CIP Merchant Capital Ltd Completion of Investment in Saffron Energy plc (2428K)
09 April 2018 - 6:18PM
UK Regulatory
TIDMCIP
RNS Number : 2428K
CIP Merchant Capital Ltd
09 April 2018
9 April 2018
CIP MERCHANT CAPITAL LIMITED
("CIP Merchant Capital" or the "Company")
Completion of Investment in Saffron Energy plc
The Company is pleased to announce that, following Coro Energy
plc's ("Coro Energy") (previously Saffron Energy plc) announcement
released earlier today noting its readmission to trading on AIM and
the completion of its acquisition of Sound Energy Holdings Italy
Limited and associated placing in which the Company participated,
the Company has now completed its first investment.
The Company is now interested in 150,684,929 ordinary shares in
Coro Energy ("Coro Shares"), representing approximately 21.0 per
cent. of Coro Energy's currently issued share capital, and
68,493,150 vested warrants over Coro Shares which expire on 9 April
2019 and are exercisable at a price of 6.57 pence per Coro
Share.
For further information, please contact:
Merchant Capital Manager Limited (Investment
Manager)
Marco Fumagalli +41 91 225
Carlo Sgarbi 25 60
Strand Hanson Limited (Financial & Nominated
Adviser and Broker)
Richard Tulloch +44 20 7409
James Bellman 3494
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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