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Path Investments Plc
25% fixed discount to IPO price by way of Convertible Loan Stock, with mandatory conversion at IPO into ordinary shares of the company.
Investment closes only once the total pledged amount passes the minimum of £10,000
A pledge is not a commitment. You will be asked to confirm in the next section.
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In Dec 2017 Path suspended the listing of their Shares in order to effect a proposed transaction in acquiring a 50% participating interest in a producing gas field. Path however, gave notice for its withdrawal from this proposed agreement in Nov 2018, due to the inability to reach an agreement with vendors relating to transaction structure and timing.
The Company has remained focused on acquiring producing or near producing assets which will provide the Company’s shareholders with access to, over time, a diversified portfolio of assets, offering a dividend stream as well as development potential for capital growth.
The proposed Acquisition meets these criteria, bringing 75% ownership of a tourmaline and high purity manganese ore (as used in EV batteries) mining licence in Zambia, a well-established mining jurisdiction allowing for rapid deployment of capital with attractive risk adjusted returns and potentially short payback periods for shareholders.
The Company announced on 19th August 2019 the intended purchase of FineGems Extraction Corporation (FGE) and the signing of an SPA and have filed a draft Prospectus with the FCA. The Company is focused on completing the proposed acquisition which the Directors believe is in accordance with the Company’s stated corporate strategy. On completion of this Proposed Transaction Path aims to re-admission its shares to trading on the London Stock Exchange.
The Directors believe that the stepwise approach being adopted to a very high value, high margin, low capital expenditure opportunity presents multiple upsides, both from the current licence and from growth in the portfolio and creates exposure to growth of the middle classes in Asia, in particular of India and China. This phased investment sequence reduces risk and the time to first dividend declaration.
The Directors believe they are following a superior business model to industry peers due to the Company’s focus on smaller mines, lower capital expenditure, higher margins and faster paybacks.
Investment Focus: Equity, Debt, Property, Secondary Market (i.e. buying shares from existing shareholders), and Cryptocurrency
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Type: Investor Network
Contact Name: Dominic Berger
Date established: November 1998
Date Joined Envestry: April 2019
Registered InvestorsOver 1000
Investment through platformUp to £1m