Evrima Plc Directorate Change & Investment Update

 
TIDMEVA 
 
2 February 2023 
 
                                  Evrima plc 
 
                          ("Evrima" or the "Company") 
 
                    Directorate Change & Investment Update 
 
Evrima plc, the investment issuer focused on structuring investment 
transactions in the mining and junior exploration and development 
industries wishes to notify its shareholders that with effect of the 3rd 
February, Mr Guy Miller, presently a Non-Executive Director of the Company will 
resign his post as Director of Evrima plc and to provide an update to its 
shareholders as to its Premium Nickel Resources (TSX-V: PNRL) ("PNR")investment 
position. 
 
Chief Executive Officer, Burns Singh Tennent-Bhohi commented, 
 
"Due to Guy's corporate commitments the Board were always aware that his tenure 
was subject to certain milestones. Of most significance was seeing the Company 
achieve financial depth and a defined corporate strategy that provided a 
platform for future growth. 
 
Guy has been an incredibly dedicated and committed Director which is further 
reflected in the capital support he has provided the Company since July 2020 
and his input and commitment to see the Company operate to high standards. 
 
I would like to take this opportunity on behalf of the Board of Evrima to thank 
Guy for his years of service and support and wish him well in his future 
endeavours." 
 
Outgoing Director, Guy Miller commented, 
 
"With PNR now listed with an approximate market capitalisation of CAD$235m, 
Evrima has liquid common shares with a market value of $1,600,000 (CAD). The 
Company's also holds 3,377,888 shares in Eastport Ventures Inc., another 
investee working towards a listing on a recognised investment exchange.  This 
would further strengthen the Company's balance sheet enabling Evrima to 
evaluate further investments in the Company's adopted strategy, namely to 
invest in and/or acquire companies and/or projects within the natural resources 
sector. 
 
Whilst I am concluding my journey as a Director, I remain a supportive 
shareholder of a Company that has the opportunity to deliver tangible value for 
shareholders in the future." 
 
Following the resignation of Mr Guy Miller, the Board will comprise; 
 
Simon Grant-Rennick (Executive Chairman) 
Burns Singh Tennent-Bhohi (Chief Executive Officer) 
Duncan Gordon (Non-Executive Director) 
 
The Board will continue to consider future appointments to the Company. 
 
Premium Nickel Resources (TSX-V: PNRL) Investment Update 
 
The Board of Directors are pleased to announce that it has recovered its cost 
of investment in, investee, Premium Nickel Resources Ltd (TSX-V: PNRL) through 
a series of sales in the shares of the investee. 
 
A breakdown of the Company's resulting position, recovery of investment 
capital, net sale price & Return on Investment has been provided below: 
 
(All figures below shown in CAD$) 
 
Number of Shares Held     Average Book Cost Per     Cost of Investment 
                          Share 
 
1,114,115                 $0.21                     $233,964.14 
 
 
 
Number of Shares Sold     Average Sale Price        Gross Proceeds 
 
175,000                   $1.71                     $299,236 
 
 
 
Return on Investment for Shares Sold: 714% 
 
 
 
Resulting Position in TSX-V: PNRL        939,115 
 
Resulting Valuation at Current Share     $1,634,060 
Price ($1.74)* 
 
*Closing market price as at 1st February 2023, data for closing market price 
captured at TMX for which link can be found here 
 
Following the sales of the shares as quoted above the Company have elected to 
exercise all of their existing warrants held in Premium Nickel Resources 
(TSX-V: PNRL), upon the issue of the new ordinary shares (warrant exercise 
shares) the resulting position post-exercise can be found below: 
 
Number of Warrants Held   Strike Price              Cost of Exercise 
 
12,500                    $1.75                     $21,875 
 
 
 
Resulting Position Post Exercise of   951,615 
Warrants 
 
The Directors of Evrima accept responsibility for this announcement. 
 
This announcement contains information which, prior to its disclosure, was 
inside information as stipulated under Regulation 11 of the Market Abuse 
(Amendment) (EU Exit) Regulations 2019/310 (as amended). 
 
                                     Ends - 
 
Enquiries   : 
 
Company: 
Burns Singh Tennent-Bhohi (CEO & Director): [e-mail] 
 
Simon Grant-Rennick (Executive Chairman): [e-mail] 
 
Novum Securities Limited (AQSE Corporate Adviser): 
 
David Coffman / George Duxberry: + 44 (0) 20 7399 9400 
 
 
 
END 
 
 

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February 02, 2023 07:19 ET (12:19 GMT)