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Ovoca Subsidiary Norplat Raises £600,000 Through
Ovoca Subsidiary Norplat Raises £600,000 Through.
About this update from Talisman Metals Plc
[{"type":"text","content":"\n Ovoca Resources plc\n \n\n Ovoca Gold plc ('Ovoca' or the 'Company')\n\n OVOCA SUBSIDIARY NORPLAT RAISES £600,000 THROUGH WARRANT-EXERCISE\n\nOvoca Gold Plc (OVG.L, London; OVX.IE, Dublin) announces that on 31 December\n2005, its then 78%-owned subsidiary, Norplat Limited (\"Norplat\"), raised\n£600,000 through the issue of 10 million new ordinary Norplat shares which were\ncreated as a result of the exercise of the 10 million outstanding Norplat\nwarrants at 6 pence per share each. Following this share-issue, Ovoca's\nshareholding in Norplat has been diluted to 64%.\n\nOvoca retains the right to acquire all the outstanding shares in Norplat which\nit does not already own, at the fixed price of 11 new Ovoca shares for every 10\nNorplat shares, until 10 May 2007.\n\n- END -\n\n\nFor further information please contact\n\nBarrie Oakes -CEO +44 (0)795 1139266\n\nRoger Turner - Chairman +44 (0)7739 092 813\n\nDavid Nabarro - Nabarro Wells & Co Limited +44 (0)20 7710 7400\n\nJohn Frain - Davy Corporate Finance + 353 (0)1 679 6363\n\nConnexions PR - Tom McCormack + 353 (0)86 245 4215\n + 353 (0)1 230 3015\n ","length":1317,"tagName":"div"}]