Net Asset Value(s)
February 08 2010 - 3:00AM
UK Regulatory
TIDMARCL
RNS Number : 7912G
Altus Resource Capital Limited
08 February 2010
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
8 February 2010
Announcement of NAV as at 29 January 2010
Overview
Altus Resource Capital Limited (LSE:ARCL) (the "Company") is a Guernsey
registered, closed-ended investment company which listed on the Specialist Fund
Market of the London Stock Exchange on 30 June 2009.
Announcement of NAV as at 29 January 2010.
The Company is pleased to announce that the unaudited net asset value per share
over the period from launch on 30 June 2009 to 29 January 2010 has risen 32.4%
to 125.78p amounting to a net asset value of GBP46,536,436.
A monthly fact sheet is posted on the Company's website www.altrescap.com.
Investment Objectives and Policy
The Company's objective is to realise capital growth from a concentrated
portfolio of junior resource equities and to generate a significant capital
return to shareholders.
The Company invests in companies engaged in the exploration, development and/or
mining of metals and minerals with a focus on companies that operate in the gold
sector. Portfolio companies will be predominantly, but not exclusively, listed
or quoted on either UK markets or other recognised stock exchanges including the
Canadian and Australian markets and typically will be capitalised at less than
GBP100 million at the time of investment.
Investor Information
The latest available information on the Company can be accessed via the website.
This document is for information purposes only. It is not, and is not intended
to be an invitation, inducement, offer, or solicitation, to deal in the shares
of the company. The price of shares in the company and the income from them may
go down as well as up and investors may not get back the full amount invested on
disposal of shares in the company. An investment in the company should be
considered only as part of a balanced portfolio of which it should not form a
disproportionate part.
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
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