Sport Capital Group Plc Update re. Investment
October 29 2019 - 11:35AM
UK Regulatory
TIDMSCG
THIS ANNOUNCEMENT IS NOT DEEMED BY SPORT CAPITAL GROUP PLC TO CONSTITUTE INSIDE
INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014,
AS AMENDED ("MAR"), OWING TO THE PRIOR PUBLICATION BY OTHER PARTIES OF THE
SUBSTANTIVE INTELLIGENCE CONTAINED WITHIN IT.
Sport Capital Group PLC
("Sport Capital Group" or the "Company")
Update re. Investment
Sport Capital Group has made successive investments in Kalahari Key Metals
Exploration (Pty) Limited ("KKME") https://www.kalaharikey.co.uk/, a minerals
exploration company which explores in Botswana for nickel ("Ni.") and platinum
group elements ("PGE"). KKME holds three prospecting licences within the Molopo
Farms Complex, a large intrusion with proven potential for Ni. and PGE that
straddles the border of Botswana and the Republic of South Africa.
Consistent with the Directors' policy of updating shareholders on developments
affecting its investments, the Company draws attention to a regulatory news
service announcement https://www.londonstockexchange.com/exchange/news/
market-news/market-news-detail/POW/14283790.html concerning KKME issued today,
29th October 2019, by Power Metal Resources plc ("POW", London) https://
www.powermetalresources.com/, the prospective joint-venture partner and a
significant shareholder of KKME, concerning progress on further exploring and
quantifying potential massive zinc sulphides in five areas of the Molopo Farms
Complex licence topography. The target areas were identified as a result of the
interpretation by Spectral Geophysics in Gabarone of the ground-based,
electro-magnetic ("EM") geophysics project conducted in August of this year on
certain areas of the Molopo Farms Complex. Sport Capital Group shareholders'
attention was drawn on 4th October 2019 to the Spectral Geophysics'
interpretation work.
Future developments of significance concerning this and other current
investments will be brought to shareholders' attention as and when the
Directors become aware of them.
Simon Grant-Rennick,
Chairman,
Sport Capital Group plc,
29th October 2019
This announcement has been made after due and careful enquiry; the Directors of
Sport Capital Group plc accept responsibility for the content.
Enquiries:
Sport Capital Group plc:
Simon Grant-Rennick: +44 (0) 797 325 3124; sgrelk7@gmail.com
Keith, Bayley, Rogers & Co. Limited:
Graham Atthill-Beck: +44 (0) 20 7464 4091; +971 (0) 50 856 9408;
Graham.Atthill-Beck@kbrl.co.uk
Brinsley Holman: +44 (0) 20 7464 4098; Brinsley.Holman@kbrl.co.uk
END
(END) Dow Jones Newswires
October 29, 2019 11:35 ET (15:35 GMT)