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BSX Announces The Listing Of The Shares Of Pallinghurst Resources (Guernsey) Limited
Hamilton, Bermuda: 27 September 2007 - The Listing Committee of the Bermuda Stock Exchange (BSX) today announced the approval of the listing of the Shares of Pallinghurst Resources (Guernsey) Limited ("the Company"), of the total authorised Share capital of the company, which is 999,000 Shares at US$0.01 each.
The listing is effective as of the 21 September 2007.
The Company will maintain a global focus across the commodities spectrum, with a primary focus on underperforming assets, businesses that lack direction, are poorly managed, stranded or distressed. The Investment Manager, on behalf of the Company, will seek to develop strategic platforms in pursuit of consolidation, vertical integration and turn-around opportunities as well as expansion projects. The Company will target Investments in businesses that hold mines, smelters, refineries and processing plants with a strong preference for brown-fields opportunities, although Investments in businesses with attractive development opportunities will be considered.
Appleby Securities (Bermuda) Limited sponsored the listing of the Shares of Pallinghurst Resources (Guernsey) Limited.
Greg Wojciechowski, President & CEO of the BSX stated: "We are delighted to welcome Pallinghurst Resources Limited to the Official List of the BSX. Pallinghurst Resources join a prestigious group of domestic and international companies and funds that have listed on the BSX."
"Appleby Securities is very pleased to have been chosen as sponsors to Pallinghurst Resources" said Tom Crickett of Appleby Securities (Bermuda) Ltd.
For further information on Pallinghurst Resources (Guernsey) Limited contact Martin
Tolcher at +44 1481 732 178 or Tolcher@legisgroup.com