Craven House Capital PLC Potential Acquisition (8145N)
September 26 2019 - 6:52AM
UK Regulatory
TIDMCRV
RNS Number : 8145N
Craven House Capital PLC
26 September 2019
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
Craven House Capital plc
("Craven House" or the "Company")
Potential Acquisition of Blacktail Mountain Ski Area through its
68% owned subsidiary DLC Holdings ("DLC")
Craven House Capital (AIM:CRV) announces that its 68% owned
subsidiary TSX listed DLC Holdings Limited announced on the 28th of
August that it had conditionally agreed to acquire 100% of the
share capital of Blacktail Mountain Ski Area LLC and Blacktail
Mountain, Inc. which collectively comprise the operating business
of the Blacktail Mountain Ski Area ("Blacktail") in Lakeside
Montana USA.
DLC will acquire Blacktail for $3.5 million US dollars. Payment
will be satisfied through the issuance of approximately 18,452,000
common shares in DLC to the shareholders of Blacktail. These shares
will be subject to the mandatory holding period as defined by the
TSX Venture Exchange (the "Exchange").
Completion of the transaction remains subject to a number of
conditions, including but not limited to receipt of all required
shareholder, regulatory and third party consents, including
Exchange acceptance, and satisfaction of other customary closing
conditions.
Further announcements will be made in due course.
Ends
For further information please contact:
Craven House Capital Plc Tel: 0203 286 8130
Mark Pajak
www.Cravenhousecapital.com
SI Capital Tel: 01483 413500
Broker
Nick Emerson
www.sicapital.co.uk
SPARK Advisory Partners Limited Tel: 0203 368 3550
Nominated Adviser
Matt Davis/Mark Brady
www.Sparkadvisorypartners.com
About Craven House Capital:
The Company's Investing Policy is to invest in or acquire a
portfolio of companies, partnerships, joint ventures, businesses or
other assets globally in any geographic jurisdiction. The company
will invest in both developed and developing markets providing long
term patient capital and is often involved in special situations,
restructuring, expansion and turn around investments in crisis and
transitioning economies.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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