LONDON (Alliance News) - Evocutis PLC on Thursday said it has made investments in three further companies, sending its shares higher in early trade.
The company has acquired a 2% stake in Horse Hill Developments Ltd, the operator of the Horse Hill prospect in the Weald Basin in Surrey. It has acquired the stake from Danadav Investments Ltd for GBP425,000.
In addition, the company has spent GBP61,205 on a 3.01% stake in Noricum Gold Ltd, the AIM-listed company behind the Schonberg gold and precious metals project in Austria.
And it has also acquired a 3.1% stake in AIM-listed Alba Mineral Resources PLC, which has base metals interests in Ireland and oil and gas interest in England, including a stake in the Horse Hill project. The Alba stake has been acquired for GBP55,000 and was taken during Alba's recent share placing.
Shares in Evocutis were up 12% to 0.23 pence in early trade Thursday, one of the best performers in the AIM All-Share.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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