Investment Update

 

TIDMHRE 
 
RNS Number : 1553V 
Hameldon Resources Limited 
28 October 2010 
 

                           HAMELDON RESOURCES LIMITED 
 
                                Investment Update 
 
 
 
On 26 October 2010, the Board of Directors of Hameldon Resources Limited ("HRE" 
or the "Company") announced that the Company had raised GBP500,000 by way of a 
placing of new ordinary shares in the Company and the issue of convertible loan 
notes. 
 
These funds have now been used to fulfil the Company's investment strategy, 
approved at an EGM on 26 October 2009, to invest in the natural resources 
sector. 
 
In accordance with its investing policy the Company has acquired minority 
positions, ranging from stakes of 0.01 to 0.3%, in a total of ten gold and 
precious metal companies, eight of which are quoted on the London Stock Exchange 
and two of which on the TSX. The individual stakes taken range from GBP30,000 to 
GBP43,000 and the total consideration of approximately GBP400,000 has been fully 
satisfied in cash. 
 
The companies invested in range from exploration and development companies 
focused on gold and other metals projects to producing gold mines with 
operations located across regions in Africa, Asia-Pacific, Europe and the FSU. 
The Company continues to evaluate various new opportunities, which would meet 
its investment criteria, with a particular focus on gold and precious metals. 
 
For further details, please contact: 
 
Hameldon Resources Limited 
Waseem Shiraz 
[phone] 
 
Tom Winnifrith 
[phone] 
 
Strand Hanson Limited 
James Harris / Angela Peace 
[phone] 
 
Bishopsgate Communications 
Nick Rome 
[phone] 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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