Armstrong successfully raises funds and diversifies its portfolio of assets under management

Armstrong Energy (Armstrong or the Company) is pleased to announce that it has supported a number of early stage companies in the UK in successfully raising over £37 million in March 2016 from private client investors.  These funds build on the strong presence the Company has in energy projects in the UK and India, whilst also broadening the activities of the companies to which it provides advisory and investment management services.

Armstrong has helped to raise funds for a companies with a wide range of businesses, including:

Salamanca Energy Limited, which is looking to build a portfolio of smaller solar farms in Chile;

Gelion UK Limited, an energy storage company commercialising a patented technology from the University of Sydney, Australia; and

Tourian Renewables Limited, a new waste to chemicals business.

Alan Yazdabadi, a director of Armstrong, said, “We continue to believe that by delivering excellent returns, capital will flow into companies such as these, and thereby help to reduce carbon emissions and create jobs.  As such, it is a win-win for investors, the UK economy, and the environment. We have worked hard to help these companies get to a level of maturity where they are investment ready, and we look forward to helping them grow in the years to come.”