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sell , keep this moving , come on !!!!!
i dont think it would be massive but 2p is possible today not in but well done
yes its an error this one looks like it could rerate massivly in with a punt
Upward movement:)
lol i laughed when i saw that it should be 806k,
About to tick upwards again:) GLA
that must be a mistake what did they purchase new hoofs for the cows
did i just read our investment is worth £806
Nova is pleased to announce that both Upside Management (Offshore) SAL ("Upside") and Consiliou Growth Fund SPC ("Consiliou") (together, the "Facility Investors") have approved Nova's equity and loan investments in EG. As such, the Company has required each of the Facility Investors to subscribe for 25,800,000 new ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") at an issue price of 1p per new Ordinary Share, raising a total of GBP516,000 for the Company. Under the terms of the Investment Facility Agreements announced on 11 November 2013, upon the issuance of the 25,800,000 new Ordinary Shares to each of the Investors, Nova shall additionally issue 103,200,000 warrants (exercisable into new Ordinary Shares at an exercise price of 1p until 31 December 2018) to each of the Facility Investors. (C) New funding Nova announces that it has successfully secured further new investment into the Company of GBP30,000 0% unsecured convertible loan notes (the "New Notes"). The funds raised via the issuance of the New Notes will be put towards the working capital expenses of the Company as well as pursuing the Company's investing policy. The New Notes have been subscribed for by Landham Group Limited ("Landham"), a British Virgin Island incorporated company. The principal terms of the New Notes are as follows: -- The New Notes will be repayable by 31 December 2018 and do not carry a coupon. -- Landham has the right, but not the obligation, at any time to convert part of, or the whole of, the principal amount outstanding under the New Notes into new Ordinary Shares at the conversion rate of 1p for each Ordinary Share. -- Landham will be issued with 1,500,000 warrants to subscribe for new Ordinary Shares (the "Landham Warrants"). The Landham Warrants can be exercised at any time up until 31 December 2018 and at the exercise price of 1p per Ordinary Share. -- The New Notes and the Landham Warrants are transferable with the consent of the Company (which consent shall not be unreasonably withheld). The conversion rate of the New Notes and exercise price of the Landham Warrants represents a premium to the average closing mid-market price of Nova's Ordinary Shares in the last 30 market sessions. Conversion of the New Notes in full would result in the issue of 3,000,000 Ordinary Shares and exercise of the Landham Warrants in full would result in the issue of 1,500,000 Ordinary Shares which, in aggregate, would represent approximately 2.38% of Nova's then enlarged total issued ordinary share capital (assuming that no other Ordinary Shares are issued and none of the other warrants already issued by the Company are converted). (D) Issuance of warrants to service providers Nova has granted the following warrants to the following parties: (a) 1,500,000 warrants to Blythe Weigh Communications Ltd, Nova's financial
20 January 2014 NOVA RESOURCES LIMITED ("Nova" or the "Company") (A) Investment in Enerstry Group Limited Nova (AIM: NOVA), the investment company focused on high growth opportunities in the energy, infrastructure, technology, natural resources and manufacturing sectors, primarily in Russia and Asia, today announces that it has agreed to make equity and loan investments in Enerstry Group Limited ("EG"), alongside a syndicate of other investors. EG is a company incorporated in England and Wales which owns 93.33% of the total issued share capital of Enerstry Co., Limited ("Enerstry Korea"), a company incorporated in the Republic of Korea. Enerstry Korea has granted EG warrants which, if exercised, will increase EG's shareholding in Enerstry Korea to approximately 99%. Prior to the above equity investments, EG's sole shareholder and director was Park Jae Hyun. Nova's equity investment in EG is for a consideration of GBP806.48, which comprises 80,648,000 ordinary shares in the capital of EG, subscribed for at a price of 0.001p per ordinary share. Nova's holding of 80,648,000 ordinary shares in the capital of EG represents 23.72% of EG's enlarged ordinary share capital. In addition, Nova has agreed to provide an unsecured loan of US$806,480 to EG, which will bear interest of 10 per cent per annum and will be repayable by 18(th) January 2015. Nova Board members, Christopher Morgan and Chan Fook Meng, will join the board of EG as non-executive directors. Other investors have also agreed to subscribe for ordinary shares in EG and certain of these investors have agreed to provide loans to EG on the same terms as the loan made to EG by Nova. Following these equity and loan investments, EG will have a total of US$1,700,000 of new loan finance available to it, alongside a total of GBP3,570 of cash from new equity subscriptions. The table below shows the shareholders of EG and the amounts that is loaned to EG, following the equity and loan investments: Name Shareholding Consideration for Amount Loaned % Shareholding in EG Equity Investment to EG of EG in EG ------------------- ------------- ------------------- -------------- --------------- Nova 80,648,000 GBP806.48 US$806,480 23.72% ------------------- ------------- ------------------- -------------- --------------- Cairo Investments Limited 44,302,000 GBP443.02 US$443,020 13.03% ------------------- ------------- ------------------- -------------- --------------- Lee Hoon 4,250,000 GBP42.50 US$42,500 1.25% ------------------- ------------- ------------------- -------------- --------------- Sea Rock Holdings Limited * 20,400,000 GBP204.00 US$204,000 6% ---
Is the CEO the same as tricor email if so stay away this man doesn't have share holders best interests he has a lavage life styal off the back of us investors.!!! All you have to do is look at tricor and what he's done to that!!!!
So nothing definate and what investment until details are known its too risky
Already invested here few weeks ago and hoping to jump in for some more on monday , what sort of contract are we looking at this time . could it be another one with the chinese or russians which ever it is this one looks very intresting we could be running all the way back to 5p where it was not long ago wouldnt be surprised if we end up at 5p by end of week with only a handful of shares left 129m in issue with approx 95m with directors and companys . so we just left with approx 34m floating about no wonder this flys 200 - 300% on news Name No. of Shares % of Issued Share Capital Chan Fook Meng 55,000,000 42.6% Shweco Nominees Ltd 6,360,000 4.9% Global Explorer Holdings Limited 19,642,857 15.2% Gateway Golden Limited 3,928,571 3.0% Exclusive Property Management PTE Ltd 5,574,933 4.3% Mazen Houssami 5,000,000 3.9%
This is going to fly on monday!....friday was nothing!!
Interesting rise today! Next week could hot up on expected news
is it is something to do with Glasgow Rangers
My 1.20p average is coming.
Technically it was undervalued as-was off the back of the sales... but the moment they enact their last funding agreement for 1m, they will have 80% dilution and it will sink to 0.1 - 0.3.
That has to be the most obscure bs I've seen yet...
a 3 post pump ?? lol lol
Yep it sure is, there was massive buying at edl earlier today @.90p and I bought thinking this is derisked at this price with all this buying pressure then the price went down to .80p in a blink of an eye crazy stuff happens on aim alright.
lol
So OBVIOUS!!!