18th Jan 2012 08:20
Zoltav Resources Inc
("Zoltav" or the "Company")
Sale of certain investments
Zoltav, the AIM listed company focused on acquiring and developing natural resource assets, initially in the Former Soviet Union, announces that, in order to realise investment gains, the Company has sold its holdings in the following companies:
Company | Instrument | Funds realised from sale of securities |
Rosneft OJSC | GDRs | US$ 271,994.76 |
Gazprom | Sponsored ADRs | US$ 259,997.63 |
Lukoil OAO | ADRs | US$ 165,892.39 |
The proceeds of these investment sales will be used to fund future investments and for general working capital purposes. Following these realisations the Company holds investments in three natural resources companies. The Company continues to actively manage its portfolio in accordance with its investing policy.
Further information relating to Zoltav can be found at the Company's website: http://zoltav.com/
Enquiries:
Zoltav Resources Inc | Tel. +41 (0)22 338 2774 |
Symon Drake-Brockman, Executive Chairman | |
Kati Watson, Company Secretary | |
Shore Capital | Tel. +44 (0)20 7408 4090 |
Pascal Keane / Toby Gibbs - Corporate Finance | |
Jerry Keen - Corporate Broking | |
Pelham Bell Pottinger | Tel. +44 (0)20 7861 3232 |
James Henderson / Mark Antelme / Lorna Spears |
Related Shares:
ZOL.L