Global Resources Investment Tst PLC Company Update (6580X)

TIDMGRIT

RNS Number : 6580X

Global Resources Investment Tst PLC

13 August 2018

   To:                    RNS 
   From:                Global Resources Investment Trust plc ("GRIT") 
   Date:                13 August 2018 
   LEI:                   2138005OJKGWG3X4SY51

Company Update

The Board of Directors of GRIT (the "Board") announces that on Friday 10 August 2018 it was notified that Tygola Pty Ltd ("Tygola") had purportedly appointed receivers over certain of the assets of GRIT in connection with expenses of US$250,691.25 and GBP11,842.34 that Tygola is claiming are due to it from GRIT in connection with the guarantee by GRIT of a US$ 500,000 loan by Tygola to Anglo -African Minerals plc ("Loan").

The Loan, together with interest and some agreed expenses have already been paid.

GRIT has been advised by its solicitors that the purported appointment by Tygola of receivers over the assets of GRIT is invalid.

All Enquiries:

David ("Sam") Hutchins

Executive Director

020 3915 5627 and 07775 991 766

Martin A Cassels

Maitland Administration Services (Scotland) Limited

Company Secretary and Administrator

0131 550 3760

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August 13, 2018 11:31 ET (15:31 GMT)

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