Top-News
noventa der tantalproduzent
Beiträge:
15
Zugriffe: 6.005 / Heute: 1
Zugriffe: 6.005 / Heute: 1
|
Werbung
Entdecke die beliebtesten ETFs von Amundi
Lyxor Net Zero 2050 S&P World Climate PAB (DR) UCITS ETF Acc
Perf. 12M: +206,18%
Amundi ETF Leveraged MSCI USA Daily UCITS ETF - EUR (C/D)
Perf. 12M: +73,81%
Amundi Nasdaq-100 Daily (2x) Leveraged UCITS ETF - Acc
Perf. 12M: +64,99%
Amundi Russell 1000 Growth UCITS ETF - Acc
Perf. 12M: +38,69%
Amundi MSCI Wld Clim. Paris Align. PAB Umw. UCITS ETF DR C/D
Perf. 12M: +37,93%
TORONTO (miningweekly.com) – The share price performance of Noventa, which announced urgent funding needs of $25-million last week, has been “disappointing” and doesn’t fully value the company’s tantalum properties in Mozambique, chairperson Eric Kohn said on Tuesday.
The share price fell a further 6.5% in early TSX trade, changing hands at C$0.86 apiece.
On the Aim, Noventa slipped a further 5.5% to close at £0.51 a share, its lowest level since listing.
Kohn said the stock was now "grossly undervalued".
On a heated conference call, Kohn told shareholders and analysts that the additional cash Noventa required was because of exchange rate recalculations, as well as unanticipated working capital and capital expenditure, and the changing of civil engineering contractors building the plant at the company’s Marropino mine.
Lack of rainfall and low water levels in dams that the mine’s plant uses were also a problem, he said.
Kohn suggested that blame lay with the firm's now-resigned CEO whose “mind clearly wasn’t on matters” after his wife was diagnosed with terminal cancer.
He also said that Noventa’s CFO “made some errors that shouldn’t have been made”.
Still, a private investor on the call questioned Kohn about whether he himself had considered stepping down in the wake of the company’s share price collapse.
“That’s very nice of you,” Kohn retorted.
“I was the one who found this problem – not the audit committee or anyone else. So as painful as it is for me after having done all the work to turn this company around, I don’t think that would be appropriate.”
Because it decided to change civil engineering contractors, Noventa would now reach its target of producing tantalum at a rate of 200 000 lb/y by July, instead of June, and would build this up once the new plant was complete to 500 000 lb/y to 600 000 lb/y by the end of the year – provided the company could secure the additional financing.
Kohn said Noventa was talking to its advisors as to how it would source this funding, but said the company had received “a lot of interest” from potential investors.
The company needs to secure the $25-million by the end of July if it is to meet its production targets.
Noventa’s share price plunged from C$2.64 before it announced the urgent funding requirement to C$1.13 on June 2, shedding more value since.
Last month, Noventa announced the sudden resignation of CEO Pat Lawless, replacing him on an interim basis with the man who previously held the position, John Allan.
Tantalum, which is used to make electronic capacitors in cell phones and laptops, and also in super alloys that go into jet turbines, is in a supply squeeze currently, as companies avoid buying so-called “conflict minerals” from places like the Democratic Republic of Congo, which has been a major supply source in recent years.
The share price fell a further 6.5% in early TSX trade, changing hands at C$0.86 apiece.
On the Aim, Noventa slipped a further 5.5% to close at £0.51 a share, its lowest level since listing.
Kohn said the stock was now "grossly undervalued".
On a heated conference call, Kohn told shareholders and analysts that the additional cash Noventa required was because of exchange rate recalculations, as well as unanticipated working capital and capital expenditure, and the changing of civil engineering contractors building the plant at the company’s Marropino mine.
Lack of rainfall and low water levels in dams that the mine’s plant uses were also a problem, he said.
Kohn suggested that blame lay with the firm's now-resigned CEO whose “mind clearly wasn’t on matters” after his wife was diagnosed with terminal cancer.
He also said that Noventa’s CFO “made some errors that shouldn’t have been made”.
Still, a private investor on the call questioned Kohn about whether he himself had considered stepping down in the wake of the company’s share price collapse.
“That’s very nice of you,” Kohn retorted.
“I was the one who found this problem – not the audit committee or anyone else. So as painful as it is for me after having done all the work to turn this company around, I don’t think that would be appropriate.”
Because it decided to change civil engineering contractors, Noventa would now reach its target of producing tantalum at a rate of 200 000 lb/y by July, instead of June, and would build this up once the new plant was complete to 500 000 lb/y to 600 000 lb/y by the end of the year – provided the company could secure the additional financing.
Kohn said Noventa was talking to its advisors as to how it would source this funding, but said the company had received “a lot of interest” from potential investors.
The company needs to secure the $25-million by the end of July if it is to meet its production targets.
Noventa’s share price plunged from C$2.64 before it announced the urgent funding requirement to C$1.13 on June 2, shedding more value since.
Last month, Noventa announced the sudden resignation of CEO Pat Lawless, replacing him on an interim basis with the man who previously held the position, John Allan.
Tantalum, which is used to make electronic capacitors in cell phones and laptops, and also in super alloys that go into jet turbines, is in a supply squeeze currently, as companies avoid buying so-called “conflict minerals” from places like the Democratic Republic of Congo, which has been a major supply source in recent years.
01/07/11 FRANÇAIS / SITE MAP / ABOUT / CONTACT US
SEARCH
TELL A FRIEND
PRINTER FRIENDLY
SUBSCRIBE TO PORTFOLIO E-MAIL
NOVENTA LIMITED
Attention Business Editors
NOVENTA PROVIDES PROGRESS REPORT
§ - Appoints new director and new COO; Reaches June production target;
Schedules Extra-Ordinary meeting of Shareholders -
§ TORONTO, June 28, 2011 /CNW/ - Noventa (TSX: NTA) (AIM: NVTA) today
provided an update on a series of activities recently completed by the
Company.
§ "Since our last corporate update, we have taken a number of measures to
strengthen our management team, to ensure that our June production target was
met, and to move forward with our financing activities," said Mr. Eric Kohn,
TD, Executive Chairman of Noventa. "This recent progress is very encouraging
and supports our long-term objective of becoming of a low-cost producer of
tantalum concentrate."
§ Executive and Board Appointments Noventa's Board of Directors has
appointed Fernando Fernandez-Torres as a director of the Company, in the role
of Chief Operating Officer (COO") and Chief Executive Officer ("CEO")
designate of the Company. Mr Fernandez-Torres will become a director on 28
June 2011 and will assume the role as COO on 1 August 2011. Mr
Fernandez-Torres is expected to assume the role of CEO during the last quarter
of 2011. Mr Fernandez-Torres, a qualified industrial engineer, has been
involved in the mining industry for over 30 years, including over 20 years
within Rio Tinto and 5 years within the Sibelco Group. More recently, he was
the COO of two copper/cobalt mining projects in the Democratic Republic of
Congo, the first controlled by AIM-quoted Nikanor PLC (subsequently acquired
by Katanga Mining Limited), and the second by a joint venture between Glencore
and local interests. Immediately prior to taking up his role with the Company,
Mr Fernandez-Torres headed the project in northern Spain to reopen abandoned
gold mines for TSX-listed Orvana Minerals Corp.
§ The board of Noventa is also pleased to announce the appointment of Thies
Eggers as an independent non-executive director and head of the audit
committee effective today. Mr Eggers is a qualified accountant and tax
consultant in Germany, having joined Arthur Andersen in 1969, and rising to
the position of Managing Partner at both their Munich (1979-1997) and Prague
(1990-1993) offices. Since 1997 he has sat on the boards of a number of quoted
and unquoted companies as well as undertaking a number of consultancy
appointments.
§ Timothy Griffiths has resigned as a director of the Company, effective 28
June 2011.
§ Mr. Eric Kohn TD, also commented, "We are delighted at the appointments
of Messrs Fernandez-Torres and Eggers. We believe their experience and
expertise will prove to be invaluable to Noventa's future. The board would
also like to express thanks to Mr Griffiths for all his hard work and wish him
well for the future."
§ Production and Financing Update Consistent with its previous disclosure,
Noventa also announced that production levels at the Company's Marropino mine
exceeded the Company's annualised 175,000lb target of tantalum concentrate for
June, with a recovery rate of over 51%.
§ The Company also announced that Canaccord Genuity has resigned as the
Company's joint broker. Religare Capital Markets, in its position as
Noventa`s lead broker in the U.K., is advising the Company on its financing
requirements.
§ The Company also reported that it plans to call an extraordinary general
meeting ("EGM") of its shareholders, which is slated to be held on 29 July
2011. The EGM will be held to secure necessary shareholder approval to
increase its authorised share capital and the authority for the directors to
issue new shares. A notice convening the EGM will be sent to all shareholders
shortly.
§ Additional Information Required Under Schedule 2 of the AIM Rules
§ Francisco Fernando Fernandez-Torres
§ Age 61
§ Current Directorships
§ EMED Tartessus SLU
§ Past Directorships (in the last 5 years)
§ Kinbauri Espana SLU Nikanor Mining Limited Cobre Les Cruces SA
§ Mr Fernandez-Torres holds no shares in Noventa
§ Thies Eggers
§ Age 69
§ Current Directorships
§ Allgeier Holding AG Softcon AG Dibag Industriebau AG Bayerische
Gewerbebau AG Plenum AG FCF Fox Corporate Finance GmbH
§ Past Directorships (in the last 5 years)
§ CoreMedia AG FJH AG
§ Mr Eggers holds no shares in Noventa
§ About Noventa
§ Noventa's strategy is to be the world's largest, low cost industrial
scale supplier of tantalum concentrate, a rare specialty metal widely used in
the consumer electronics industry. There is currently a shortage of tantalum
supply and stock levels in the industry are being run down. With operating
mines in Mozambique, Noventa is in a unique position to expand production to
meet the industries needs. More information can be found at www.noventa.net
§ CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
§ Certain information contained or incorporated by reference in this
release, including any information as to the Noventa's strategy, projects,
plans, prospects, future outlook, anticipated events or results or future
financial or operating performance, constitutes "forward-looking statements"
within the meaning of Canadian securities laws. All statements, other than
statements of historical fact, are forward-looking statements. Forward-looking
statements can often, but not always, be identified by the use of words such
as "plans", "expects", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates", "predicts", "potential", "continue" or "believes",
or variations (including negative variations) of such words; or statements
that certain actions, events or results "may", "could", "would", "should",
"might", "potential to", or "will" be taken, occur or be achieved or other
similar expressions concerning matters that are not historical facts. Readers
are cautioned that forward-looking statements are not guarantees of future
performance. All of the forward-looking statements made or incorporated in
this press release are qualified by these cautionary statements.
§ Forward-looking statements are necessarily based on a number of factors,
estimates and assumptions that, while considered reasonable by Noventa as of
the date of such statements, are inherently subject to significant business,
economic and competitive uncertainties and contingencies. Readers are also
cautioned that forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Noventa to differ materially from those
expressed or implied in the forward-looking statements. Certain of these risks
and uncertainties are described in more detail in Noventa's Annual Information
Form dated March 15, 2010, which is available on SEDAR at www.sedar.com.
§ Although Noventa has attempted to identify statements containing
important factors that could cause actual actions, event or results to differ
materially from those described in forward-looking information, there may be
other factors that cause actions, events or results to differ from those
anticipated, estimated or intended. Forward-looking information contained
herein are made as of the date of this document based on the opinions and
estimates of management on the date statements containing such forward looking
information are made, and Noventa disclaims any obligation to update any
forward-looking information, whether as a result of new information, estimates
or opinions, future events or results or otherwise. There can be no assurance
that forward-looking information will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such
information. Accordingly, readers should not place undue reliance on forward
looking information.
To view this news release in HTML formatting, please use the following URL:
www.newswire.ca/en/releases/archive/June2011/28/c9654.html
SEARCH
TELL A FRIEND
PRINTER FRIENDLY
SUBSCRIBE TO PORTFOLIO E-MAIL
NOVENTA LIMITED
Attention Business Editors
NOVENTA PROVIDES PROGRESS REPORT
§ - Appoints new director and new COO; Reaches June production target;
Schedules Extra-Ordinary meeting of Shareholders -
§ TORONTO, June 28, 2011 /CNW/ - Noventa (TSX: NTA) (AIM: NVTA) today
provided an update on a series of activities recently completed by the
Company.
§ "Since our last corporate update, we have taken a number of measures to
strengthen our management team, to ensure that our June production target was
met, and to move forward with our financing activities," said Mr. Eric Kohn,
TD, Executive Chairman of Noventa. "This recent progress is very encouraging
and supports our long-term objective of becoming of a low-cost producer of
tantalum concentrate."
§ Executive and Board Appointments Noventa's Board of Directors has
appointed Fernando Fernandez-Torres as a director of the Company, in the role
of Chief Operating Officer (COO") and Chief Executive Officer ("CEO")
designate of the Company. Mr Fernandez-Torres will become a director on 28
June 2011 and will assume the role as COO on 1 August 2011. Mr
Fernandez-Torres is expected to assume the role of CEO during the last quarter
of 2011. Mr Fernandez-Torres, a qualified industrial engineer, has been
involved in the mining industry for over 30 years, including over 20 years
within Rio Tinto and 5 years within the Sibelco Group. More recently, he was
the COO of two copper/cobalt mining projects in the Democratic Republic of
Congo, the first controlled by AIM-quoted Nikanor PLC (subsequently acquired
by Katanga Mining Limited), and the second by a joint venture between Glencore
and local interests. Immediately prior to taking up his role with the Company,
Mr Fernandez-Torres headed the project in northern Spain to reopen abandoned
gold mines for TSX-listed Orvana Minerals Corp.
§ The board of Noventa is also pleased to announce the appointment of Thies
Eggers as an independent non-executive director and head of the audit
committee effective today. Mr Eggers is a qualified accountant and tax
consultant in Germany, having joined Arthur Andersen in 1969, and rising to
the position of Managing Partner at both their Munich (1979-1997) and Prague
(1990-1993) offices. Since 1997 he has sat on the boards of a number of quoted
and unquoted companies as well as undertaking a number of consultancy
appointments.
§ Timothy Griffiths has resigned as a director of the Company, effective 28
June 2011.
§ Mr. Eric Kohn TD, also commented, "We are delighted at the appointments
of Messrs Fernandez-Torres and Eggers. We believe their experience and
expertise will prove to be invaluable to Noventa's future. The board would
also like to express thanks to Mr Griffiths for all his hard work and wish him
well for the future."
§ Production and Financing Update Consistent with its previous disclosure,
Noventa also announced that production levels at the Company's Marropino mine
exceeded the Company's annualised 175,000lb target of tantalum concentrate for
June, with a recovery rate of over 51%.
§ The Company also announced that Canaccord Genuity has resigned as the
Company's joint broker. Religare Capital Markets, in its position as
Noventa`s lead broker in the U.K., is advising the Company on its financing
requirements.
§ The Company also reported that it plans to call an extraordinary general
meeting ("EGM") of its shareholders, which is slated to be held on 29 July
2011. The EGM will be held to secure necessary shareholder approval to
increase its authorised share capital and the authority for the directors to
issue new shares. A notice convening the EGM will be sent to all shareholders
shortly.
§ Additional Information Required Under Schedule 2 of the AIM Rules
§ Francisco Fernando Fernandez-Torres
§ Age 61
§ Current Directorships
§ EMED Tartessus SLU
§ Past Directorships (in the last 5 years)
§ Kinbauri Espana SLU Nikanor Mining Limited Cobre Les Cruces SA
§ Mr Fernandez-Torres holds no shares in Noventa
§ Thies Eggers
§ Age 69
§ Current Directorships
§ Allgeier Holding AG Softcon AG Dibag Industriebau AG Bayerische
Gewerbebau AG Plenum AG FCF Fox Corporate Finance GmbH
§ Past Directorships (in the last 5 years)
§ CoreMedia AG FJH AG
§ Mr Eggers holds no shares in Noventa
§ About Noventa
§ Noventa's strategy is to be the world's largest, low cost industrial
scale supplier of tantalum concentrate, a rare specialty metal widely used in
the consumer electronics industry. There is currently a shortage of tantalum
supply and stock levels in the industry are being run down. With operating
mines in Mozambique, Noventa is in a unique position to expand production to
meet the industries needs. More information can be found at www.noventa.net
§ CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
§ Certain information contained or incorporated by reference in this
release, including any information as to the Noventa's strategy, projects,
plans, prospects, future outlook, anticipated events or results or future
financial or operating performance, constitutes "forward-looking statements"
within the meaning of Canadian securities laws. All statements, other than
statements of historical fact, are forward-looking statements. Forward-looking
statements can often, but not always, be identified by the use of words such
as "plans", "expects", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates", "predicts", "potential", "continue" or "believes",
or variations (including negative variations) of such words; or statements
that certain actions, events or results "may", "could", "would", "should",
"might", "potential to", or "will" be taken, occur or be achieved or other
similar expressions concerning matters that are not historical facts. Readers
are cautioned that forward-looking statements are not guarantees of future
performance. All of the forward-looking statements made or incorporated in
this press release are qualified by these cautionary statements.
§ Forward-looking statements are necessarily based on a number of factors,
estimates and assumptions that, while considered reasonable by Noventa as of
the date of such statements, are inherently subject to significant business,
economic and competitive uncertainties and contingencies. Readers are also
cautioned that forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Noventa to differ materially from those
expressed or implied in the forward-looking statements. Certain of these risks
and uncertainties are described in more detail in Noventa's Annual Information
Form dated March 15, 2010, which is available on SEDAR at www.sedar.com.
§ Although Noventa has attempted to identify statements containing
important factors that could cause actual actions, event or results to differ
materially from those described in forward-looking information, there may be
other factors that cause actions, events or results to differ from those
anticipated, estimated or intended. Forward-looking information contained
herein are made as of the date of this document based on the opinions and
estimates of management on the date statements containing such forward looking
information are made, and Noventa disclaims any obligation to update any
forward-looking information, whether as a result of new information, estimates
or opinions, future events or results or otherwise. There can be no assurance
that forward-looking information will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such
information. Accordingly, readers should not place undue reliance on forward
looking information.
To view this news release in HTML formatting, please use the following URL:
www.newswire.ca/en/releases/archive/June2011/28/c9654.html
JOHANNESBURG (miningweekly.com) – TSX- and Aim-listed Noventa, which owns a tantalum mine in Mozambique, has appointed Fernando Fernandez-Torres as COO and CEO-designate.
The appointment was in line with the company’s aim to ensure it met its June production target, by strengthening its management teams, executive chairperson Eric Kohn said on Tuesday.
“This recent progress is very encouraging and supports our long-term objective of becoming of a low-cost producer of tantalum concentrate,” he said.
In May, Noventa announced the sudden resignation of CEO Pat Lawless, replacing him on an interim basis with the man who previously held the position, John Allan.
Fernandez-Torres would take on his role as a director from June 28, and would assume the role as COO on August 1, and was expected to assume the role of CEO during the last quarter of 2011.
Fernandez-Torres is a qualified industrial engineer, has been involved in the mining industry for over 30 years. His experience comprises over 20 years within mining giant Rio Tinto, five years within Sibelco Group, an industrial and commercial mineral miner and distributor, and stints as COO at two copper and cobalt mining projects in the Democratic Republic of Congo.
Prior to taking up his role with the company, Fernandez-Torres headed a project in northern Spain to reopen abandoned gold mines for TSX-listed Orvana Minerals.
The board also appointed Thies Eggers as an independent nonexecutive director and head of the audit committee from June 28. Timothy Griffiths resigned as a director, effective June 28.
“We are delighted at the appointments and believe their experience and expertise will prove to be invaluable to Noventa’s future,” Kohn said.
Meanwhile, production levels at the Marropino mine have exceeded the 175 000 lb/y target of tantalum concentrate for June, with a recovery rate of over 51%. The Marropino mine is the group's most developed project and is located about 350 km north-east of the provincial capital, Quelimane, in Mozambique.
Pure tantalum is used in the electronics industry, mainly as powder and wire for capacitors in telecommunications devices and implantable medical devices. The main use of tantalum is in the manufacture of electrolytic capacitors, used in mobile phones, computers and automotive electronics. Additional uses include super alloys for turbine engines, precision optical lenses and high temperature applications.
Edited by: Mariaan Webb
The appointment was in line with the company’s aim to ensure it met its June production target, by strengthening its management teams, executive chairperson Eric Kohn said on Tuesday.
“This recent progress is very encouraging and supports our long-term objective of becoming of a low-cost producer of tantalum concentrate,” he said.
In May, Noventa announced the sudden resignation of CEO Pat Lawless, replacing him on an interim basis with the man who previously held the position, John Allan.
Fernandez-Torres would take on his role as a director from June 28, and would assume the role as COO on August 1, and was expected to assume the role of CEO during the last quarter of 2011.
Fernandez-Torres is a qualified industrial engineer, has been involved in the mining industry for over 30 years. His experience comprises over 20 years within mining giant Rio Tinto, five years within Sibelco Group, an industrial and commercial mineral miner and distributor, and stints as COO at two copper and cobalt mining projects in the Democratic Republic of Congo.
Prior to taking up his role with the company, Fernandez-Torres headed a project in northern Spain to reopen abandoned gold mines for TSX-listed Orvana Minerals.
The board also appointed Thies Eggers as an independent nonexecutive director and head of the audit committee from June 28. Timothy Griffiths resigned as a director, effective June 28.
“We are delighted at the appointments and believe their experience and expertise will prove to be invaluable to Noventa’s future,” Kohn said.
Meanwhile, production levels at the Marropino mine have exceeded the 175 000 lb/y target of tantalum concentrate for June, with a recovery rate of over 51%. The Marropino mine is the group's most developed project and is located about 350 km north-east of the provincial capital, Quelimane, in Mozambique.
Pure tantalum is used in the electronics industry, mainly as powder and wire for capacitors in telecommunications devices and implantable medical devices. The main use of tantalum is in the manufacture of electrolytic capacitors, used in mobile phones, computers and automotive electronics. Additional uses include super alloys for turbine engines, precision optical lenses and high temperature applications.
Edited by: Mariaan Webb
Marropino mine not economic resource, Noventa says
Mon 04 Jul 2011
NVTA - Noventa Ltd.
Latest Prices
Name Price %
Noventa Ltd. 38.25p -9.47%
FTSE AIM All-Share 871 +0.74%
Mining 26,380 +0.32%
LONDON (SHARECAST) - Noventa's shares took a hammering after the tantalum miner said the results of its diamond drilling programmes in the north-east and south of its Marropino mine in Mozambique showed that the pegmatite body does not constitute an economic resource.
The news is another blow to the company and adds to a string of major production failures at its Marropino mine.
The mine has been beset by problems such as lack of rainfall, resulting in unusually low levels of water in dams that serve the plant, the need for more equipment such as earth moving equipment, spare parts, laboratory equipment and a larger crane and higher than anticipated electricity and diesel consumption.
Marropino produces tantalum, which is used in electrical equipment such as mobile phones, and the gemstone morganite.
Shares of the company were trading down 6% at 39.69p in London. In the last one year, Noventa’s shares have lost 98% of their value.
AR
Mon 04 Jul 2011
NVTA - Noventa Ltd.
Latest Prices
Name Price %
Noventa Ltd. 38.25p -9.47%
FTSE AIM All-Share 871 +0.74%
Mining 26,380 +0.32%
LONDON (SHARECAST) - Noventa's shares took a hammering after the tantalum miner said the results of its diamond drilling programmes in the north-east and south of its Marropino mine in Mozambique showed that the pegmatite body does not constitute an economic resource.
The news is another blow to the company and adds to a string of major production failures at its Marropino mine.
The mine has been beset by problems such as lack of rainfall, resulting in unusually low levels of water in dams that serve the plant, the need for more equipment such as earth moving equipment, spare parts, laboratory equipment and a larger crane and higher than anticipated electricity and diesel consumption.
Marropino produces tantalum, which is used in electrical equipment such as mobile phones, and the gemstone morganite.
Shares of the company were trading down 6% at 39.69p in London. In the last one year, Noventa’s shares have lost 98% of their value.
AR
NOVENTA PROVIDES RESULTS OF DRILLING PROGRAMS AT MARROPINO NORTHEAST AND MARROPINO SOUTH
§ TORONTO, July 4, 2011 /CNW/ - Noventa Limited (AIM:NVTA) (TSX:NTA)
(PLUS:NV) ("Noventa" or the "Company"), a supplier of the strategic metal
tantalum, provided an update on the drilling results of its exploration
program at locations to the northeast and south of its existing Marropino
mine, within its mining licence area.
§ Core samples from diamond drilling programs carried out at Marropino
Northeast (9 holes) and at Marropino South (6 holes) in March and April 2011
were submitted to the ALS laboratory in Johannesburg and the Inspectorate
Metals and Minerals laboratory in Rustenburg, South Africa. The final results
of this analytical work have now become available.
§ In the Marropino Northeast area the maximum values of 61 ppm Ta2O5 (50
ppm Ta) were obtained over the following intersection widths (table 1):
<<
__________________________________________________
|Drillhole No.|Depth from|Depth to|Intersected width|Ta2O5 ppm|
|_____________|__________|________|_________________|_________|
|MN 1 |39.40 |40.40 |1 |61 |
|_____________|__________|________|_________________|_________|
|MN 1 |41.40 |42.40 |1 |61 |
|_____________|__________|________|_________________|_________|
|MN 4 |34.30 |35.50 |1.30 |61 |
|_____________|__________|________|_________________|_________|
|MN 6 | 8.50 | 9.80 |1.30 |61 |
|_____________|__________|________|_________________|_________|
|MN 6 |53.65 |54.80 |1.15 |61 |
|_____________|__________|________|_________________|_________|
>>
§ Table 1. Summary of Marropino NE maximum values - the detection limit was
10 ppm.
§ All other Ta2O5 values obtained were lower. It is therefore considered
that the Marropino Northeast pegmatite body does not constitute an economic
resource.
§ Of the six diamond drillholes completed in the Marropino South area, five
intersected pegmatite over significant widths. Analytical work carried out by
ALS Johannesburg yielded the following results in excess of 61 ppm Ta2O5
(table 2):
<<
__________________________________________________
|Drillhole No.|Depth from|Depth to|Intersected width|Ta2O5 ppm|
|_____________|__________|________|_________________|_________|
|DHMS02 |21.00 |22.00 |1 |98 |
|_____________|__________|________|_________________|_________|
|DHMS03 |36.38 |37.38 |1 |61 |
|_____________|__________|________|_________________|_________|
|DHMS04 |16.36 |17.36 |1 |98 |
|_____________|__________|________|_________________|_________|
|DHMS05 | 7.17 | 8.17 |3 |61 |
|_____________|__________|________|_________________|_________|
|DHMS05 |15.17 |16.17 |1 |61 |
|_____________|__________|________|_________________|_________|
|DHMS05 |38.17 |39.17 |1 |61 |
|_____________|__________|________|_________________|_________|
|DHMS05 |40.17 |41.17 |1 |61 |
|_____________|__________|________|_________________|_________|
>>
§ Table 2. Summary of Marropino S maximum values - the detection limit was
10 ppm.
§ On the basis of these results, it is concluded that the pegmatite drilled
does not contain economic concentrations of Ta2O5.
§ Scientific and technical information contained in this press release has
been prepared under the supervision Declan A. Sheeran, BA. MSc MAusIMM
(306636) who is a "qualified person" in accordance with National Instrument
43-101 - Standards of Disclosure for Mineral Projects. The author is a paid
consultant to Noventa-HAMC but has no other monetary or beneficiary links to
the company.
§ About Noventa Noventa's strategy is to be the world's largest, low cost
industrial scale supplier of tantalum concentrate, a rare specialty metal
widely used in the consumer electronics industry. There is currently a
shortage of tantalum supply and stock levels in the industry are being run
down. With operating mines in Mozambique, Noventa is in a unique position to
expand production to meet the industries needs. More information can be found
at www.noventa.net
§
To view this news release in HTML formatting, please use the following URL:
www.newswire.ca/en/releases/archive/July2011/04/c2966.html
-30-
§ /For further information:
§ Eric F. Kohn TD Chairman Noventa Limited +41 22 8500560 +41 79 5030150
§ Joe Racanelli TMX Equicom 416 815 0700 ext. 243
or jracanelli@equicomgroup.com
§ /
§ TORONTO, July 4, 2011 /CNW/ - Noventa Limited (AIM:NVTA) (TSX:NTA)
(PLUS:NV) ("Noventa" or the "Company"), a supplier of the strategic metal
tantalum, provided an update on the drilling results of its exploration
program at locations to the northeast and south of its existing Marropino
mine, within its mining licence area.
§ Core samples from diamond drilling programs carried out at Marropino
Northeast (9 holes) and at Marropino South (6 holes) in March and April 2011
were submitted to the ALS laboratory in Johannesburg and the Inspectorate
Metals and Minerals laboratory in Rustenburg, South Africa. The final results
of this analytical work have now become available.
§ In the Marropino Northeast area the maximum values of 61 ppm Ta2O5 (50
ppm Ta) were obtained over the following intersection widths (table 1):
<<
__________________________________________________
|Drillhole No.|Depth from|Depth to|Intersected width|Ta2O5 ppm|
|_____________|__________|________|_________________|_________|
|MN 1 |39.40 |40.40 |1 |61 |
|_____________|__________|________|_________________|_________|
|MN 1 |41.40 |42.40 |1 |61 |
|_____________|__________|________|_________________|_________|
|MN 4 |34.30 |35.50 |1.30 |61 |
|_____________|__________|________|_________________|_________|
|MN 6 | 8.50 | 9.80 |1.30 |61 |
|_____________|__________|________|_________________|_________|
|MN 6 |53.65 |54.80 |1.15 |61 |
|_____________|__________|________|_________________|_________|
>>
§ Table 1. Summary of Marropino NE maximum values - the detection limit was
10 ppm.
§ All other Ta2O5 values obtained were lower. It is therefore considered
that the Marropino Northeast pegmatite body does not constitute an economic
resource.
§ Of the six diamond drillholes completed in the Marropino South area, five
intersected pegmatite over significant widths. Analytical work carried out by
ALS Johannesburg yielded the following results in excess of 61 ppm Ta2O5
(table 2):
<<
__________________________________________________
|Drillhole No.|Depth from|Depth to|Intersected width|Ta2O5 ppm|
|_____________|__________|________|_________________|_________|
|DHMS02 |21.00 |22.00 |1 |98 |
|_____________|__________|________|_________________|_________|
|DHMS03 |36.38 |37.38 |1 |61 |
|_____________|__________|________|_________________|_________|
|DHMS04 |16.36 |17.36 |1 |98 |
|_____________|__________|________|_________________|_________|
|DHMS05 | 7.17 | 8.17 |3 |61 |
|_____________|__________|________|_________________|_________|
|DHMS05 |15.17 |16.17 |1 |61 |
|_____________|__________|________|_________________|_________|
|DHMS05 |38.17 |39.17 |1 |61 |
|_____________|__________|________|_________________|_________|
|DHMS05 |40.17 |41.17 |1 |61 |
|_____________|__________|________|_________________|_________|
>>
§ Table 2. Summary of Marropino S maximum values - the detection limit was
10 ppm.
§ On the basis of these results, it is concluded that the pegmatite drilled
does not contain economic concentrations of Ta2O5.
§ Scientific and technical information contained in this press release has
been prepared under the supervision Declan A. Sheeran, BA. MSc MAusIMM
(306636) who is a "qualified person" in accordance with National Instrument
43-101 - Standards of Disclosure for Mineral Projects. The author is a paid
consultant to Noventa-HAMC but has no other monetary or beneficiary links to
the company.
§ About Noventa Noventa's strategy is to be the world's largest, low cost
industrial scale supplier of tantalum concentrate, a rare specialty metal
widely used in the consumer electronics industry. There is currently a
shortage of tantalum supply and stock levels in the industry are being run
down. With operating mines in Mozambique, Noventa is in a unique position to
expand production to meet the industries needs. More information can be found
at www.noventa.net
§
To view this news release in HTML formatting, please use the following URL:
www.newswire.ca/en/releases/archive/July2011/04/c2966.html
-30-
§ /For further information:
§ Eric F. Kohn TD Chairman Noventa Limited +41 22 8500560 +41 79 5030150
§ Joe Racanelli TMX Equicom 416 815 0700 ext. 243
or jracanelli@equicomgroup.com
§ /
TORONTO (miningeekly.com) – Tantalum-miner Noventa lost further ground on London’s Aim market, after it announced that two deposits it drilled earlier this year at its Marropino operation in Mozambique were not economically viable.
The share dipped by over 11% before recovering slightly to trade 6% lower at £0.39 by 14:40.
The company, which listed on the TSX in December, said analysis that a South African laboratory had done on drill cores from the Marropino Northeast Marropino South pegmatite orebodies determined that they did not contain economical resources.
Noventa shed over 70% of its market value last month, after it announced it urgently needed to raise $25-million to complete the construction of a bigger plant at Marropino.
Last week, the firm said it had appointed former Nikanor manager Fernando Fernandez-Torres as a director and COO, and that he would replace interim CEO John Allan at Noventa’s helm during the last quarter of 2011.
The company fell 10% in thin trading in Toronto on Monday morning.
Edited by: Liezel Hill
The share dipped by over 11% before recovering slightly to trade 6% lower at £0.39 by 14:40.
The company, which listed on the TSX in December, said analysis that a South African laboratory had done on drill cores from the Marropino Northeast Marropino South pegmatite orebodies determined that they did not contain economical resources.
Noventa shed over 70% of its market value last month, after it announced it urgently needed to raise $25-million to complete the construction of a bigger plant at Marropino.
Last week, the firm said it had appointed former Nikanor manager Fernando Fernandez-Torres as a director and COO, and that he would replace interim CEO John Allan at Noventa’s helm during the last quarter of 2011.
The company fell 10% in thin trading in Toronto on Monday morning.
Edited by: Liezel Hill
By: Loni Prinsloo
19th July 2011
TEXT SIZE
JOHANNESBURG (miningweekly.com) − Mozambique-focused tantalum producer Noventa, whose CFO announced his resignation on Monday, said it planned to raise funds in Canada and the UK, which would be followed by an open share offering to all its shareholders.
The Aim- and TSX-listed company appointed Jacob Securities as its agent in Canada, to raise funds through special warrants that would be issued by way of private placements.
Concurrently with the Canadian offering, the company would also undertake fundraising in the UK through its broker Riligare Capital Markets.
Following the successful completion of the two offerings, Noventa would start an open offer of ordinary shares to all its qualifying shareholders.
Noventa announced in May that it needed to raise $25-million before the end of July to complete a plant expansion to 600 000 lb/y at its Marropino mine.
Cash flow became constrained after technical difficulties prevented the company from maintaining its production rate of 200 000 lb/y over a sustained period of time.
Meanwhile, the miner said that it was in the process of recruiting a replacement for Daniel Cassiano-Silva, who would leave the company in November.
Edited by: Mariaan Webb
19th July 2011
TEXT SIZE
JOHANNESBURG (miningweekly.com) − Mozambique-focused tantalum producer Noventa, whose CFO announced his resignation on Monday, said it planned to raise funds in Canada and the UK, which would be followed by an open share offering to all its shareholders.
The Aim- and TSX-listed company appointed Jacob Securities as its agent in Canada, to raise funds through special warrants that would be issued by way of private placements.
Concurrently with the Canadian offering, the company would also undertake fundraising in the UK through its broker Riligare Capital Markets.
Following the successful completion of the two offerings, Noventa would start an open offer of ordinary shares to all its qualifying shareholders.
Noventa announced in May that it needed to raise $25-million before the end of July to complete a plant expansion to 600 000 lb/y at its Marropino mine.
Cash flow became constrained after technical difficulties prevented the company from maintaining its production rate of 200 000 lb/y over a sustained period of time.
Meanwhile, the miner said that it was in the process of recruiting a replacement for Daniel Cassiano-Silva, who would leave the company in November.
Edited by: Mariaan Webb
TELL A FRIEND
PRINTER FRIENDLY
SUBSCRIBE TO PORTFOLIO E-MAIL
NOVENTA LIMITED
Attention Business Editors
Noventa Reports EGM Results
§ TORONTO, July 29, 2011 /CNW/ - Noventa (AIM:NVTA) (TSX:NTA) (PLUS:NV) is
pleased to announce that all resolutions were passed at today's extraordinary
general meeting ("EGM"). The results of the resolutions were as follows:
§ First Resolution - 8,282,545 (99.68%) in favour, 26,927 (0.32%) against
§ Second Resolution - 8,659,489 (99.99%) in favour, 1,177 (0.01%) against
§ Third Resolution - 8,082,545 (97.27%) in favour, 266,927 (2.73%) against
§ About Noventa Noventa's strategy is to be the world's largest, low cost
industrial scale supplier of tantalum concentrate, a rare specialty metal
widely used in the consumer electronics industry. There is currently a
shortage of tantalum supply and stock levels in the industry are being run
down. With operating mines in Mozambique, Noventa is in a unique position to
expand production to meet the industries needs. More information can be found
at www.noventa.net
§ CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
§ Certain information contained or incorporated by reference in this
release, including any information as to the Noventa's strategy, projects,
plans, prospects, future outlook, anticipated events or results or future
financial or operating performance, constitutes "forward-looking statements"
within the meaning of Canadian securities laws. All statements, other than
statements of historical fact, are forward-looking statements. Forward-looking
statements can often, but not always, be identified by the use of words such
as "plans", "expects", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates", "predicts", "potential", "continue" or "believes",
or variations (including negative variations) of such words; or statements
that certain actions, events or results "may", "could", "would", "should",
"might", "potential to", or "will" be taken, occur or be achieved or other
similar expressions concerning matters that are not historical facts. Readers
are cautioned that forward-looking statements are not guarantees of future
performance. All of the forward-looking statements made or incorporated in
this press release are qualified by these cautionary statements.
§ Forward-looking statements are necessarily based on a number of factors,
estimates and assumptions that, while considered reasonable by Noventa as of
the date of such statements, are inherently subject to significant business,
economic and competitive uncertainties and contingencies. Readers are also
cautioned that forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Noventa to differ materially from those
expressed or implied in the forward-looking statements. Certain of these risks
and uncertainties are described in more detail in Noventa's Annual Information
Form dated March 15, 2010, which is available on SEDAR at www.sedar.com.
§ Although Noventa has attempted to identify statements containing
important factors that could cause actual actions, event or results to differ
materially from those described in forward-looking information, there may be
other factors that cause actions, events or results to differ from those
anticipated, estimated or intended. Forward-looking information contained
herein are made as of the date of this document based on the opinions and
estimates of management on the date statements containing such forward looking
information are made, and Noventa disclaims any obligation to update any
forward-looking information, whether as a result of new information, estimates
or opinions, future events or results or otherwise. There can be no assurance
that forward-looking information will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such
information. Accordingly, readers should not place undue reliance on forward
looking information.
To view this news release in HTML formatting, please use the following URL:
www.newswire.ca/en/releases/archive/July2011/29/c8338.html
-30-
§ /For further information:
§ Eric F. Kohn TD Chairman Noventa Limited +41 22 8500560 +41 79 5030150
§ Joe Racanelli TMX Equicom 416 815 0700 ext. 243
or jracanelli@equicomgroup.com
§ Nick Harriss/Emily Staples Religare Capital Markets (UK) Limited
(Nominated Adviser) +44 20 7444 0800
§ Daniel Briggs Religare Capital Markets plc (Broker) +44 20 7444 0500
§ /
PRINTER FRIENDLY
SUBSCRIBE TO PORTFOLIO E-MAIL
NOVENTA LIMITED
Attention Business Editors
Noventa Reports EGM Results
§ TORONTO, July 29, 2011 /CNW/ - Noventa (AIM:NVTA) (TSX:NTA) (PLUS:NV) is
pleased to announce that all resolutions were passed at today's extraordinary
general meeting ("EGM"). The results of the resolutions were as follows:
§ First Resolution - 8,282,545 (99.68%) in favour, 26,927 (0.32%) against
§ Second Resolution - 8,659,489 (99.99%) in favour, 1,177 (0.01%) against
§ Third Resolution - 8,082,545 (97.27%) in favour, 266,927 (2.73%) against
§ About Noventa Noventa's strategy is to be the world's largest, low cost
industrial scale supplier of tantalum concentrate, a rare specialty metal
widely used in the consumer electronics industry. There is currently a
shortage of tantalum supply and stock levels in the industry are being run
down. With operating mines in Mozambique, Noventa is in a unique position to
expand production to meet the industries needs. More information can be found
at www.noventa.net
§ CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
§ Certain information contained or incorporated by reference in this
release, including any information as to the Noventa's strategy, projects,
plans, prospects, future outlook, anticipated events or results or future
financial or operating performance, constitutes "forward-looking statements"
within the meaning of Canadian securities laws. All statements, other than
statements of historical fact, are forward-looking statements. Forward-looking
statements can often, but not always, be identified by the use of words such
as "plans", "expects", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates", "predicts", "potential", "continue" or "believes",
or variations (including negative variations) of such words; or statements
that certain actions, events or results "may", "could", "would", "should",
"might", "potential to", or "will" be taken, occur or be achieved or other
similar expressions concerning matters that are not historical facts. Readers
are cautioned that forward-looking statements are not guarantees of future
performance. All of the forward-looking statements made or incorporated in
this press release are qualified by these cautionary statements.
§ Forward-looking statements are necessarily based on a number of factors,
estimates and assumptions that, while considered reasonable by Noventa as of
the date of such statements, are inherently subject to significant business,
economic and competitive uncertainties and contingencies. Readers are also
cautioned that forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Noventa to differ materially from those
expressed or implied in the forward-looking statements. Certain of these risks
and uncertainties are described in more detail in Noventa's Annual Information
Form dated March 15, 2010, which is available on SEDAR at www.sedar.com.
§ Although Noventa has attempted to identify statements containing
important factors that could cause actual actions, event or results to differ
materially from those described in forward-looking information, there may be
other factors that cause actions, events or results to differ from those
anticipated, estimated or intended. Forward-looking information contained
herein are made as of the date of this document based on the opinions and
estimates of management on the date statements containing such forward looking
information are made, and Noventa disclaims any obligation to update any
forward-looking information, whether as a result of new information, estimates
or opinions, future events or results or otherwise. There can be no assurance
that forward-looking information will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such
information. Accordingly, readers should not place undue reliance on forward
looking information.
To view this news release in HTML formatting, please use the following URL:
www.newswire.ca/en/releases/archive/July2011/29/c8338.html
-30-
§ /For further information:
§ Eric F. Kohn TD Chairman Noventa Limited +41 22 8500560 +41 79 5030150
§ Joe Racanelli TMX Equicom 416 815 0700 ext. 243
or jracanelli@equicomgroup.com
§ Nick Harriss/Emily Staples Religare Capital Markets (UK) Limited
(Nominated Adviser) +44 20 7444 0800
§ Daniel Briggs Religare Capital Markets plc (Broker) +44 20 7444 0500
§ /
By: Matthew Hill
19th August 2011
Updated 4 hours ago
TEXT SIZE
TORONTO (miningweekly.com) – Noventa, the company that produces tantalum in Mozambique, aims to raise $37-million from selling shares, it said on Friday.
The company also announced that executive chairperson Eric Kohn has decided to resign.
The proceeds will go to completing the plant optimisation and expansion at its Marropino mine.
The company announced in June that it urgently needed to raise cash to complete the project, leading to a 50%-plus plunge in its share price.
Noventa said in a statement, that Religare Capital Markets placed 73.6-million new Noventa shares at a price of 25 pence each with both new and existing investors to raise about $30-million.
Additionally, the company aims to offer 17.5-million shares to current shareholders, for proceeds of around $7-million.
Noventa said it has now reached a production rate of 200 000 lb/y of tantalum pentoxide concentrate, and once the plant is complete, this capacity will rise to 600 000 lb/y.
Meanwhile, the firm said that Kohn had indicated he would resign once the expansion at Marropino was complete.
“As a consequence, the board will shortly commence efforts to find a suitable replacement; it is expected that the future chairman will be a nonexecutive director of the company,” Noventa said.
Further, Zeca de Barros was named new CFO, after Daniel Cassiano-Silva said he would leave in November.
Tantalum is used in the electronics industry.
Edited by: Creamer
19th August 2011
Updated 4 hours ago
TEXT SIZE
TORONTO (miningweekly.com) – Noventa, the company that produces tantalum in Mozambique, aims to raise $37-million from selling shares, it said on Friday.
The company also announced that executive chairperson Eric Kohn has decided to resign.
The proceeds will go to completing the plant optimisation and expansion at its Marropino mine.
The company announced in June that it urgently needed to raise cash to complete the project, leading to a 50%-plus plunge in its share price.
Noventa said in a statement, that Religare Capital Markets placed 73.6-million new Noventa shares at a price of 25 pence each with both new and existing investors to raise about $30-million.
Additionally, the company aims to offer 17.5-million shares to current shareholders, for proceeds of around $7-million.
Noventa said it has now reached a production rate of 200 000 lb/y of tantalum pentoxide concentrate, and once the plant is complete, this capacity will rise to 600 000 lb/y.
Meanwhile, the firm said that Kohn had indicated he would resign once the expansion at Marropino was complete.
“As a consequence, the board will shortly commence efforts to find a suitable replacement; it is expected that the future chairman will be a nonexecutive director of the company,” Noventa said.
Further, Zeca de Barros was named new CFO, after Daniel Cassiano-Silva said he would leave in November.
Tantalum is used in the electronics industry.
Edited by: Creamer
NOVENTA LIMITED
Attention Business Editors
Noventa Limited - Appointment of Non-Executive Director, Proposed Offer to Preference Shareholders And Notice of Class Meeting
§ ("Noventa" or the "Company") (TSX: NTA; AIM: NVTA; PLUS: NV)
§ TORONTO, Sept. 2, 2011 /CNW/ -
§ Appointment of Non-Executive Director
§ The board of Noventa is delighted to announce the appointment of Luca
Bechis as a non-executive director of the Company with effect from today.
§ Mr Bechis is a founding partner of Richmond Capital LLP, a London based
FSA authorised investment management firm established in 2004. Prior to this,
Mr Bechis was a partner at hedge fund Egerton Capital from 1997 to 2004 and a
European equity analyst at Cazenove & Co from 1990 to 1997. Richmond Capital
LLP is the investment advisor to Richmond Partners Master Fund (Cayman
Islands), the largest shareholder of the Company.
§ Executive Chairman, Eric Kohn TD, commented, "We are delighted at the
appointment of Luca to the board of Noventa. He brings great strategic
perspective to the board and has demonstrated his belief in the Company
consistently over the last year."
§ Proposed Offer to Preference Shareholders and Notice of Class Meeting
§ Further to the announcement of 19 August 2011, Noventa is pleased to
confirm the details of the Proposed offer to Preference Shareholders and the
accompanying class meeting.
§ The Preference Redemption will require an amendment to the terms and
conditions of the Preference Shares which will need to be approved by
Preference Shareholders at a class meeting. The notice of such meeting has
been sent to Preference Shareholders and the meeting will be held on 28
September 2011. Copies of the documents sent to Preference Shareholders have
been posted on the Company's AIM Rule 26 website (www.noventa.net).
§ Subject to approval of the resolution at the above class meeting,
Preference Shareholders will have the opportunity to have their Preference
Shares redeemed earlier than previously agreed, whether in whole or in part,
and to receive new Ordinary Shares as consideration for such redemption. The
Preference Redemption is to be calculated on the basis of the Preference
Shares being redeemed at their original issue and redemption price of US$4.218
plus any accrued dividend up to and including 30 September 2011, and
reinvested into new Ordinary Shares at the Issue Price of 25p. A US Dollar to
GB Pound exchange rate of $1.62:#1.00 will be used in the redemption and
reinvestment calculation.
§ In the event that all the Preference Shareholders elect to have their
shares redeemed, then it would result in the issue of approximately 30,128,468
new Ordinary Shares, which would equate to 20.36 per cent. of the Company's
enlarged issued ordinary share capital following completion of the
Subscription with Clawback and the Open Offer.
§ Any new Ordinary Shares to be issued pursuant to the Preference
Redemption will be credited as fully paid and will, on issue, rank paripassu
with the Existing Ordinary Shares. All defined terms in this announcement
have the same meaning as in the original announcement of 19 August 2011
§ Information Required Under the AIM Rules
§ Luca Bechis
§ Age 45
§ Current Directorships
§ The Richmond Environmental Charitable Foundation
§ Past Directorships (in the last 5 years)
§ Richmond Capital LLP Richmond Partners Master Limited (Cayman Islands)
Richmond Partners Limited Richmond Capital Partners LP
§ Richmond Partners Master Fund (Cayman Islands) currently holds 14,068,799
ordinary 0.8p shares ("Ordinary Shares"),equivalent to 14.02% of the Company's
current issued Ordinary Shares (but disregarding rights to acquire shares
through warrants or in respect of the Subscription with Clawback set out in
the announcement of 19 August 2011). Under the AIM Rules, Mr Bechis has in
interest in the Richmond Partners Master Fund (Cayman Islands) holding of
Noventa Ordinary Shares. He has no other interest in Noventa Ordinary Shares.
§ CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
§ Certain information contained or incorporated by reference in this
release, including any information as to the Noventa's strategy, projects,
plans, prospects, future outlook, anticipated events or results or future
financial or operating performance, constitutes "forward-looking statements"
within the meaning of Canadian securities laws. All statements, other than
statements of historical fact, are forward-looking statements. Forward-looking
statements can often, but not always, be identified by the use of words such
as "plans", "expects", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates", "predicts", "potential", "continue" or "believes",
or variations (including negative variations) of such words; or statements
that certain actions, events or results "may", "could", "would", "should",
"might", "potential to", or "will" be taken, occur or be achieved or other
similar expressions concerning matters that are not historical facts. Readers
are cautioned that forward-looking statements are not guarantees of future
performance. All of the forward-looking statements made or incorporated in
this press release are qualified by these cautionary statements.
§ Forward-looking statements are necessarily based on a number of factors,
estimates and assumptions that, while considered reasonable by Noventa as of
the date of such statements, are inherently subject to significant business,
economic and competitive uncertainties and contingencies. Readers are also
cautioned that forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Noventa to differ materially from those
expressed or implied in the forward-looking statements. Certain of these risks
and uncertainties are described in more detail in Noventa's Annual Information
Form dated 19 July 2011, which is available on SEDAR at www.sedar.com.
§ Although Noventa has attempted to identify statements containing
important factors that could cause actual actions, event or results to differ
materially from those described in forward-looking information, there may be
other factors that cause actions, events or results to differ from those
anticipated, estimated or intended. Forward-looking information contained
herein are made as of the date of this document based on the opinions and
estimates of management on the date statements containing such forward looking
information are made, and Noventa disclaims any obligation to update any
forward-looking information, whether as a result of new information, estimates
or opinions, future events or results or otherwise. There can be no assurance
that forward-looking information will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such
information. Accordingly, readers should not place undue reliance on forward
looking information.
To view this news release in HTML formatting, please use the following URL:
www.newswire.ca/en/releases/archive/September2011/02/c8230.html
-30-
§ /For further information:
<<
Noventa Limited: Eric Religare Capital Religare Capital Markets
F. Kohn TD Chairman +41 Markets (UK) Limited plc (Broker) Daniel
22 8500560 +41 79 (Nominated Adviser) Briggs +44 20 7444 0500
5030150 www.noventa.net Nick Harriss/Rick
§ Thompson/ Phil
§ Davies/Emily Staples
§ +44 20 7444 0800
Attention Business Editors
Noventa Limited - Appointment of Non-Executive Director, Proposed Offer to Preference Shareholders And Notice of Class Meeting
§ ("Noventa" or the "Company") (TSX: NTA; AIM: NVTA; PLUS: NV)
§ TORONTO, Sept. 2, 2011 /CNW/ -
§ Appointment of Non-Executive Director
§ The board of Noventa is delighted to announce the appointment of Luca
Bechis as a non-executive director of the Company with effect from today.
§ Mr Bechis is a founding partner of Richmond Capital LLP, a London based
FSA authorised investment management firm established in 2004. Prior to this,
Mr Bechis was a partner at hedge fund Egerton Capital from 1997 to 2004 and a
European equity analyst at Cazenove & Co from 1990 to 1997. Richmond Capital
LLP is the investment advisor to Richmond Partners Master Fund (Cayman
Islands), the largest shareholder of the Company.
§ Executive Chairman, Eric Kohn TD, commented, "We are delighted at the
appointment of Luca to the board of Noventa. He brings great strategic
perspective to the board and has demonstrated his belief in the Company
consistently over the last year."
§ Proposed Offer to Preference Shareholders and Notice of Class Meeting
§ Further to the announcement of 19 August 2011, Noventa is pleased to
confirm the details of the Proposed offer to Preference Shareholders and the
accompanying class meeting.
§ The Preference Redemption will require an amendment to the terms and
conditions of the Preference Shares which will need to be approved by
Preference Shareholders at a class meeting. The notice of such meeting has
been sent to Preference Shareholders and the meeting will be held on 28
September 2011. Copies of the documents sent to Preference Shareholders have
been posted on the Company's AIM Rule 26 website (www.noventa.net).
§ Subject to approval of the resolution at the above class meeting,
Preference Shareholders will have the opportunity to have their Preference
Shares redeemed earlier than previously agreed, whether in whole or in part,
and to receive new Ordinary Shares as consideration for such redemption. The
Preference Redemption is to be calculated on the basis of the Preference
Shares being redeemed at their original issue and redemption price of US$4.218
plus any accrued dividend up to and including 30 September 2011, and
reinvested into new Ordinary Shares at the Issue Price of 25p. A US Dollar to
GB Pound exchange rate of $1.62:#1.00 will be used in the redemption and
reinvestment calculation.
§ In the event that all the Preference Shareholders elect to have their
shares redeemed, then it would result in the issue of approximately 30,128,468
new Ordinary Shares, which would equate to 20.36 per cent. of the Company's
enlarged issued ordinary share capital following completion of the
Subscription with Clawback and the Open Offer.
§ Any new Ordinary Shares to be issued pursuant to the Preference
Redemption will be credited as fully paid and will, on issue, rank paripassu
with the Existing Ordinary Shares. All defined terms in this announcement
have the same meaning as in the original announcement of 19 August 2011
§ Information Required Under the AIM Rules
§ Luca Bechis
§ Age 45
§ Current Directorships
§ The Richmond Environmental Charitable Foundation
§ Past Directorships (in the last 5 years)
§ Richmond Capital LLP Richmond Partners Master Limited (Cayman Islands)
Richmond Partners Limited Richmond Capital Partners LP
§ Richmond Partners Master Fund (Cayman Islands) currently holds 14,068,799
ordinary 0.8p shares ("Ordinary Shares"),equivalent to 14.02% of the Company's
current issued Ordinary Shares (but disregarding rights to acquire shares
through warrants or in respect of the Subscription with Clawback set out in
the announcement of 19 August 2011). Under the AIM Rules, Mr Bechis has in
interest in the Richmond Partners Master Fund (Cayman Islands) holding of
Noventa Ordinary Shares. He has no other interest in Noventa Ordinary Shares.
§ CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
§ Certain information contained or incorporated by reference in this
release, including any information as to the Noventa's strategy, projects,
plans, prospects, future outlook, anticipated events or results or future
financial or operating performance, constitutes "forward-looking statements"
within the meaning of Canadian securities laws. All statements, other than
statements of historical fact, are forward-looking statements. Forward-looking
statements can often, but not always, be identified by the use of words such
as "plans", "expects", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates", "predicts", "potential", "continue" or "believes",
or variations (including negative variations) of such words; or statements
that certain actions, events or results "may", "could", "would", "should",
"might", "potential to", or "will" be taken, occur or be achieved or other
similar expressions concerning matters that are not historical facts. Readers
are cautioned that forward-looking statements are not guarantees of future
performance. All of the forward-looking statements made or incorporated in
this press release are qualified by these cautionary statements.
§ Forward-looking statements are necessarily based on a number of factors,
estimates and assumptions that, while considered reasonable by Noventa as of
the date of such statements, are inherently subject to significant business,
economic and competitive uncertainties and contingencies. Readers are also
cautioned that forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Noventa to differ materially from those
expressed or implied in the forward-looking statements. Certain of these risks
and uncertainties are described in more detail in Noventa's Annual Information
Form dated 19 July 2011, which is available on SEDAR at www.sedar.com.
§ Although Noventa has attempted to identify statements containing
important factors that could cause actual actions, event or results to differ
materially from those described in forward-looking information, there may be
other factors that cause actions, events or results to differ from those
anticipated, estimated or intended. Forward-looking information contained
herein are made as of the date of this document based on the opinions and
estimates of management on the date statements containing such forward looking
information are made, and Noventa disclaims any obligation to update any
forward-looking information, whether as a result of new information, estimates
or opinions, future events or results or otherwise. There can be no assurance
that forward-looking information will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such
information. Accordingly, readers should not place undue reliance on forward
looking information.
To view this news release in HTML formatting, please use the following URL:
www.newswire.ca/en/releases/archive/September2011/02/c8230.html
-30-
§ /For further information:
<<
Noventa Limited: Eric Religare Capital Religare Capital Markets
F. Kohn TD Chairman +41 Markets (UK) Limited plc (Broker) Daniel
22 8500560 +41 79 (Nominated Adviser) Briggs +44 20 7444 0500
5030150 www.noventa.net Nick Harriss/Rick
§ Thompson/ Phil
§ Davies/Emily Staples
§ +44 20 7444 0800
Noventa announces issue of shares to directors and others
TORONTO, Oct. 17, 2011 /CNW/ - Noventa Limited (AIM:NVTA; TSX:NTA; PLUS:NV) ("Noventa" or the "Company"), a supplier of the strategic metal tantalum, has today approved the issue of 112,779 Ordinary Shares at a price of £0.2334 per share to certain directors of Noventa ("Directors") and to Eric Kohn TD (who was a Director during the quarter ending 30 September 2011), each of whom have elected to receive a proportion of their remuneration from Noventa in the form of new Ordinary Shares (the "Remuneration Shares"). These payments are calculated quarterly and the Remuneration Shares are issued at a price equivalent to the average of the closing mid-market price for the 30 days prior to the end of the quarter. The following were issued to the Directors of the Company and to Eric Kohn TD for the quarter ending 30 September 2011:
Number of Remuneration Shares
Eric Kohn TD *
56,062
Ian Benning
12,183
Guy Coltman
10,152
Dr Joachim Martin
10,152
Dr Goran Berglund
12,183
Thies Eggers
8,122
Luca Bechis^
3,925
* These shares are held by Barons Financial Services Limited, a company in which Mr. Kohn has a beneficial interest.
^These shares are held by Richmond Partners Master Limited. Richmond Capital LLP, of which Luca Bechis is the founding partner, is the investment adviser to Richmond Partners Master Fund (Cayman Islands).
In addition the Company has also today approved the issue of 903 Ordinary Shares to Dr Joachim Martin and 2,294 Ordinary Shares to Dr Goran Berglund at a price of £0.5187 per share in respect of remuneration elected by them to be received as Ordinary Shares in respect of the quarter ending 30 June 2011 ("Past Remuneration Shares").
The following table sets out details of Director's Shareholdings (as defined in the AIM Rules) of the Company following the issue of the Remuneration Shares and the Past Remuneration Shares.
Ordinary Shares
held
Percentage of issued
** These shares are held by Ekasure Limited, a company in which Mr. Allan has a beneficial interest
^These shares are held by Richmond Partners Master Limited. Richmond Capital LLP, of which Luca Bechis is the founding partner, is the investment adviser to Richmond Partners Master Fund (Cayman Islands).
An application has been made to admit the Remuneration Shares and the Past Remuneration Shares to trading on AIM, with trading expected to commence on 20 October 2011. The Remuneration Shares and the Past Remuneration Shares will also commence trading on the PLUS Quoted Market on 20 October 2011. The Remuneration Shares and the Past Remuneration Shares have also been approved for listing on the Toronto Stock Exchange.
Following admission to trading of the Remuneration Shares and the Past Remuneration Shares, the Company will have 119,658,819 Ordinary Shares in issue. The Company also has 1,028,075 convertible redeemable £1 preference shares ("CPS") in issue. The Company does not hold any Ordinary Shares or CPS in treasury.
About Noventa
Noventa's strategy is to be the world's largest, low cost industrial scale supplier of tantalum concentrate, a rare specialty metal widely used in the consumer electronics industry. There is currently a shortage of tantalum supply and stock levels in the industry are being run down. With operating mines in Mozambique, Noventa is in a unique position to expand production to meet the industries needs. More information can be found at www.noventa.net
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain information contained or incorporated by reference in this release, including any information as to the Noventa's strategy, projects, plans, prospects, future outlook, anticipated events or results or future financial or operating performance, constitutes "forward-looking statements" within the meaning of Canadian securities laws. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements can often, but not always, be identified by the use of words such as "plans", "expects", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "predicts", "potential", "continue" or "believes", or variations (including negative variations) of such words; or statements that certain actions, events or results "may", "could", "would", "should", "might", "potential to", or "will" be taken, occur or be achieved or other similar expressions concerning matters that are not historical facts. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made or incorporated in this press release are qualified by these cautionary statements.
Forward-looking statements are necessarily based on a number of factors, estimates and assumptions that, while considered reasonable by Noventa as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Readers are also cautioned that forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Noventa to differ materially from those expressed or implied in the forward-looking statements. Certain of these risks and uncertainties are described in more detail in Noventa's Annual Information Form dated July 19, 2011, which is available on SEDAR at www.sedar.com.
Although Noventa has attempted to identify statements containing important factors that could cause actual actions, event or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein are made as of the date of this document based on the opinions and estimates of management on the date statements containing such forward looking information are made, and Noventa disclaims any obligation to update any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward looking information.
TORONTO, Oct. 17, 2011 /CNW/ - Noventa Limited (AIM:NVTA; TSX:NTA; PLUS:NV) ("Noventa" or the "Company"), a supplier of the strategic metal tantalum, has today approved the issue of 112,779 Ordinary Shares at a price of £0.2334 per share to certain directors of Noventa ("Directors") and to Eric Kohn TD (who was a Director during the quarter ending 30 September 2011), each of whom have elected to receive a proportion of their remuneration from Noventa in the form of new Ordinary Shares (the "Remuneration Shares"). These payments are calculated quarterly and the Remuneration Shares are issued at a price equivalent to the average of the closing mid-market price for the 30 days prior to the end of the quarter. The following were issued to the Directors of the Company and to Eric Kohn TD for the quarter ending 30 September 2011:
Number of Remuneration Shares
Eric Kohn TD *
56,062
Ian Benning
12,183
Guy Coltman
10,152
Dr Joachim Martin
10,152
Dr Goran Berglund
12,183
Thies Eggers
8,122
Luca Bechis^
3,925
* These shares are held by Barons Financial Services Limited, a company in which Mr. Kohn has a beneficial interest.
^These shares are held by Richmond Partners Master Limited. Richmond Capital LLP, of which Luca Bechis is the founding partner, is the investment adviser to Richmond Partners Master Fund (Cayman Islands).
In addition the Company has also today approved the issue of 903 Ordinary Shares to Dr Joachim Martin and 2,294 Ordinary Shares to Dr Goran Berglund at a price of £0.5187 per share in respect of remuneration elected by them to be received as Ordinary Shares in respect of the quarter ending 30 June 2011 ("Past Remuneration Shares").
The following table sets out details of Director's Shareholdings (as defined in the AIM Rules) of the Company following the issue of the Remuneration Shares and the Past Remuneration Shares.
Ordinary Shares
held
Percentage of issued
** These shares are held by Ekasure Limited, a company in which Mr. Allan has a beneficial interest
^These shares are held by Richmond Partners Master Limited. Richmond Capital LLP, of which Luca Bechis is the founding partner, is the investment adviser to Richmond Partners Master Fund (Cayman Islands).
An application has been made to admit the Remuneration Shares and the Past Remuneration Shares to trading on AIM, with trading expected to commence on 20 October 2011. The Remuneration Shares and the Past Remuneration Shares will also commence trading on the PLUS Quoted Market on 20 October 2011. The Remuneration Shares and the Past Remuneration Shares have also been approved for listing on the Toronto Stock Exchange.
Following admission to trading of the Remuneration Shares and the Past Remuneration Shares, the Company will have 119,658,819 Ordinary Shares in issue. The Company also has 1,028,075 convertible redeemable £1 preference shares ("CPS") in issue. The Company does not hold any Ordinary Shares or CPS in treasury.
About Noventa
Noventa's strategy is to be the world's largest, low cost industrial scale supplier of tantalum concentrate, a rare specialty metal widely used in the consumer electronics industry. There is currently a shortage of tantalum supply and stock levels in the industry are being run down. With operating mines in Mozambique, Noventa is in a unique position to expand production to meet the industries needs. More information can be found at www.noventa.net
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain information contained or incorporated by reference in this release, including any information as to the Noventa's strategy, projects, plans, prospects, future outlook, anticipated events or results or future financial or operating performance, constitutes "forward-looking statements" within the meaning of Canadian securities laws. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements can often, but not always, be identified by the use of words such as "plans", "expects", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "predicts", "potential", "continue" or "believes", or variations (including negative variations) of such words; or statements that certain actions, events or results "may", "could", "would", "should", "might", "potential to", or "will" be taken, occur or be achieved or other similar expressions concerning matters that are not historical facts. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made or incorporated in this press release are qualified by these cautionary statements.
Forward-looking statements are necessarily based on a number of factors, estimates and assumptions that, while considered reasonable by Noventa as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Readers are also cautioned that forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Noventa to differ materially from those expressed or implied in the forward-looking statements. Certain of these risks and uncertainties are described in more detail in Noventa's Annual Information Form dated July 19, 2011, which is available on SEDAR at www.sedar.com.
Although Noventa has attempted to identify statements containing important factors that could cause actual actions, event or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein are made as of the date of this document based on the opinions and estimates of management on the date statements containing such forward looking information are made, and Noventa disclaims any obligation to update any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward looking information.
Noventa focuses on costs as it ramps up production
Friday, November 04, 2011 by Jon Mainwaring
Noventa (LON:NVTA, TSE:NTA) is focusing on reducing its costs after a quarter that saw the Mozambique-focused tantalum miner ramp up production by 23 per cent.
Reporting results for the three months to September 30, Noventa’s new chief executive officer, Fernando Fernandez-Torres, said that he was in the process of reviewing the firm’s business plan and budget for 2012 with the aim of reducing costs. Fernandez-Torres said that he is also re-evaluating the investment required to develop the firm’s Morrua asset, which boasts double the parts per million of tantalum concentrate of its existing producing mine at Marropino, “with a view to make a less intensive capital project than initially anticipated”.
During the quarter, Noventa achieved production of 38,903 pounds of tantalum pentoxide – a 23 per cent increase on Q2 2011 and more than double Q1 2011 production. For the first nine months of the year, production at its Marropino plant amounted to 86,633 pounds.
The construction of a new processing plant at Marropino is “well advanced” and only slightly behind schedule, said the firm, which expects production to ramp up to 600,000 pounds of tantalum pentoxde during 2012.
Noventa said that a previously reported water problem at Marropino has now been resolved with the installation of a pumping station and water pipeline. The solution has been tested and “will provide long term security of the process water supply irrespective of the weather conditions”.
Meanwhile, the firm has recommenced shipping to its client in Thailand using normal shipping routes. Currently, Noventa has 72,500 pounds of tantalum pentoxide ready for final blending that it anticipates will be shipped during this quarter.
The firm also announced today that it had made an annual interest saving of US$763,000 as a result of the redemption of convertible preference shares.
Friday, November 04, 2011 by Jon Mainwaring
Noventa (LON:NVTA, TSE:NTA) is focusing on reducing its costs after a quarter that saw the Mozambique-focused tantalum miner ramp up production by 23 per cent.
Reporting results for the three months to September 30, Noventa’s new chief executive officer, Fernando Fernandez-Torres, said that he was in the process of reviewing the firm’s business plan and budget for 2012 with the aim of reducing costs. Fernandez-Torres said that he is also re-evaluating the investment required to develop the firm’s Morrua asset, which boasts double the parts per million of tantalum concentrate of its existing producing mine at Marropino, “with a view to make a less intensive capital project than initially anticipated”.
During the quarter, Noventa achieved production of 38,903 pounds of tantalum pentoxide – a 23 per cent increase on Q2 2011 and more than double Q1 2011 production. For the first nine months of the year, production at its Marropino plant amounted to 86,633 pounds.
The construction of a new processing plant at Marropino is “well advanced” and only slightly behind schedule, said the firm, which expects production to ramp up to 600,000 pounds of tantalum pentoxde during 2012.
Noventa said that a previously reported water problem at Marropino has now been resolved with the installation of a pumping station and water pipeline. The solution has been tested and “will provide long term security of the process water supply irrespective of the weather conditions”.
Meanwhile, the firm has recommenced shipping to its client in Thailand using normal shipping routes. Currently, Noventa has 72,500 pounds of tantalum pentoxide ready for final blending that it anticipates will be shipped during this quarter.
The firm also announced today that it had made an annual interest saving of US$763,000 as a result of the redemption of convertible preference shares.
Thursday 01 December, 2011
Noventa Limited
Update on Open Offer
RNS Number : 1518T
Noventa Limited
01 December 2011
NOVENTA LIMITED
("Noventa" or the "Company") (TSX: NTA; AIM: NVTA; PLUS: NV)
Update on Open Offer to Shareholders
1 December 2011
The Board today announces that the Open Offer to Shareholders is expected to be launched during December. Accordingly, the Subscription Agreement entered into by the Company with Richmond Partners Master Limited will, prior to the launch of the Open Offer, be amended so as to match the Open Offer timetable.
All defined terms in this announcement have the same meaning as in the announcement of 19 August 2011.
For further information please contact:
Noventa Limited:
Zeca Barros
(Chief Financial Officer)
+41 22 8500560
+41 79 5030150
www.noventa.net
Religare Capital Markets (UK) Limited
(Nominated Adviser)
Rick Thompson / Phil Davies / Emily Staples
+44 20 7444 0800
Religare Capital Markets plc
(Broker)
Daniel Briggs
+44 20 7444 0500
Noventa Limited
Update on Open Offer
RNS Number : 1518T
Noventa Limited
01 December 2011
NOVENTA LIMITED
("Noventa" or the "Company") (TSX: NTA; AIM: NVTA; PLUS: NV)
Update on Open Offer to Shareholders
1 December 2011
The Board today announces that the Open Offer to Shareholders is expected to be launched during December. Accordingly, the Subscription Agreement entered into by the Company with Richmond Partners Master Limited will, prior to the launch of the Open Offer, be amended so as to match the Open Offer timetable.
All defined terms in this announcement have the same meaning as in the announcement of 19 August 2011.
For further information please contact:
Noventa Limited:
Zeca Barros
(Chief Financial Officer)
+41 22 8500560
+41 79 5030150
www.noventa.net
Religare Capital Markets (UK) Limited
(Nominated Adviser)
Rick Thompson / Phil Davies / Emily Staples
+44 20 7444 0800
Religare Capital Markets plc
(Broker)
Daniel Briggs
+44 20 7444 0500
Es gibt keine neuen Beiträge.
Neueste Beiträge aus dem Noventa St Helier Forum
| Wertung | Antworten | Thema | Verfasser | letzter Verfasser | letzter Beitrag | |
| 117 | Noventa... die Bombe! | Zarija | videomart | 19.03.13 11:42 | ||
| 14 | noventa der tantalproduzent | tolksvar | tolksvar | 01.12.11 12:48 |
