TIDMEML 
 
For immediate release: 23 March 2011 
 
                            Emerging Metals Limited 
 
                  ("EML", "Emerging Metals" or the "Company") 
 
                       Notice of Meeting of Shareholders 
 
         Proposed expansion of the Company's existing investing policy 
 
Emerging Metals Limited (AIM: EML) is pleased to announce that it is today 
convening a meeting of the Company's shareholders ("Meeting") to consider, and 
if thought fit approve, a proposed expansion of the Company's existing 
investing policy. 
 
The directors of the Company ("Directors" or "Board") believe that the proposed 
investing policy reflects the preferred strategy of the Company moving forward 
whilst providing the Directors with greater flexibility to utilize the 
Company's existing cash reserves to take advantage of investment opportunities 
across all types of natural resources projects. The proposed investing policy 
would permit the Directors to continue to review and consider potential 
investments in not just the metals and metals projects as outlined in the 
Company's admission document and expanded through shareholder approval of the 
existing investing policy in April 2010, but would also permit investment in 
all types of natural resources projects (including but not limited to all 
metals, minerals and hydrocarbon projects) or physical resource assets on a 
worldwide basis. 
 
The Directors are currently reviewing potential investment and acquisition 
opportunities in line with the proposed investing policy but have not, at this 
stage, entered into any firm commitment in connection with any investments or 
acquisitions. The Directors believe that current market conditions will provide 
good opportunities for a positive return from the above investments where 
prices of natural resources to which the Company has or desires exposure 
increase. 
 
The Meeting is to be held at The Sanderson Suite, The Claremont Hotel, 18-22 
Loch Promenade, Douglas, Isle of Man, IM1 2LX at 2:00 p.m. BST on 8 April 2011. 
The circular containing the Notice of Meeting and the full text of the proposed 
investing policy is being posted to shareholders today and will shortly be 
available on the Company's website www.emergingmetals.com. 
 
Contact details 
 
  Emerging Metals    Religare Capital   Fox-Davies Capital          GTH 
      Limited             Markets             Limited 
                                                              Communications 
 
Denham Eke                 Peter         Daniel Fox-Davies       Toby Hall 
                      Trevelyan-Clark 
                                                             Christian Pickel 
                       Emily Staples 
 
+44 (0) 1624 639396   +44 (0) 20 7444     +44 (0) 20 7936     +44 (0) 20 3103 
                           0800                5200                3900 
 
The full text of the proposed investing policy is set out below: 
 
"The Company's strategic objective is to acquire holdings in natural resources 
companies and/or physical resource assets which the Directors believe are 
undervalued and where such a transaction has the potential to create value for 
shareholders. The Directors intend to take an active role in the management of 
such investments and estimate that they will be held for periods of up to five 
years. 
 
"The Company is seeking to acquire interests in natural resources projects 
(including but not limited to all metals, minerals and hydrocarbon projects) or 
physical resource assets on a worldwide basis. Projects may include (without 
limit) exploration permits and licences, processing plants, mines or oil and 
gas fields, which may be achieved through acquisitions, partnerships or joint 
venture arrangements. Such investments may result in the Company acquiring the 
whole or part of a company or project, and may include the Company taking 
strategic equity stakes in both public and private companies. 
 
"The Company's investments may take the form of equity, debt, convertible 
instruments, licence rights, options or other financial instruments as the 
Directors deem appropriate. Forward transaction and derivatives (including put 
and call options on individual positions or physical resource assets) may be 
used to gain exposure to resources or the securities of companies falling 
within the Company's investing policy or to seek to generate income from the 
Company's position in such resources or companies, as well as for efficient 
portfolio management. The Company may hedge exposure to foreign currencies if 
considered appropriate for efficient portfolio management. The Company would 
not contemplate investments or acquisitions that carry a high degree of 
contingent risk or liability that is capable of imposing financial obligations 
upon the Company that it could not reasonably expect to meet. 
 
"The Company intends to continue to search for and review a number of 
opportunities which the Directors believe would benefit from a degree of 
further investment, the expertise of the Directors and access to the UK's 
capital markets. The Company will review project opportunities at all stages 
from early stage exploration to later stage extraction and processing. 
 
"The Directors believe that their broad collective experience in the areas of 
acquisitions, accounting, corporate and financial management together with the 
opinion of consultant experts in the evaluation and exploitation of natural 
resources projects who will assist them in the identification and evaluation of 
suitable opportunities, will enable the Company to achieve its strategic 
objective. Where necessary, internationally recognised competent persons will 
be commissioned to prepare reports on the projects being considered by the 
Company. 
 
"The Directors may undertake initial project assessments themselves with 
additional independent technical advice as required. There is no limit on the 
number or size of projects into which the Company may invest. 
 
"Strategic equity investments may be undertaken in the ordinary course of the 
Company's business and as an alternative to holding cash reserves on a 
day-to-day basis. The Directors do not envisage that the Company's investment 
portfolio will be leveraged initially; however, this position may be reviewed 
should the Board become aware of available and commercially prudent financing 
arrangements. The Company will consider cross holdings of shares in 
circumstances that would benefit its broader strategic objective. 
 
"The Directors will consider distribution of any future returns to shareholders 
by way of dividend, share repurchases, demergers, schemes of arrangement, 
liquidation or other means in the light of prevailing circumstances at the time 
of any such distribution." 
 
                                  -- Ends -- 
 
 
 
END
Emmerson (LSE:EML)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Emmerson Charts.
Emmerson (LSE:EML)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Emmerson Charts.