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Investments and Implementation of Investing Policy

19 Mar 2015 07:00

RNS Number : 8461H
Evocutis PLC
19 March 2015
 

19 March 2015

 Evocutis Plc

("Evocutis" or the "Company")

Investments and Implementation of Investing Policy

 

Evocutis Plc (AIM: EVO), the investment company whose current investment is a 10% interest in Brazil Tungsten Holdings Ltd, announces that it has acquired the following further investments:

 

· a 2% interest (being 20 shares) in Horse Hill Developments Ltd ("HHDL"), the 65% owners and operators of onshore exploration licences PEDL 137 and PEDL 246 (known as "Horse Hill"). The additional 2% interest was acquired from Danadav Investments Limited for a consideration of £425,000;

 

· a 3.01% interest (being 29.2 million shares) in Noricum Gold Limited which is a UK AIM listed company whose main interest is their 100% owned Schonberg Gold and Precious Metals project in Austria. This investment was acquired on market for a cost of £61,205;

 

· a 3.13% interest (being 55 million shares) in Alba Mineral Resources Plc, a UK AIM listed company who holds interests in Ireland (base metals); England (oil and gas) and other countries. This investment was acquired via a recent share placement for a cost of £55,000.

 

 

Having made all of the above investments, the Company has now substantially implemented its investing policy in accordance with Rule 15 of the AIM Rules for Companies.

 

 

For further information, please contact:

 

Evocutis Plc

Donald Strang/ Hamish Harris

+44 (0) 20 7440 0640

 

Cairn Financial Advisers LLP

James Caithie/Carolyn Sansom

+44 (0) 20 7148 7900

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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