Treveria sold off its old property portfolio and gave cash back to shareholders but the listed company is still around and is being transformed into something else – it looks as though this will have something to do with the resources sector.
Treveria has appointed Allenby Capital and Peterhouse Corporate Finance as joint-brokers. Peterhouse Corporate Finance has conditionally raised EUR520,902 (before expenses) through the placing of 520,902,740 new ordinary shares of no par value each in the Company at a price of EUR0.001 per share. Then they are issuing one warrant for every two ordinary shares subscribed for in the placing, or a total of 260,451,370 warrants. The Placee Warrants may be exercised at any time within 12 months of Admission and shall entitle the Placees to subscribe for one new Ordinary Share for each Placing Warrant held which are exercisable at the Placing Price. In addition, Treveria is issuing Peterhouse a warrant instrument for work in relation to the restructuring of the Company which is exercisable over 3% of the Company’s issued share capital from time to time at the Placing Price, for a period of up to 1 year from Admission.
David Malpica has resigned as a non-executive director of the Company with immediate effect. At the same time, Cameron Pearce has been appointed to the Board of Directors, as Non-Executive Chairman, with immediate effect.
Cameron William Leslie Pearce (aged 43) has extensive professional experience in the financial services industry in both Australia and the United Kingdom. In recent times, he has provided corporate, strategic, financial and advisory assistance to private and public companies in Australia and the United Kingdom. Mr Pearce is a member of the Australian Institute of Chartered Accountants and has been in commerce over fifteen years, holding senior financial and management positions in both publically listed and private enterprises in Australia, Europe, Asia, Africa and Central America. Mr Pearce has considerable corporate and international expertise and over the past decade has focused on mining and exploration activities. Mr Pearce is currently non-executive chairman at CEB Resources plc and non-executive director at Stallion Resources plc, both AIM-quoted companies.
TRV : Treveria raises new cash, appoints Chairman and new Brokers