Two Shields Investments PLC Completion of Transaction with ABM (4598Z)

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RNS Number : 4598Z

Two Shields Investments PLC

03 September 2018

Two Shields Investments Plc / EPIC: TSI / Market: AIM

3 September 2018

Two Shields Investments Plc ("Two Shields" or the "Company")

Completion of Transaction with African Battery Metals plc

Two Shields, the AIM-quoted investing company, is pleased to announce that, following the announcement on 8 August 2018, AIM quoted African Battery Metals plc ("ABM") has completed the acquisition of TSI's 49% share capital interest in Cobalt Blue Holdings Inc ("CBH") and that the Company has now received 15,195,826 new ordinary shares (the "Consideration Shares") representing 11.12% of the enlarged ABM share capital. This values TSI's stake in ABM at GBP509,060 based on ABM's closing share price on 28 August 2018.

ABM is an Africa focused, resource company exploring for the key metals used in next generation batteries that fuel the new electric vehicle revolution. Led by a management team with a proven track record in mineral exploration and development, ABM has a rapid development strategy in place to become a significant explorer, developer and ultimately producer of battery metals. ABM's portfolio of licences now includes highly prospective cobalt assets in the Democratic Republic of Congo, cobalt-nickel exploration assets in Cote d'Ivoire, Cobalt assets in Cameroon as well as a gold project in Sierra Leone.

Charlie Wood, Chairman, said, "The acquisition of Cobalt Blue Holdings by ABM provides TSI with direct listed equity exposure to a portfolio of highly prospective cobalt and nickel assets in a number of jurisdictions. Importantly it is run and backed by highly experienced mining professionals with proven pedigrees in building significant resource companies, including Roger Murphy, Stephen Dattels and Ian Stalker.

"Elsewhere, activity is on-going across our dual-focused investment portfolio focussed on technology related mineral exploration and mining and digital assets, financial technologies and other disruptive technologies primarily applicable to, or involved in, the blockchain space. As a result, shareholders can expect much news flow over the coming months which will include drilling and upcoming results at our highly prospective lithium assets, as well as progress updates from the cyber-technology arm of our portfolio, including global cybersecurity company Brandshield and innovative social e-commerce platform WeShop."

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.

**Ends**

For further information please visit https://twoshields.co.uk/ or contact:

 
Charlie Wood                  Two Shields Investments Plc       [phone] 
                              Spark Advisory Partners Limited 
Neil Baldwin/Andrew Emmott     (Nominated Adviser)              [phone] 
Nick Emerson                  SI Capital Ltd (Broker)           [phone] 
 Frank Buhagiar/Gaby Jenner    St Brides Partners Ltd            [phone] 
 

Notes to Editors:

Two Shields Investments Plc is an investing company, quoted on the AIM market of the London Stock Exchange, with a strategy focused on identifying and investing in opportunities in mineral exploration and mining and also Digital Assets, financial technologies and other technologies applicable to, or involved in, the blockchain space. The Company has an experienced Board of Directors with a proven pedigree in the acquisition, development & sale of projects and creating value for shareholders. The investment mandate covers unquoted and quoted businesses, as well as direct project investment.

The Company currently has investments in a number of companies which provide exposure to commodities which are relevant to the rapidly growing technology metal sector, including lithium, cobalt and nickel, as well as strategic positions in a geoscience consultancy and a leading international company in the online brand protection, anti-counterfeiting and anti-fraud sector which has developed the one of the most comprehensive systems using AI powered cyber intelligence systems and is developing its proprietary blockchain-based platform for anti-fraud purposes.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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September 03, 2018 02:00 ET (06:00 GMT)