Nyota Minerals Limited Update on potential acquisition
January 19 2017 - 3:00AM
RNS Non-Regulatory
TIDMNYO
Nyota Minerals Limited
19 January 2017
For immediate release
19 January 2017
Nyota Minerals Limited
Update on potential acquisition - Big Dish Indonesian
expansion
Bigdish Ventures Limited ("BigDish")
On 15 November 2016, the Company announced the potential
acquisition of Bigdish Ventures Limited which would, should it
proceed, amount to a Reverse Takeover under the AIM Rules and a
back-door listing for the purposes of the ASX Listing Rules. The
Company continues its process of preparing the documentation
necessary for the Company's shareholders to consider the proposed
acquisition of BigDish.
The Company has been advised that BigDish will formally launch
in Jakarta, Indonesia in February 2017. By the end of February 2017
BigDish will be operating in three countries - the Republic of the
Philippines, Hong Kong and Indonesia. BigDish's Indonesian
operation is led by Estee Hamid, who was appointed in late 2016.
Estee is supported by an experienced local team. Estee is a digital
marketing executive, having previously worked for Asia's largest
price comparison site, Compare Asia Group and Qraved, Indonesia's
leading restaurant discovery site. Estee holds a Bachelor's degree
in Communication and Media Studies from Lasalle College of Arts,
Singapore.
Joost Boer, the Chief Executive Officer of BigDish, commented
that "BigDish is delighted to be able to continue its expansion
into Indonesia which is an exciting market with a fast growing
consumer driven economy. We have a growing team in Jakarta and with
Estee's track record in digital marketing, where she grew the
traffic of a local restaurant discovery site to the largest in the
country, we have high hopes for BigDish' success in Indonesia".
For further information about BigDish please visit
www.bigdish.com or www.facebook.com/bigdishPH or @bigdishIR.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 956/2014.
For further information please visit www.nyotaminerals.com or
contact:
Chairman, Nyota Minerals
Jonathan Morley-Kirk Limited +44 7797 859986
====================== ========================== ================
Beaumont Cornish
Michael Cornish Limited +44 (0) 207 628
James Biddle Nominated Advisor 3396
====================== ========================== ================
Rupert Williams Smaller Company Capital +44 (0) 20 3651
Jeremy Woodgate Limited 2912
====================== ========================== ================
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
NRAEAPFNFFEXEEF
(END) Dow Jones Newswires
January 19, 2017 04:00 ET (09:00 GMT)
Nyota Minerals (LSE:NYO)
Historical Stock Chart
From Apr 2024 to May 2024
Nyota Minerals (LSE:NYO)
Historical Stock Chart
From May 2023 to May 2024