Investments and Implementation of Investing Policy

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	[phone]
Cairn Financial Advisers LLP
James Caithie/Carolyn Sansom	[phone]

 

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