Effective 1 December 2008 the Company, which was formerly known as KimCor Diamonds plc, sold its diamond and industrial operations to Belmont Mining Limited by way of a sale of all of the shares in certain subsidiaries to Belmont.

As a result, the Company became an investing company pursuant to Rule 15 of the AIM Rules. The Company's investing strategy, as approved by its shareholders in general meeting, will be to acquire minority or controlling interests in a number of privately-held or publically listed resource projects in Africa. It is proposed that the projects in which the Company invests will not be limited to any single resource.

The Company has put in place a cash preservation strategy to minimize expenditure in the current depressed global economic climate. Concurrently, the directors of the Company, all of whom have experience in operating and investing in resource projects in Africa are in the process of considering and evaluating various opportunities with a view to identifying and pursuing new businesses with the potential to add value for shareholders.