Paragon Resources PLC
Paragon Resources plc is a mining and natural resources sector previously trading on the Alternative Investment Market (“AIM”) of the London Stock Exchange. The Exchange Price Information Code (EPIC) is PAR. Paragon Resources plc is planning to re-list on AIM in the near future
The Directors intend initially to seek to acquire a direct and/or an indirect interest in projects and assets in the mining and natural sector. The Company will focus on opportunities in Africa and Asia but will also consider, on a limited basis, possible opportunities anywhere in the world.
The Company may invest by way of purchasing quoted or unquoted shares in appropriate companies, outright acquisition or by the acquisition of assets, including the intellectual property, of a relevant business, or by entering into partnerships or joint venture arrangements or by providing loan funding. Such investments may result in the Company acquiring the whole or part of a company or project (which in the case of an investment in a company may be private or listed on a stock exchange, and which may be pre-revenue), and such investments may constitute a minority stake in the company or project in question. The Company will not have an external investment manager, and investment decisions will be made by the Directors after receiving appropriate professional advice.
The Company may be both an active and a passive investor depending on the nature of the individual investments. Although the Company intends to be a medium to long-term investor, the Directors will place no minimum or maximum limit on the length of time that any investment may be held and therefore shorter term disposal of any investments cannot be ruled out.
Investments may be in all types of assets and there will be no investment restrictions within the overall policy.
The Company will require additional funding as investments are made and new opportunities arise. The Directors may offer new Ordinary Shares by way of consideration as well as cash, thereby helping to preserve the Company’s cash resources for working capital. The Company may in appropriate circumstances, issue debt securities or otherwise borrow money to complete an investment.
10 March 20162016 Company Update
22 June 20152015 EGM Update
29 May 20152015 EGM Circular
29 May 2015EGM Form of Proxy
27 May 2015AGM Update
01 May 2015Notice of Annual General Meeting
01 May 2015AGM Proxy Form
12 March 2015Company Update
02 October 2014Beveridge Resignation
22 September 2014Investing Strategy Update