NOTICE
This Website has been set up in connection with the private offering and sale of the shares of AFRICAN LIONS FUND LTD. (the “Fund”) to a limited number of persons and may not be reproduced.
No person is authorised to issue any advertisement, give any information or make any representation not contained on this website, or in the relevant documents downloaded from it, in connection with the offering, subscription or sale of shares and any advertisement so issued or information or representation so made must not be relied upon as having been authorised by or on behalf of the Fund.
Your use of this website at any time does not imply that the information contained herein is correct as at any time subsequent to its date.
Access to this website, the downloading of documents from it, and the offering of the shares in certain jurisdictions may be restricted by law. You, are required by the Fund to inform yourself about and to observe any such restrictions.
The shares of the Fund have not been registered under the U.S. Securities Act of 1933, as amended (“Securities Act”) and the Fund itself has not been registered under the U.S. Investment Company Act of 1940, as amended.
The Fund is in the process of obtaining a certificate of recognition as a Private Fund from the British Virgin Islands Financial Services Commission (the “Financial Services Commission”) pursuant to the British Virgin Islands Securities and Investment Business Act, 2010 (“SIBA”) and the Mutual Funds Regulations, 2010 (the “Regulations”). SIBA and the Regulations replaced the Mutual Funds Act, 1996 in May, 2010.
As a Private Fund the Fund is suitable for private investors only and any invitation to subscribe for fund interests may be made on a private basis only. No such invitation to subscribe for shares in the Fund shall be generally circulated, nor shall subscriptions be solicited from members of the public.
The Fund is not subject to supervision by the Financial Services Commission or a regulatory authority outside the BVI. Further, the requirements considered necessary for the protection of investors that apply to public funds in the BVI do not apply to private funds. An investment in a private fund may present a greater risk to an investor than an investment in a public fund in the BVI. Each prospective investor is solely responsible for determining whether the Fund is suitable for its investment needs.
Prospective investors should not construe the contents of this website as legal, tax or financial advice. Each prospective investor should consult his own professional advisors as to the legal, tax, financial or other matters relevant to the suitability of an investment in the shares of the Fund, for such investor.
The password protected area of this website, and the information contained therein, is intended solely for the use of the person to whom the log-in credentials have been supplied, for the purpose of evaluating a possible investment by the recipient in the shares of African Lions Fund. It is not to be reproduced or distributed to any other person (other than professional advisors of the prospective investor receiving this information from the Fund).
Transferability of shares in the Fund is subject to the prior approval of the board of directors of the Fund (“Board of Directors” or “Directors”) and there will be no public market for the shares. Shares will be redeemable by the shareholders of the Fund (the “Shareholders”) on each Redemption Day (as defined in the Fund’s offer documents). The Board of Directors may require a mandatory redemption in certain circumstances. Shares offered have not been traded prior to this offering.
The value of investments may fall as well as rise and there is no certainty of recouping the amount of money originally invested. There can be no assurance that the investment objectives of the Fund will be attained and that losses will not be realised. Consequently, the value of shares may go up or down.
