Published Thursday 15th, December 2005.
Article Category: Announcements
SummaryThe results for Ragusa Capital Plc (the ‘Company’) reflect the six month period ended 30 September 2005.
As stated in the AIM admission document, the board believes that potential opportunities lie in the natural resources sector.
When the Company announced its results for the period ended 31 March 2005, it announced it had identified a potential acquisition opportunity within the oil sector.
The Company further announced that the board was uncertain whether the parties would be able to reach agreement on revised terms, which the board felt were necessary as a result of certain matters that came to light during the due diligence process.
This has proved to be the case and discussions with this party have now broken