DGAP-News: Information about the name change of Yalta AG into Basic Resources AG
(firmenpresse) - DGAP-News: Basic Resources AG / Key word(s): Strategic Company
Decision
Information about the name change of Yalta AG into Basic Resources AG
25.03.2011 / 13:26
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At the last general meeting of Yalta AG on 25th October 2010, the name
change of Yalta AG into Basic Resources AG (TSX: A0JC0X) was decided.
Detailed reasons for this step were given at the meeting. The name change
has now been registered in the Commercial Register.
As requested by individual shareholders, who could not attend the annual
general meeting on 25th October 2010, we here like to take up the arguments
for the focus and name change again.
The focus of Yalta AG was in advising companies from emerging markets in
terms of capital raising, preparation and IPOs, help in finding cooperation
partners and advice on corporate communications (marketing,
self-presentation, corporate news). In addition, Yalta AG also invested
some of their equity in these companies. Companies in fields of raw
materials and energy are particularly important in emerging markets. After
many countries in the emerging markets have expanded over natural
resources, which now form a strong driving force.
Globalization of markets, coupled with the extensive opening of most
countries for foreign investors, has set enormous capital flows in motion.
These are accompanied by an unprecedented know-how transfer. The result is
a sustainable growth in the populous countries of Asia and Latin America,
as well as already in some countries of Africa. Today more than 4 billion
of nearly 7 billion people worldwide live in these rapidly growing
economies. And growth means an increasing demand for energy and raw
materials. This gives the resource sector a new strategic importance in
business and politics. Rising commodity prices now dominate the discussions
in these circles, but also increasingly in the investment community.
Many engagements and contacts of Yalta AG are based on companies in this
sector. Yalta AG has established a broad network here. The Management and
Supervisory Board have decided to focus on this sector to make their own
services more efficiently. This has been documented with the name change to
Basic Resources AG. Particularly in light of the international relations of
the society the english form of the name was chosen to put across the
concept for contact partners from other linguistic areas.
Basic Resources AG is currently creating a permanent team of consultants
who can be involved for advice depending on the commodity segment. Through
the capital increase
in 2010 first commitments in promising small resource companies were
received, which are likely to result from a variety of service activities
by our company. Beyond that, integrated concepts are already starting to
bear fruit, in one part to participate of interesting projects, of the
other to use resulting additional contacts for other business areas of
Basic Resources AG and its subsidiary YALTA advisory GmbH, which are:
- Listing advice
- M&A
- Corporate Structuring
- Investors Relations
Thereby, as already reported, it was able to conclude appropriate
consulting contracts for a listing on the Frankfurt Stock Exchange with the
exploration company Auris AG from Switzerland by YALTA advisory GmbH. The
listing is imminent. Auris AG could safe huge license areas of approx.325,000 hectares in the world's known gold belt back in eastern Congo. We
are located in negotiations with other companies in areas of raw materials
and energy regarding listings.
Meanwhile, the question of securing raw materials has also been brought up
by the current federal government. Similarly, the members of the Federation
of German Industries (BDI) and other business organizations have become
alarmed about the future raw material supply for the German economy. Basic
Resources AG has therefore also set itself the target of providing its
know-how and contacts available for German companies. First contacts were
taken already.
The Board
Frankfurt am Main, 24.3.2011
Disclaimer:
This document was prepared by Basic Resources AG. The opinions stated
herein are those of Basic Resources AG at the time of publication and are
subject to change at any time. The document is only for the purpose of
information and use by its recipient. It is neither an offer nor an
invitation to purchase or sell Basic Resources AG shares. A reference to
the performance of the past shall not be understood as an indication of
future developments. The information and analysis contained in this
publication have been compiled from sources that are deemed to be reliable.
However, Basic Resources AG gives no guarantee with regard to their
reliability and completeness and rejects any claim for damages that may be
the result of use of this information.
End of Corporate News
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117056 25.03.2011
Datum: 25.03.2011 - 13:26 Uhr
Sprache: Deutsch
News-ID 33594
Anzahl Zeichen: 0
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Kategorie:
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