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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Carlton Res. | LSE:CLN | London | Ordinary Share | GB00B0TNHV95 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.65 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMCLN RNS Number : 3074V Carlton Resources PLC 08 July 2009 ? 8 July 2009 Carlton Resources Plc ('Carlton' or the 'Company') Shareholder Letter The Directors of Carlton Resources Plc ('Carlton' or the 'Company') advise that the following update was posted to shareholders today. "Dear Shareholder, With the recent EGM now completed I would like to take the opportunity to update you on the plans to rebuild Carlton. Over the past six months the Board has concentrated on preserving cash, seeking new sources of funding and assessing new opportunities.1. The preservation of cash
The focus over the short term period from January 2009 to date has been the preservation of existing cash reserves of the Company by cutting back all expenditures to a minimum level. These measures have improved the Company's position by reducing its cash burn rate. 2. New sources of funding A placing of shares to a range of professional investors has been successfully completed, resulting in a further GBP400,000 being raised by the Company. These funds will be utilised to provide working capital, whilst we seek new opportunities for the Company.3. To seek new opportunities for the Company
During this period we have assessed a large number of projects that may be suitable for Carlton. Of the opportunities that we have assessed to date, we are now in the final due diligence stages on the most prospective of these with a view, should such due diligence prove successful, to announcing a transaction in the near future. Please don't hesitate to contact me on info@carltonresourcesplc.com if we can be of any assistance and we hope to bring you further news in the near term. I would be happy to email you or speak with you. Yours sincerely, Martyn Churchouse CEO" For further information please contact: Martyn Churchouse(+44) 77 3815 0889 Mark Burchnall(+44) 75 4989 2425 Richard Jarvis(+61) 8 9322 2164 Carlton Resources Plc Simon Raggett Warren Pearce (+44) 20 7409 3494 Strand Partners Limited or visit http://www.carltonresourcesplc.com This information is provided by RNS The company news service from the London Stock Exchange END MSCEVLBBKDBEBBV
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