Lagan Cap. Share Discussion Threads

[moreforus] 04/9/2012 13:59

have youy added Duxy...

looks like the bucket shop is down its ...last... 2 million shares!

[theshareguru] 31/8/2012 18:38

look forward to announcements re 3% or above is it the brdy, prs or zol.

[theshareguru] 31/8/2012 18:38

look forward to announcements re 3% or above is it the brdy, prs or zol.

[duxy786] 30/8/2012 13:09

Still think it will drop a little so adding slowly, looking to hold around £10K worth or a nice round figure like 600K stock.

[duxy786] 30/8/2012 13:07

Just added 40K here....ADVFN showing it as sell!

[bulldog30] 30/8/2012 08:46

moreforus

You need to meet the directors and understand the strategy going forward. Lagan was close to going bust I believe so saved by cash injection and to keep status as an investment company had to make 5 investments in resource stocks. You will note the Russia connection and I see many opportunities unfolding over the next few months in the region where Nosworthy has previous experience.

[thetoonarmy2] 30/8/2012 07:58

waste of time

[moreforus] 30/8/2012 07:35

buys at 1.58p

1p buyer dumping then

[moreforus] 30/8/2012 07:29

Bulldog they've just done most of their cash in UKL listed stocks...what's special about LGN? ie do they have access to pre IPO investments??

[bulldog30] 30/8/2012 07:25

Yes but my real interest is what they might be able to get done in the Far East of Russia. Huge potential for precious metals and copper and great infrastructure as well as the world powerhouses of China , Japan and Korea on the doorstep. Nosworthy has been active there before.

[27howard] 30/8/2012 07:21

You can pick them moreforus :-))

[moreforus] 30/8/2012 07:19

did you buy in the placing?

[bulldog30] 30/8/2012 07:17

I can see a very interesting few months ahead and am in.

[moreforus] 30/8/2012 06:14

Back today....will open at 1p...


Lagan Capital PLC Implementation of Investing Policy
Print
Alert
TIDMLGN

RNS Number : 0467L

Lagan Capital PLC

30 August 2012

30 August 2012

LAGAN CAPITAL PLC

("Lagan" or the "Company")

Implementation of Investing Policy

The Directors are pleased to announce that, following the subscription by various investors for an aggregate of GBP690,741, the Company has invested approximately GBP560,000 in quoted shares and therefore successfully implemented its investing policy. As a result, the suspension of trading in the Company's shares will now be lifted and trading in the Company's shares will resume today at 7.30 a.m.

Further details on investments

The Company has invested approximately GBP560,000 in various mining companies as detailed in the table below.


Company Number of shares Price paid Investment
purchased

Amur Minerals Corporation
(LSE:AMC) 3,493,858 5.2p GBP181,680.61
Highland Gold Mining
Limited (LSE:HGM) 129,800 115.547p GBP149,980.00
Kinross Gold Corporation 11,700 C$8.6115 GBP64,386.39
(TSE:K)
(550.311p)
Rio Tinto plc (LSE:RIO) 3,590 2,781p GBP99,837.90
Vedanta Resources
plc (LSE:VED) 7,328 887p GBP64,999.36

Total GBP560,884.26

[moreforus] 29/8/2012 07:59

subject to confirmation from the Stock Exchange that it is satisfied that the Company has implement its investing policy, the suspension of the Company's Ordinary Shares from trading on AIM will be lifted. Further announcements will be made as soon as appropriate.

[moreforus] 29/8/2012 07:59

1p placing done....

watch for the relisting could be any time



Lagan Capital PLC Issue of Equity and Directorate Changes
Print
Alert
TIDMLGN

RNS Number : 9405K

Lagan Capital PLC

29 August 2012

29 August 2012

LAGAN CAPITAL PLC

(the "Company")

Issue of Equity and Directorate changes

Following the passing of the resolutions at the general meeting of the Company announced earlier today the Directors are pleased to announce that the Company has issued and allotted a total of 72,761,620 new ordinary shares of 1p each (the "New Ordinary Shares").

Of the New Ordinary Shares, 69,074,119 have been subscribed for by various investors at a price of 1p per New Ordinary Share for an aggregate of GBP690,741 (the "Subscription"). The funds generated through the Subscription will be used for the implementation of the Company's investing policy. In addition, the Company has issued and allotted 3,687,501 New Ordinary Shares of 1p to Stephen Casey and Peter Holmes in lieu of outstanding director fees totalling in aggregate GBP49,161.67.

As part of the Placing the Company has also issued 44,537,059 warrants over ordinary shares of 1p each ("Ordinary Shares") exercisable at 1p up until 28 August 2014.

Application has been made for the New Ordinary Shares, which will rank pari passu with the existing ordinary shares, to be admitted to AIM on 30 August 2012 ("Admission").

Following Admission, there will 78,281,120 Ordinary Shares in issue with each share carrying the right to one vote. This number may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company.

Board Changes

As detailed in the Company's circular of 10 August 2012 (the "Circular") following the passing of the resolutions at the General Meeting and the allotment of the New Ordinary Shares, Stephen Casey and Peter Holmes have stepped down from the board as directors with immediate effect.

Michael Nosworthy and Stephen ("Steve") Roberts join the board as executive chairman and non-executive director respectively. Michael is a qualified civil engineer and was previously a natural resource specialist with Morgan Grenfell in London and New York and has provided corporate finance advice in Russia since 1991. He was also a founder of Amur Minerals Corporation. Steve has a wealth of advisory experience having been head of corporate finance at Evolution, Fairfax and Daniel Stewart and also held advisory roles at Collins Stewart, Charterhouse, Hsbc and James Capel.

The information that is required to be disclosed in accordance with Schedule Two (g) of the AIM Rules for Companies is set out below.

Interests in shares

Following the issue and allotment of the New Ordinary Shares and Admission, the interests of the Directors and those shareholders who are interested, where known, in 3% or more of the issued share capital of the Company will be as follows:

Directors

Michael Nosworthy 29.9%
Stephen Roberts 0%
Implementation of Investing Policy and suspension

As detailed in the Circular, in order to fulfil its investing policy the Company is required to invest GBP560,000 in appropriate investments. It is the Directors' intention to immediately implement its investing policy following the Subscription. The Directors intend to buy a selection of quoted and listed interests in various mining companies following which, and subject to confirmation from the Stock Exchange that it is satisfied that the Company has implement its investing policy, the suspension of the Company's Ordinary Shares from trading on AIM will be lifted. Further announcements will be made as soon as appropriate.

Appointment of Joint Broker

The Company is pleased to announce the appointment of Peterhouse Corporate Finance Limited as Joint Broker with immediate effect.

Director Details

Michael Nosworthy

Michael John Kerrison Nosworthy, aged 57, is or has been in the past five years a director of the following companies:


Current Directorships Past Directorships

EMON (UK) Limited World Wide Minerals Ltd
EMON (US) Inc.
Endor International Exploration
Limited
Endor International Exploration
LLC
Foxley Associates Ltd
Frost Bay Limited
Kimberlitt AS
Mining Investment Resources
plc


Mr. Nosworthy confirms that there is no further information to be disclosed under Schedule Two (g) of the AIM Rules.

Steve Roberts

Stephen John Roberts, aged 60, is currently a director of CFM3 Ltd and Cedar Gold Ltd. Mr. Roberts confirms that there is no further information to be disclosed under Schedule Two (g) of the AIM Rules.

For further information, please contact:


Michael Nosworthy Lagan Capital plc [phone]

Steve Roberts Lagan Capital plc 07812043436


Northland Capital Partners
Luke Cairns / Matthew Limited
Johnson (Nomad and Joint Broker) 020 7796 8800

Peterhouse Corporate Finance
Peter Greensmith / Eran Limited
Zucker (Joint Broker) 020 7469 0932
Jonathan Anderson Investor Relations 07950410680

This information is provided by RNS

The company news service from the London Stock Exchange

END

[jambo172] 23/8/2012 11:25

Why ... who would be the sellers.

[moreforus] 23/8/2012 10:25

I reckon it'll open at 0.50p!

Seeing as it went into suspenders at 5p.....

[jambo172] 23/8/2012 10:23

Thanks Morefous. Looks like another classic shell transaction.
Wasn't Michael Nosworthy (new diector) involved in Amur Minerals at the early stage.
Might be interesting to follow them.
Wonder how we can get some cheap 1p shares.

[moreforus] 23/8/2012 10:01

jambo read the last rns

its coming back to market with a ...1p...placing

[jambo172] 23/8/2012 09:57

Does anybody know who is using the company and for what.
Fast running out of time before delisting

[moreforus] 10/8/2012 13:08

coming back

Resolution 1 - The adoption of a new investing policy to focus on investments in the natural resources sector (

[kinghorm23] 29/11/2011 20:13

And you are worse than everybody else M4 working and dumping stocks
with topinfo the same time you are pushing them (IPS), i forwarded
that info onto the FSA !