AMCO Regulatory Approval
26/03/2009 7:30am
UK Regulatory
TIDMCMM
RNS Number : 5024P
Commoditrade Inc.
26 March 2009
26 March 2009
Commoditrade Inc.
("Commoditrade" or "the Company")
AMCO Commodities SAM - Regulatory Approval
Commoditrade Inc. (AIM: CMM), the commodities investment group, is pleased to
announce that its wholly-owned subsidiary, AMCO Commodities SAM, based in the
Principality of Monaco, has today received authorisation from the Ministry of
Finance in Monaco to conduct investment business.
Commenting, David Phipps, Chief Executive of Commoditrade, said:
"The approval represents another step in the development of the Group's
operations following the recent acquisition of the AMCO business which is also
regulated by the FSA in the UK."
Enquiries:
James Harris / Angela Peace
Strand Partners Limitedtel: +44(0)20 7409 3494
John Bick, Hansard Grouptel: +44(0)20 7245 1100
www.commoditrade.net
This information is provided by RNS
The company news service from the London Stock Exchange
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