cynic
- 10 Apr 2007 12:24
Company joined AIM 18/01/07 ...... below is an extract from their web site www.bramlin.com
"Has been established for the purpose of making investments and/or acquisitions in the energy, mineral or mining sectors, which may include projects in the hydrocarbons, base metals and minerals sectors ......... The Company will initially focus on opportunities in South America, Africa, Indonesia and Southeast Asia where the Directors believe that a number of opportunities exist to acquire interests in suitable projects."
HARRYCAT
- 12 Dec 2007 15:16
- 18 of 18
RNS issued 22/11/07
LONDON (Thomson Financial) -" Bramlin Ltd said it has conditionally agreed to buy Rodeo Development Ltd (RDL), in a reverse takeover, for a total of about 118.14 mln shares plus 631,000 usd via cash and a loan note.
Bramlin added that it is not appropriate to raise additional funds at this time as the enlarged group has enough working capital to meet its developmental obligations.
It also said it will not be in a position to declare a dividend in the short to medium term.
Vendors of RDL are Rachael S Grynberg, Stephen M Grynberg, Miriam Z Grynberg, Rodeo Resources LP, Victoria Oil and Gas PLC, Jim Ford, William Kelleher and Kevin Foo. Foo is non-executive chairman of Bramlin.
Bramlin added that RDL has farmed into 60 pct of the Concession relating to the Logbaba Gas Field in Cameroon, and proved plus probable net reserves attributed to RDL through this holding are 65.87 bln cubic feet which will earn RDL 192.06 mln usd before taxes."
Followed by news 10/12/07
"Application has been made to the London Stock Exchange for admission of the
Enlarged Issued Share Capital to trading on AIM. It is expected that Admission
will become effective and that dealings will commence in the Enlarged Issued
Share Capital on 11 December 2007.
Following the issue of these shares, the Company's issued share capital will
consist of 132,853,976 ordinary shares of 1p each, with voting rights. The
Company does not hold any Ordinary Shares in Treasury."