REG - Global Resources Inv - Company Update

Grit Investment TrustAnnouncement

13/08/2018 16:35

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$250,691.25 and £11,842.34 that Tygola is claiming are due to it from GRIT in connection with the guarantee by GRIT of a US$ 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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