Two Shields Investments PLC Completion of Transaction with ABM (4598Z)
September 03 2018 - 2:00AM
UK Regulatory
TIDMTSI
RNS Number : 4598Z
Two Shields Investments PLC
03 September 2018
Two Shields Investments Plc / EPIC: TSI / Market: AIM
3 September 2018
Two Shields Investments Plc ("Two Shields" or the "Company")
Completion of Transaction with African Battery Metals plc
Two Shields, the AIM-quoted investing company, is pleased to
announce that, following the announcement on 8 August 2018, AIM
quoted African Battery Metals plc ("ABM") has completed the
acquisition of TSI's 49% share capital interest in Cobalt Blue
Holdings Inc ("CBH") and that the Company has now received
15,195,826 new ordinary shares (the "Consideration Shares")
representing 11.12% of the enlarged ABM share capital. This values
TSI's stake in ABM at GBP509,060 based on ABM's closing share price
on 28 August 2018.
ABM is an Africa focused, resource company exploring for the key
metals used in next generation batteries that fuel the new electric
vehicle revolution. Led by a management team with a proven track
record in mineral exploration and development, ABM has a rapid
development strategy in place to become a significant explorer,
developer and ultimately producer of battery metals. ABM's
portfolio of licences now includes highly prospective cobalt assets
in the Democratic Republic of Congo, cobalt-nickel exploration
assets in Cote d'Ivoire, Cobalt assets in Cameroon as well as a
gold project in Sierra Leone.
Charlie Wood, Chairman, said, "The acquisition of Cobalt Blue
Holdings by ABM provides TSI with direct listed equity exposure to
a portfolio of highly prospective cobalt and nickel assets in a
number of jurisdictions. Importantly it is run and backed by highly
experienced mining professionals with proven pedigrees in building
significant resource companies, including Roger Murphy, Stephen
Dattels and Ian Stalker.
"Elsewhere, activity is on-going across our dual-focused
investment portfolio focussed on technology related mineral
exploration and mining and digital assets, financial technologies
and other disruptive technologies primarily applicable to, or
involved in, the blockchain space. As a result, shareholders can
expect much news flow over the coming months which will include
drilling and upcoming results at our highly prospective lithium
assets, as well as progress updates from the cyber-technology arm
of our portfolio, including global cybersecurity company
Brandshield and innovative social e-commerce platform WeShop."
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.
**Ends**
For further information please visit https://twoshields.co.uk/
or contact:
Charlie Wood Two Shields Investments Plc +44 (0)207 236 1177
Spark Advisory Partners Limited
Neil Baldwin/Andrew Emmott (Nominated Adviser) +44(0)203 368 3554
Nick Emerson SI Capital Ltd (Broker) +44 (0)1483 413500
Frank Buhagiar/Gaby Jenner St Brides Partners Ltd +44 (0)207 236 1177
Notes to Editors:
Two Shields Investments Plc is an investing company, quoted on
the AIM market of the London Stock Exchange, with a strategy
focused on identifying and investing in opportunities in mineral
exploration and mining and also Digital Assets, financial
technologies and other technologies applicable to, or involved in,
the blockchain space. The Company has an experienced Board of
Directors with a proven pedigree in the acquisition, development
& sale of projects and creating value for shareholders. The
investment mandate covers unquoted and quoted businesses, as well
as direct project investment.
The Company currently has investments in a number of companies
which provide exposure to commodities which are relevant to the
rapidly growing technology metal sector, including lithium, cobalt
and nickel, as well as strategic positions in a geoscience
consultancy and a leading international company in the online brand
protection, anti-counterfeiting and anti-fraud sector which has
developed the one of the most comprehensive systems using AI
powered cyber intelligence systems and is developing its
proprietary blockchain-based platform for anti-fraud purposes.
This information is provided by RNS, the news service of the
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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