANY AND FOR NO ONE ELSE 
IN CONNECTION WITH THE MATTERS REFERRED TO IN THIS ANNOUNCEMENT AND WILL NOT BE 
RESPONSIBLE TO ANYONE OTHER THAN THE COMPANY FOR PROVIDING THE PROTECTIONS 
AFFORDED TO CLIENTS OF NIMROD CAPITAL LLP OR FOR AFFORDING ADVICE IN RELATION TO 
THE CONTENTS OF THIS ANNOUNCEMENT OR ON ANY MATTERS REFERRED TO HEREIN. 
 
 
THIS ANNOUNCEMENT IS NOT FOR DISTRIBUTION DIRECTLY OR INDIRECTLY IN OR INTO THE 
UNITED STATES, CANADA, AUSTRALIA OR JAPAN. NO PUBLIC OFFERING OF SECURITIES WILL 
BE MADE IN THE UNITED STATES, CANADA, AUSTRALIA, OR JAPAN. 
 
 
THIS ANNOUNCEMENT IS ONLY ADDRESSED TO AND DIRECTED AT PERSONS IN MEMBER STATES 
OF THE EUROPEAN ECONOMIC AREA WHO ARE "QUALIFIED INVESTORS" ("QUALIFIED 
INVESTORS") WITHIN THE MEANING OF ARTICLE 2(1)(E) OF THE EU PROSPECTUS DIRECTIVE 
(DIRECTIVE 2003/71/EC) (THE "PROSPECTUS DIRECTIVE"). ANY PERSON IN THE EEA WHO 
ACQUIRES ANY SECURITIES IN THE PLACING OR TO WHOM ANY OFFER OF SECURITIES IS 
MADE WILL BE DEEMED TO HAVE ACKNOWLEDGED AND AGREED THAT THEY ARE SUCH A 
QUALIFIED INVESTOR. 
 
 
IN THE CASE OF ANY SECURITIES ACQUIRED BY A FINANCIAL INTERMEDIARY AS THAT TERM 
IS USED IN ARTICLE 3(2) OF THE PROSPECTUS DIRECTIVE, SUCH FINANCIAL INTERMEDIARY 
WILL ALSO BE DEEMED TO HAVE REPRESENTED AND WARRANTED THAT THE SECURITIES 
ACQUIRED BY IT IN THE PLACING HAVE NOT BEEN ACQUIRED ON A NON-DISCRETIONARY 
BASIS ON BEHALF OF, NOR HAVE THEY HAVE BEEN ACQUIRED WITH A VIEW TO THEIR OFFER 
OR RESALE TO, PERSONS IN CIRCUMSTANCES WHICH MAY GIVE RISE TO AN OFFER OF 
SECURITIES TO THE PUBLIC OTHER THAN AN OFFER OR RESALE IN A MEMBER STATE OF THE 
EEA WHICH HAS IMPLEMENTED THE PROSPECTUS DIRECTIVE TO QUALIFIED INVESTORS OR IN 
CIRCUMSTANCES IN WHICH THE PRIOR CONSENT OF NIMROD CAPIAL LLP HAS BEEN GIVEN TO 
EACH SUCH PROPOSED OFFER OR RESALE. 
 
 
THIS ANNOUNCEMENT HAS BEEN ISSUED BY AND IS THE SOLE RESPONSIBILITY OF THE 
COMPANY. NO REPRESENTATION OR WARRANTY EXPRESS OR IMPLIED, IS OR WILL BE MADE AS 
TO, AND NO RESPONSIBILITY OR LIABILITY IS OR WILL BE ACCEPTED BY NIMROD CAPITAL 
LLP OR BY ANY OF ITS AFFILIATES OR AGENTS AS TO OR IN RELATION TO, THE ACCURACY 
OR COMPLETENESS OF THIS ANNOUNCEMENT OR ANY OTHER WRITTEN OR ORAL INFORMATION 
MADE AVAILABLE TO OR PUBLICLY AVAILABLE TO ANY INTERESTED PARTY OR ITS ADVISERS, 
AND ANY LIABILITY THEREFORE IS EXPRESSLY DISCLAIMED. 
 
 
E&OE - In Transmission 
END OF ANNOUNCEMENT 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 IOEVVLFFKLBXFBK 
 

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