REG-Tengri Resources: First Day of Dealings <Origin Href="QuoteRef">TENT.L</Origin>

Triple Point Energy TransitionAnnouncement

17/11/2016 11:05

       17 November 2016 

TENGRI RESOURCES

(“Tengri” or the “Company”)   

First Day of Dealings on the ISDX Growth Market

The Board of Tengri, the AIM Rule 15 Cash Shell, is pleased to announce that,
with effect from 8.00 a.m. today, the Company’s Ordinary Shares commenced
trading on the ISDX Growth Market. There are 113,918,497 Ordinary Shares of 5
pence each in issue. Full details of the recapitalisation of the Company were
recently announced on 17 October 2016 and 1 November 2016 in a circular to
Shareholders.

For the avoidance of doubt, the Company will remain admitted to trading on AIM
following admission to the ISDX Growth Market.

Company Information

Tengri’s investing strategy is to make an acquisition or acquisitions which
constitute a reverse takeover. Any transaction constituting a reverse takeover
will also require shareholder approval.

The Company will seek to acquire companies within the technology sector.

The Company currently has no liabilities and has raised £100,000, via the
issue of 2,000,000 Ordinary Shares, in October 2016. The Company also has a
£650,000 unsecured and zero coupon convertible loan note (the “Loan
Note”), as detailed in the regulatory information service announcement of 17
October 2016.

 Details of Directors

The full names of the Directors of the Company and positions are as follows:

Manish Karani, Non-Executive Chairman (Aged 28)

Manish Karani is the founding partner of a boutique private equity firm
supporting leading international companies' capital raises, M&A and
partnerships with leading entrepreneurs. Prior to this, Manish had over 9
years' experience in private and investment banking in London, Switzerland and
Singapore.

Peter Moss, Non-Executive Director (aged 58)

Peter Moss has over 30 years of experience in the financial markets, the
majority of which have been in London. Mr Moss is currently Executive Chairman
of Cheleb Resources Ltd., an oil & gas production company specialised in
marginal and end-of-life assets, as well as a Director of FHolding Ltd., a
family operated London holding company. Since 2006, he has been an Independent
Director of The Revelation Special Situations Fund Ltd., a Bermuda-based hedge
fund. He is a member of the Advisory Committee of Max Petroleum PLC, a
AIM-listed oil and gas E&P firm with interests in Kazakhstan. From 2006-2011
he served as Max’s Senior VP for Corporate Development and Investor
Relations and was instrumental in forming an investor group which provided the
capital for the Company’s IPO on AIM in 2005 and subsequent capital
raisings. He is a former CEO of AIM-listed Zoltav Resources and a former
Director of NYSE-Listed Evergreen Energy Inc. From 2004-2011, he was a Non-

Executive Director of AIM-listed Crosby Asset Management Ltd. Mr. Moss has
held senior positions with Dresdner Kleinwort Wasserstein, Donaldson Lufkin
Jenrette, Commerzbank and GFI Group Inc., with an emphasis in sales of risk
and capital structure arbitrage to hedge funds. He studied Geology and
Economics at Tulane University in New Orleans, Louisiana and is a graduate of
Deerfield Academy in Deerfield,
Massachusetts.

Sector Classification
Technology hardware and equipment.

Registered Office
190 Elgin Avenue
George Town
Grand Cayman KY-9005
Cayman Islands

Business address and Company secretary address
Stanhill Operations Limited
32 St James’ Street
London, SW1A 1HD
Phone: +44(0) 203 301 9346

Company website

www.tengriresources.co.uk

Admission to AIM
The Company was admitted to trading on AIM as an investing company on 8 March
2005. The Company was re-admitted to trading on AIM on 15 July 2014, following
a reverse takeover transaction.

Securities Settlement
The Company has adopted the Depositary Interest facility operated by its UK
registrar so that Shareholders have the choice of whether they want to hold
their Ordinary Shares in certificated or uncertificated form. The Depositary
Interest can be traded and settlement is within the CREST system in the same
way as any other CREST security.

Takeover Code
The Company is not subject to the UK City Code on Takeovers and Mergers or any
other such legislation or code in the Cayman Islands.

Substantial Shareholder Information

The Company is aware of the following persons/entities who directly or
indirectly hold an interest in the Company representing 3 per cent. or more of
the issued ordinary share capital of the Company as enlarged by the Loan Note.

 Shareholder                       Number of Shares  % of issued share capital on conversion of the Loan Note  
 Robust Resources Limited          67,331,150        20.46                                                     
 Peterhouse Corporate Finance Ltd  32,500,000        9.83                                                      

In addition to the substantial shareholders the Directors hold the following
interest in the share capital of the Company:

 Director       Number of Shares  % of issued share capital on conversion of the Loan Note  
 Peter Moss     Nil               Nil                                                       
 Manish Karani  Nil               Nil                                                       

The percentage of securities in public hands (as defined in the ISDX Growth
Market Rules for Issuers) is 12.10 per cent. The percentage of securities not
in public hands is 87.90 per cent.

The Directors

For further information, please contact:

 Tengri Resources                                                                
 Manish Karani                                                 +44 7956 561 995  
 ISDX Corporate Adviser: Peterhouse Corporate Finance Limited                    
 Guy Miller/Fungai Ndoro                                       +44 20 7469 0936  



Copyright (c) 2016 PR Newswire Association,LLC. All Rights Reserved