Nyota Minerals Limited Update on potential acquisition

TIDMNYO

Nyota Minerals Limited

19 January 2017

For immediate release

19 January 2017

Nyota Minerals Limited

Update on potential acquisition - Big Dish Indonesian expansion

Bigdish Ventures Limited ("BigDish")

On 15 November 2016, the Company announced the potential acquisition of Bigdish Ventures Limited which would, should it proceed, amount to a Reverse Takeover under the AIM Rules and a back-door listing for the purposes of the ASX Listing Rules. The Company continues its process of preparing the documentation necessary for the Company's shareholders to consider the proposed acquisition of BigDish.

The Company has been advised that BigDish will formally launch in Jakarta, Indonesia in February 2017. By the end of February 2017 BigDish will be operating in three countries - the Republic of the Philippines, Hong Kong and Indonesia. BigDish's Indonesian operation is led by Estee Hamid, who was appointed in late 2016. Estee is supported by an experienced local team. Estee is a digital marketing executive, having previously worked for Asia's largest price comparison site, Compare Asia Group and Qraved, Indonesia's leading restaurant discovery site. Estee holds a Bachelor's degree in Communication and Media Studies from Lasalle College of Arts, Singapore.

Joost Boer, the Chief Executive Officer of BigDish, commented that "BigDish is delighted to be able to continue its expansion into Indonesia which is an exciting market with a fast growing consumer driven economy. We have a growing team in Jakarta and with Estee's track record in digital marketing, where she grew the traffic of a local restaurant discovery site to the largest in the country, we have high hopes for BigDish' success in Indonesia".

For further information about BigDish please visit www.bigdish.com or www.facebook.com/bigdishPH or @bigdishIR.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 956/2014.

For further information please visit www.nyotaminerals.com or contact:

 
                         Chairman, Nyota Minerals 
 Jonathan Morley-Kirk     Limited                    [phone] 
======================  ==========================  ================ 
                         Beaumont Cornish 
 Michael Cornish          Limited                    [phone] 
  James Biddle            Nominated Advisor           3396 
======================  ==========================  ================ 
 Rupert Williams         Smaller Company Capital     [phone] 
  Jeremy Woodgate         Limited                     2912 
======================  ==========================  ================ 
 

ENDS

This information is provided by RNS

The company news service from the London Stock Exchange

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January 19, 2017 04:00 ET (09:00 GMT)