Paragon Resources PLC acquisition of interest in Paragon Volta Limited

Published: 24 Feb 2014
Wall Street Journal | 24 February 2014

One of the main players in Greenstar Resources Ltd is Andrew Beveridge, who also established an oil palm plantation company in Sierra Leone called Goldtree Holdings. Above is a photo of a road expansion at the Goldtree plantation site.

Paragon, the AIM-listed agricultural investing company (AIM: PAR), is pleased to announce that, it has today acquired an initial 10% shareholding in Paragon Volta Limited (“PVL”) and is in the process of finalising for PVL a 44 year sub lease over 5,000 hectares of irrigable land close to the River Volta in Ghana from an existing lease over a much larger farm land estate connected to the vendor (the “Investment”). This is an important strategic step in the implementation of its investment policy in African agriculture…

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