Share Talk Ltd

Zak Mir talks to Ippolito Cattaneo, CEO of Ajax Resources, as the natural resources investment company announced that it has signed a Heads of Terms to acquire 100% of the issued share capital of Pereira Velho Exploração S.A. (“PVESA”), a Brazilian company that owns the Pereira Velho Gold Project in Alagoas State, Brazil. PVESA is wholly owned by entities affiliated with Appian Capital Advisory Limited. Appian holds approximately US$5 billion in assets under management, making it one of the world’s largest dedicated mining-focused private equity groups. Under the Heads of Terms, Appian has agreed to subscribe for the GBP equivalent of US$400,000 in new Ajax ordinary shares, as part of a £1m fundraise. Ippolito Ingo Cattaneo, Chief Executive Officer of Ajax, commented: "We are delighted that Appian, a leading global private equity investor with approximately US$5 billion in assets under management investing exclusively in metals, mining and related natural-resource companies, will become a significant shar