Blencowe Resources plc (“the Company”) was formed to undertake an acquisition of a target company or business in the natural resources sector.
The Company’s efforts in identifying a prospective target company or business will not be limited to a particular industry or geographic region. However, given the experience of the Directors, the Company expects to focus on acquiring an exploration or production company or business in the natural resources sector with either all or a substantial portion of its operations in South East Asia, Africa, and the Middle East.
In assessing the potential Acquisition, the Board will pay particular attention to the following overriding factors:
- the existence of production providing cash flow for the business;
- strong exploration potential in known natural resources producing areas;
- the quality of the management; and
- an established track record of developing natural resources assets.
The Directors will be responsible for procuring investment and acquisition opportunities to be considered by the Company. The Company has recruited a Board it believes is well suited for the purposes of implementing its business strategy mixing a strong track record of growing diversified business groups in both the natural resources sector and financial sector (including, inter alia, the mining, oil and gas, energy, and corporate finance sectors), considerable public company experience and a wide network of global contacts.
The Directors believe that their broad, collective experience, together with their extensive network of contacts, will assist them in identifying, evaluating and funding suitable acquisition opportunities.