Friday, 15 October 2010

'An important component of the Mauritius Kestrel conservation program has been ...'

CH 22 : 408 - AUGMENTING WILD POPULATIONS AND FOOD RESOURCES ...
In the case of the Mauritius Kestrel, eggs, nestlings and recently fledged ... An important component of the Mauritius Kestrel conservation program has been ...
raptors.hancockwildlife.org/staticpages/index.php?page=pg...


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Jean-Raymond Boulle Corporations
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Tuesday, 12 October 2010

AGOA : 'US is key in promoting Gambia textile market'

http://www.africanmanager.com/site_eng/detail_article.php?art_id=15649
African Manager
Gregg said this at the Africa Growth and Opportunity Act (AGOA) trade seminar, organised here by the US Embassy in Banjul and the West Africa Trade Hub ... ____________________________

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Thursday, 7 October 2010

Titanium Resources Group "TRG" : 'Successful resolution of dispute with Government of Sierra Leone'

7 October 2010: Titanium Resources Group (“TRG” or the “Company”) is pleased to announce that it has reached an agreement in principle (the “Agreement”) to resolve the dispute between its subsidiary, Sierra Rutile Limited (“SRL”), and the Government of Sierra Leone (“GOSL or “Government”) which related to funds loaned by the GOSL to SRL. 

  Under the terms of the Agreement, the Government will invest £13.6 million (EUR15.6 million*) of the SRL Loan into approximately 113.7 million new ordinary shares at an issue price of 12 pence per share, a 60% premium to TRG’s closing share price on 6 October 2010.  Upon issue of these new ordinary shares, GOSL will own 22.8% of the Company’s enlarged issued share capital.  The outstanding debt and accrued interest due to GOSL as at today’s date will fall from EUR36.9 million to EUR21.3 million (c.£18.6 million*), a 42.3% reduction (*based on a GBP:EUR exchange rate of 1.143 on 6 October 2010). 

  John Bonoh Sisay, Chief Executive Officer, said:

  “The Company wishes to thank the Government of Sierra Leone for its positive approach in resolving this matter quickly and amicably.  This Agreement strengthens our partnership with the Government and ensures we are fully aligned in developing a strong SRL.  The Company can now focus its efforts on expanding production and developing its assets towards their considerable potential.”

  On August 20, 2010, the Company announced that SRL and the GOSL were in a dispute over certain interest payments due to the GOSL on a loan made by the GOSL to SRL (“the SRL Loan”).  Discussions between SRL, TRG, TRG’s largest shareholder, Pala Investments Holdings Limited (“Pala”), and the GOSL have successfully resolved the matter, subject to the completion and signing of definitive documentation.

  Definitive documentation is expected to be executed in the course of the next few weeks, at which time, the new shares will be issued to the GOSL and any actual or alleged events of default under the SRL Loan will be cured and the SRL Loan will be in good standing. 

  On issue of the new ordinary shares, the GOSL and Pala will be the Company’s largest shareholders, holding approximately 22.8% and 23.0% of the Company’s shares respectively.  Admission to trading of the new ordinary shares on AIM will be sought immediately after issue.  The Government’s shareholding rights in SRL are unaffected by this Agreement.

  Further announcements will be made as appropriate.

  ENDS

 

For further information:

 

Titanium Resources Group

Wayne Malouf, Executive Chairman

John Sisay, Chief Executive

Tel: +44 (0) 20 7321 0000

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Thursday, 30 September 2010

Titanium Resources Group Ltd : Appointment of Non-Executive Directors

Titanium Resources Group Ltd

Appointment of Non-Executive Directors

30 September 2010: The Board of Titanium Resources Group Ltd (“TRG” or “the Company”) is pleased to announce that it yesterday appointed Jan Castro and Michael Barton as Non-Executive Directors of the Company with immediate effect.

Jan Castro

Mr. Castro is the Managing Director of Pala Investments AG, the exclusive advisor to Pala Investments Holdings Limited, a US$ 1.0 billion investment company focused on the mining and natural resources sector. As a long-term partner, Pala leverages its extensive mining and natural resources sector experience to provide strategic advice and innovative financing solutions.

Prior to founding Pala in July 2006, Mr. Castro was Senior Vice President of Investments and Corporate Affairs for Mechel OAO, where his primary responsibilities covered mergers and acquisitions, non-core asset disposals and investor and public relations.  Mechel is a NYSE-listed company and one of Russia's largest integrated mining and steel companies, focused on coal, iron ore, nickel and steel products, Mr. Castro was responsible for Mechel's IPO in 2004.

Mr. Castro currently serves on the Boards of Anatolia Minerals Development Ltd, Avoca Resources Limited, Churchill Mining PLC and several private companies.

Mr. Castro received his J.D. and B.A. from Columbia University.

Michael Barton

Mr. Barton is a finance professional who has worked in the natural resources sector for the duration of his career.  He is currently Vice President at Pala Investments AG, the exclusive advisor to Pala Investments Holdings Limited, and prior to that was Vice President at Hatch Corporate Finance, a company specializing in providing corporate finance advisory services to the metals and mining industry.  Mr. Barton currently serves on the boards of Dumas Contracting Ltd., Norcast Wear Solutions Limited and New Birmingham Inc. 

Mr. Barton is a qualified chartered accountant and a member of the Securities and Investment Institute.

Wayne Malouf, Executive Chairman, said:

“On behalf of my fellow directors I am delighted to welcome Jan Castro and Mike Barton to the Board of TRG.  Their significant experience in the natural resources sector strengthens the Company, and we look forward to working with them to realize the full potential of TRG’s world-class asset.”

 

ENDS

For further information:

 

Titanium Resources Group

Wayne Malouf, Executive Chairman

John Sisay, Chief Executive

Tel: +44 (0) 20 7321 0000

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Jean-Raymond Boulle Corporations
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Jean-Raymond Boulle The Success of AGOA

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