News blog
Directex Realisations / Woodburne Square Ag
- BY: Andrew Hore |
- POSTED: 17/11/2010 |
Tom Winnifrith is being appointed as chief investment officer of Directex Realisations as part of its transformation into an investment company focused on silver and other precious metals.
The appointment of the manager of the SF t1ps Smaller Companies Gold Fund is subject to contract. Management company t1ps Investment Management (IoM) Limited will receive a fee equivalent to 15% of the increase in the company’s net asset value each.
Rivington Street Corporate Finance, which like the investment management company is owned by Plus-quoted Rivington Street Holdings, has been appointed broker.
The new strategy is based on the belief that silver is undervalued in comparison with gold. The focus will be on companies quoted in Canada, Australia and the UK.
Directex is changing its name to Woodburne Square Ag.
Nick Lander is stepping down as a director and Angel Mining chief executive Nicholas Hall is joining the board.
Download the November edition of AIM Journal at http://www.hubinvest.com/AIMPDFNovember2010_14.pdf
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