Global Resources Inv - Sale of Investment and Financial Update

Grit Investment Trust

23/04/2021 12:09

RNS Number : 4745W

Global Resources Investment Tst PLC

23 April 2021

 

For immediate release                                                                                                                           23 April 2021

 

 

GLOBAL RESOURCES INVESTMENT TRUST PLC ("GRIT" or the "Company")

 

Sale of Investment and Financial Update

 

The Company is pleased to report that it has sold its entire investment in Siberian Goldfields Limited ("SGL") in an off-market transaction for a cash consideration of gross proceeds of GBP 488,352.

 

The proceeds from the sale will be paid into the recently approved CVA for the benefit of the creditors of the Company.

GRIT is currently working on finalising its overdue Annual audited results for the year ended 31 December 2019 and unaudited interim statement for the half year ended 30 June 2020, together with an additional fundraising.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2012 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR").

For further information, please contact:

 

Global Resources Investment Trust PLC
Tel: +44 (0) 203 198 2554
Martin Lampshire
Beaumont Cornish Ltd
Tel: +44 (0) 207 628 3396
Roland Cornish
Felicity Geidt
Peterhouse Capital Limited
Tel: +44 (0) 207 469 0930
Lucy Williams
Duncan Vasey
Heena Karani


 

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