Admission to AIM
August 22 2006 - 3:00AM
UK Regulatory
RNS Number:9024H
Investika Ltd
22 August 2006
INVESTIKA FAST TRACKS TO AIM
Investika Ltd ("Investika" or the "Company") is pleased to announce that its
entire issued ordinary share capital is to be admitted to trading ("Admission")
today on the AIM Market of the London Stock Exchange plc ("AIM"). WH Ireland
Limited is acting as nominated adviser and broker to the Company.
The Company was incorporated on 26 February 1969. Investika is a public company
limited by shares with Australian Business Number 45 000 673 423. The Company's
issued share capital as at the date of this Announcement is 13,034,709 fully
paid ordinary shares of no par value ("Ordinary Shares"). The Ordinary Shares
have been traded on the Australian Stock Exchange (or the "ASX") since 6
December 1979 and will continue to be so traded following Admission.
Investika is an investment company in the mining finance industry with a focus
on pre-production emerging resource opportunities. The Company's principal focus
is on opportunities located in Asia, North and South America and Africa.
As at the date of this Announcement, the Company has the following principal
interests:
Name Country of Incorporation Percentage of issued equity share capital owned
Berong Nickel Philippines 18.7
Corporation
Tommy SA Chile 49.0
Tarquin Resources England & Wales 29.9
plc
Belitung Zinc England & Wales 42.5
Corporation plc
UMC Energy plc England & Wales 19.6
Toledo Mining England & Wales 11.6
Corporation plc
In addition to the above principal interests, the Company holds equity
investments in a number of listed and unlisted companies. On 27 July 2006 the
Company subscribed, at a cost of approximately A$245,000, for 3,333,333 ordinary
shares (representing 2.11 per cent. of the issued equity share capital) and
3,333,333 warrants in Cambrian Oil and Gas plc, an AIM quoted company. The
Company has valued the remainder of each of its other equity investments at less
than A$175,000 and an aggregate value of less than A$500,000.
As at the date of this Announcement, the following persons are directors of
Investika:
* John Archibald Landels, Chairman, Non-Executive Director;
* Chrisilios Kyriakou, Chief Executive Officer;
* Jonathan Richard Reynolds, Finance Director;
* Sydney James Philip Borg, Non-Executive Director; and
* Robert Anthony Cleary, Non-Executive Director.
The directors of the Company are seeking Admission to enhance the Company's
international profile, widen the Company's shareholder base, provide a further
share dealing platform for existing shareholders and to provide access in future
to additional sources of capital for its projects and acquisition program. No
capital will be raised on Admission.
Enquiries to:
Chrisilios Kyriakou, Chief Executive Officer
Investika Ltd
Telephone: 020 7514 1480
Paul Dudley/Peter Jackson
WH Ireland Limited
Telephone: 020 7220 1666
This information is provided by RNS
The company news service from the London Stock Exchange
END
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