Equity Resources plc

November 23, 2010 07:35 ET

Net asset value as at 22 November 2010


                                       Equity Resources plc
                                          (the "Company")

                              Net asset value as at 22 November 2010

Net asset value as at 22 November 2010

During the course of the past month there has been a further significant rise in the market prices
of  the Company's two investments, Regency Mines plc and Red Rock Resources plc, such that at  the
close  of business on 22 November 2010, the Company's net asset value using the closing bid prices
was  3.18  pence per share, fully diluted for directors' outstanding share options  and  founders'
outstanding  warrants; the outstanding options and warrants total 27,450,000 representing  57%  of
the shares in issue.

The  Company's  closing  mid share price on 22 November 2010 of 1.475 pence  per  share  is  at  a
discount of 115% to the net asset value.

The Directors of Equity Resources plc accept responsibility for this announcement.

Equity Resources plc                   Tel: 01483 771992
John Watkins, Chairman                 Email: john@equityresources.co.uk

St Helens Capital Partners LLP         Tel: 020 7368 6959
Corporate Adviser                      Email: duncanvasey@sthcp.com
Duncan Vasey                           


Contact Information

  • Equity Resources plc