Two Shields Investments PLC Increases Interest in Cobalt Blue Holdings to 49% (1625X)
August 08 2018 - 2:01AM
UK Regulatory
TIDMTSI
RNS Number : 1625X
Two Shields Investments PLC
08 August 2018
Two Shields Investments Plc / EPIC: TSI / Market: AIM
8 August 2018
Two Shields Investments Plc ("Two Shields" "TSI" or the
"Company")
Increases Interest in Cobalt Blue Holdings to 49%
Two Shields Investments Plc, the AIM-quoted investing company,
is pleased to announce that, following the acquisition on 7 August
2018 of an additional 24% share capital interest to add to its 25%
share capital holding acquired in November 2017, it now owns 49% of
the share capital of Cobalt Blue Holdings Inc ("CBH").
The additional investment in CBH, which holds a strategic
licence position in a region of the Republic of Cameroon known to
hold world class cobalt deposits, is in line with TSI's focus on
investing in fast-moving, disruptive markets such as technology
metals, specifically lithium and cobalt, cybersecurity and
e-commerce.
-- TSI on 7 August 2018 entered into a revised acquisition and
shareholders' agreement with Cobalt Blue Associates Inc ("CBA") and
CBH to take its share capital interest in CBH from 25% to 49%
-- The acquisition of an additional 24% of the issued share
capital of CBH from CBA is for a reduced purchase price of
US$200,000 cash (previously US$800,000) (the "Acquisition") and has
been completed following the expiry of the call option, terms of
which are further detailed in the announcement on 30 November
2017
-- CBH holds 4 prospecting licences and 2 prospecting licence
applications in a region with a precedent of significant cobalt
mineralisation
-- CBH's 4 granted prospecting licences lie contiguous to the
world class Nkamouna and Mada deposits where previous studies have
indicated a total 59.8 million tonnes (Mt) grading an average of
0.24% cobalt, 0.68% nickel and 1.37% manganese
-- Following the Acquisition the share capital of CBH is held 49% by TSI and 51% by CBA
Charlie Wood, Chairman, said, "Our confidence in the potential
of CBH's cobalt licences underpins our decision to increase our
stake in CBH to 49%. The excellent regional geology, along with its
proven potential for high grade cobalt mineralisation, is highly
encouraging, as are early stage exploration results which are
indicative of significant similarities between CBH's licences and
the proven resources of nearby world class deposits.
"Increasing our interest in CBH is in line with Two Shields'
investment mandate to provide shareholders with exposure to high
quality battery metals and technology plays, all of which offer
significant re-rating potential. The CBH investment is also highly
complementary to our lithium interests in Mali and Niger. I look
forward to updating shareholders on activity across our investment
portfolio, which also includes leading cybersecurity solutions
provider Brandshield and innovative social e-commerce platform
WeShop, throughout the rest of the year, as we remain focused on
generating significant value for our shareholders."
CBH Financials
Cobalt Blue Holdings Inc ("CBH") was incorporated on 16 October
2017 as a BVI Business Company with Company Number 1957972. CBH has
share capital of US$2,000 representing net assets of US$2,000 and
has not traded in the period.
**Ends**
For further information please visit https://twoshields.co.uk/
or contact:
Charlie Wood Two Shields Investments Plc +44 (0)207 236 1177
Spark Advisory Partners Limited
Neil Baldwin/Andrew Emmott (Nominated Adviser) +44(0)203 368 3554
Nick Emerson SI Capital Ltd (Broker) +44 (0)1483 413500
Frank Buhagiar/Gaby Jenner St Brides Partners Ltd +44 (0)207 236 1177
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.
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END
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