TIDMWSAG

RNS Number : 9869W

Woodburne Square AG PLC

07 February 2012

Woodburne Square AG

("Woodburne" or the "Company")

Posting of Circular and Notice of GM

Woodburne announces that a circular has been sent to shareholders of the Company, incorporating a notice of General Meeting. The General Meeting will be held at the offices of Welbeck Associates, 31 Harley Street, London W1G 9QS on 1 March 2012 at 10.00 a.m. in order to approve various resolutions, including the proposed changes to its investing policy ("Investing Policy"), which is set out below, as announced on 12 January 2012.

Proposed Investing Policy

Assets or companies in which the Company can invest:

The Company will seek investments in a variety of mineral classes to mitigate concentration risks of geography, mineral class, and end user off-take. Distinct operating subsidiaries will be created and organized along specific mineral class.

The means or strategy by which the Investing Policy will be achieved:

Projects will be sourced globally without geographic limitation and will be assessed with a focus toward near term production and cash flow potential. The Company will undertake extensive due diligence when assessing any proposed project investment and engage outside experts to assist with this process when necessary.

Whether such investments will be active or passive and, if applicable, the length of time which investments are likely to be held for:

The Company will make investments which will be passive in nature. However, the Directors may take active strategic roles to assist with achieving project development objectives. The Company will assess on a case-by-case basis how long investments should be held for.

How widely will the Company spread its investments and the Company's maximum exposure limits, if applicable:

The Company intends to be invested in a small number of projects at any given time. Maximum exposure limits will be at the discretion of the Board who will take into account numerous factors when reaching decisions as to exposure limited.

Policy in relation to gearing and cross-holdings, if applicable:

The Company may consider raising additional funds, either in the form of debt or equity, in order to carry out the Investing Policy. The Company does not intend at this time to invest in other investment companies.

The nature of returns the Company will seek to deliver to shareholders and, if applicable, how long the Company can exist before making an investment and/or before having to return funds to shareholders:

The Company will realize gains through the eventual liquidation, through sale or public listing of the subsidiary interest.

A copy of the circular can be found on the Company's website:

www.woodburnesquare.co.uk.

Enquiries:

 
 Woodburne Square AG plc 
 Gobind Sahney                 +44 (0) 207 467 1700 
 
 Libertas Capital Corporate 
  Finance Limited 
 Sandy Jamieson                +44 (0) 20 569 9650 
 
 Rivington Street Corporate 
  Finance 
 Jon Levinson                  +44 (0) 207 562 3357

This information is provided by RNS

The company news service from the London Stock Exchange

END

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