RiverFort Global Opportunities PLC Warrant Update (2912V)
August 06 2020 - 2:00AM
UK Regulatory
TIDMRGO
RNS Number : 2912V
RiverFort Global Opportunities PLC
06 August 2020
6 August 2020
RiverFort Global Opportunities plc
("RGO" or the "Company")
Warrant update
As part of its overall strategy when making investments, RGO
will seek warrants or their equivalent which can increase
significantly the return that it is able to achieve from its
investments . During Q2 2020, the Company exercised warrants in
Eqtec plc with the shares then being sold at a price some 92%
higher than the exercise price, resulting in an additional return
to the Company of over GBP90,000.
As at 31 July 2020, the Company's warrant portfolio included
warrants in 23 different companies, including warrants granted as
part of the recent transaction with Tanzanian Gold Corporation to
help fund this company's significant increase in production
capacity. The warrant portfolio includes warrants that have been
issued by the following companies whose share prices have increased
by the percentages shown since the beginning of the year: Whitehawk
Limited (49%), Artemis Resources Limited (231%), Tanzania Gold
Corporation (50%) and Canadian Overseas Petroleum Limited (442%).
Currently, 39% of the warrant positions held are in the money,
however, due to the inherent volatility associated with this form
of instrument, the potential value of this warrant portfolio is not
fully reflected in the Company's net asset value and a return is
only crystallised when the respective warrants are exercised and
resulting shares sold.
Phillip Haydn-Slater, Non-executive Chairman commented:
"Given the current volatility of markets, we believe that our
warrant portfolio offers significant scope to enhance the returns
from our investment portfolio."
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
For more information please contact:
RiverFort Global Opportunities
plc +44 20 3368 8978
Phillip Haydn-Slater,
Non-executive Chairman
-----------------
Nominated Adviser +44 20 7628 3396
-----------------
Beaumont Cornish
-----------------
Roland Cornish/Felicity
Geidt
-----------------
Joint Broker +44 20 7186 9950
-----------------
Shard Capital Partners
LLP
-----------------
Damon Heath/ Erik Woolgar
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Joint Broker +44 20 7562 3351
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Peterhouse Capital Limited
-----------------
Lucy Williams
-----------------
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END
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