TORONTO, Sept. 2, 2011 /CNW/ - Pala Investments Holdings Limited
("PIHL") announced today that during the period from October 25, 2010
to September 1, 2011, it reduced its investment in Neo Material
Technologies Inc. through the sale of Neo shares.
PIHL now owns and controls 11,931,450 Neo common shares representing
9.94% of Neo's outstanding common shares. The Neo common shares were
sold in the ordinary course through the Toronto Stock Exchange.
PIHL holds the Neo common shares for investment purposes and may
increase or decrease the investment in the ordinary shares depending
upon future market conditions.
PIHL's address is 12 Castle Street, St. Helier, Jersey JE2 3RT. For
further information please refer to the Early Warning Report posted on
SEDAR or contact Colin Murray at 011 41 41 560 9070.
Pala Investments Holdings Limited is a multi-strategy investment company
dedicated to investing in, and creating value across, the mining sector
in both developed and emerging markets. Pala Investments' exclusive
investment advisor, Pala Investments AG, has extensive experience
within the mining sector. Pala Investments seeks to assist companies in
which it has long-term shareholdings by providing strategic advice and
innovative financing solutions. For more information, visit www.pala.com.
Certain statements in the press release are forward-looking statements
and are prospective in nature, including statements with respect to
Pala's future intentions regarding the securities of Elemental that it
owns. Forward-looking statements are not based on historical facts, but
rather on current expectations and projections about future events, and
are therefore subject to risks and uncertainties which could cause
actual results to differ materially from the future results expressed
or implied by the forward-looking statements. These statements
generally can be identified by the use of forward-looking words such as
"may", "should", "will", "could", "intend", "estimate", "plan",
"anticipate", "expect", "believe" or "continue", or the negative
thereof or similar variations. Such statements are qualified in their
entirety by the inherent risks and uncertainties surrounding future
expectations. Such forward-looking statements should therefore be
construed in light of such factors, and Pala is not under any
obligation, and expressly disclaims any intention or obligation, to
update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.
SOURCE Pala Investments Holdings Limited
For further information:
Colin Murray at 011 41 41 560 9070