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Shefa Gems Ltd - Notice of AGM

RNS Number : 6928Q
Shefa Gems Ltd
23 June 2020
 

B"H

23 June 2020

 

Shefa Gems Ltd.

 

("Shefa Gems" or the "Company")

 

Notice of AGM

 

Shefa Gems (LSE: SEFA), a company focused on advanced exploration and development of multi-gemstone projects in Northern Israel, gives notice that the Annual General Meeting ("AGM" or the "Meeting") of the Company is to be held at the Company's headquarters in 90 Herzel St. Natanya, Israel on Wednesday, 5 August 2020 at 11.00 a.m. (B.S.T.).

The Notice of AGM circular, which includes information on the resolutions to be considered at the Meeting will be available to the public from its date of publication until the date of the AGM on the Company's website: https://www.shefagems.com/agm-notice-for-august-5-2020

 

- Ends -

Enquiries

 

Shefa Gems Ltd


Michael Rosenberg, OBE - Chairman 

www.shefagems.com

+44 7785727595



VSA Capital Limited - Financial Adviser


Andrew Raca, Pascal Wiese

+44 20 3005 5000



SI Capital Limited - Broker


Nick Emerson and Jon Levinson

+44 20 3871 4038 / +44 1483 413500



 

Notes to Editors

About Shefa Gems Ltd

 

Shefa Gems Ltd (LSE: SEFA) is an explorer and developer of precious gems deposits operating in Northern Israel. Exploration activity is managed by professionally skilled and technically competent personnel and is accompanied by an international team of geological experts. All exploration activities are conducted under international standards and the internationally recognized SAMREC 2016 Code.

 

The Company holds three permits, granted to it by the Commissioner of Mines at the Ministry of Energy, Natural Resources AdministrationIsrael, extend over an area of approximately 488,366 Dunams (48,836 hectares) that includes the Kishon River, the volcanic bodies on Mount Carmel, the Zevulun and Yizre'el valleys and their margins.

 

Shefa Gems has established a "Source to Sink" geological model and the presence of a Target Mineral Assemblage of gemstones ("TMA Suite") in both primary volcanic sources and in secondary alluvial deposits lying within the Kishon catchment, on Mount Carmel and in the Zevulun and Yizre'el valleys and their margins. The TMA suite comprises Precious Stones (Diamond, rare natural moissanite, sapphire, ruby, Carmel Sapphire™, garnet, hibonite, spinel, ilmenite) and heavy minerals including zircon and rutile.

 

On March 2020, the Quarries and Mines Branch of the Ministry of National Infrastructures of the State of Israel has awarded a Certificate of Discovery to the Company covering the projected gemstone mine development in the Kishon Mid Reach, Zones 1 and 2. The Certificate of  Discovery is the culmination of the Company's successful exploration activities and market analysis; and signals the beginning of the process towards future commercial mining. 20 years of exploration in the Kishon valley have brought the Company one step closer in the establishing Israel's first and only future precious gemstone mine, originally identified and progressed by the founder of the company, the late and much missed Abraham (Avi) Taub.

 

Alongside its exploration activities, the Company is developing a "Mine to Market" strategy to promote unique jewellery collections utilising Shefa Gems' suite of precious gemstones.

 

The Company upholds environmental values and protects the nature in the areas where it operates, cooperating fully with all authorities.  

 

For further information please visit the website at www.shefagems.com 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Shefa Gems Ltd

Price: 2.6591

Market: LSE
Market Cap: £5.44 m
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