26Jan 2017

Paul Johnson CEO (LON:CAF) China Africa Resources PLC

 

Share Talk caught up with Paul Johnson to talk about his new appointment as company CEO of China Africa Resources. He gives a overview covering LON:CAF current market updates and what share holders can expect in the coming months.

The company’s focus will be on opportunities in the energy metals and minerals space, with a particular focus on Uranium, Lithium, Cobalt, Copper and Coal commodities though other opportunities outside this focus may be considered if they are sufficiently attractive and offer material upside potential for shareholders.

The full announcement can be read here: http://www.investegate.co.uk/china-africa-res-plc–caf-/rns/result-of-gm/201612141311458593R/ 

The company now becomes a Rule 15 investing ‘cash shell’ and the Board is working to assess a range of projects with a view to concluding a reverse takeover transaction at the earliest opportunity, in line with AIM rules.

For readers wishing to learn more about AIM rules relating to reverse takeovers we would suggest a review of the AIM Rules for Companies handbook (July 2016) which can be accessed through the following link:

http://www.lseg.com/sites/default/files/content/documents/aim/AIM_Rules_for_Companies_July16.pdf

 In the process of becoming a Rule 15 cash shell the Company stated an investing policy within the circular of 21 November 2016 and this investing policy is reproduced at the bottom of this announcement and can be viewed directly on the Company website through the following link:

http://www.chinaafricares.com/about-us/investing-policy1 

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