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(NVTA.L) Noventa Ltd Buy/Sell
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| Date/Time | Headline | Source |
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| 23-10-09 | RNS |
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RNS Number : 2887B Noventa Limited 23 October 2009 Noventa Limited ("Noventa" or the "Company") Possible Dual Listing of Shares, Issue of Shares and Warrants 23 October 2009 A significant proportion of the new shares issued as part of the placing announced on 16 October 2009 were on behalf of clients of Pope & Company Limited of Toronto, Canada ("Pope"), a member of the Toronto Stock Exchange. Following the success of this issue, the Board of Noventa is evaluating with Pope and its other advisers the desirability and practicality of obtaining a quotation for its shares on the Toronto Stock Exchange (TSX). The Company will keep shareholders informed of any further developments. The Company has issued 500,000 new ordinary shares of 0.04p each ("Ordinary Shares"), at a price of 4p per share, together with 500,000 warrants, exercisable at a price of 4p per Ordinary Share, in settlement for an invoice from Pope relating to the placing announced on 16 October 2009. An application has been made for the Ordinary Shares to be admitted to trading on AIM on 29 October 2009. The total number of Ordinary Shares in issue on the date of admission to trading of the new Ordinary Shares will be 233,250,636 with each share holding one voting right. There are no Ordinary Shares held in treasury. Further to the various announcements made between 10 September and 16 October 2009, and the circular to shareholders dated 24 September 2009, the Company has issued 11,585,966 warrants to Barons Financial Services Limited ("BFS"). BFS, in which Eric Kohn TD, the Chairman, has a beneficial interest, and through which the services of Mr. Kohn are provided, is a related party under the AIM Rules. As previously stated, BFS were to be issued with warrants equivalent to 5% of the enlarged share capital of the Company at 4p per share for a period of seven years. BFS will not be able to exercise these warrants unless the price of the Company's Ordinary Shares maintains a quoted mid-market price on AIM of 25p or higher on a 30 day moving average. The BFS Warrants have been issued to BFS as a turnaround incentive, with their value to BFS being dependent on a substantial rise in the Ordinary Share price. The Board of the Company (other than Mr. Kohn) approved the figure for the enlarged share capital on which the 5% has been calculated to include the new shares issued following the passing of the resolutions at the Extraordinary General Meeting held on 14 October 2009 and the additional share placing announced on 16 October 2009. The independent Directors (all Directors other than Mr. Kohn), who have consulted with the Company's nominated adviser, believe the terms of the issue of the BFS Warrants, to be fair and reasonable in so far as shareholders are concerned. Mr. Kohn did not vote on any of the board resolutions approving these matters. For further information please contact: Eric F. Kohn TD Chairman Noventa Limited +41 22 8500560 +41 79 5030150 www.noventa.net Nick Harriss/Emily Staples Blomfield Corporate Finance Limited (Nomad) +44 20 7489 4500 Daniel Briggs Religare Hichens, Harrison plc (Broker) +44 20 7382 7776 This information is provided by RNS The company news service from the London Stock Exchange END
IOEFEMSUDSUSELS More |
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| 20-10-09 | RNS |
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RNS Number : 1071B Noventa Limited 20 October 2009 Noventa Limited ("Noventa" or the "Company") Appointment of New Directors, Issue of Shares and Options 20 October 2009 Noventa is delighted to announce the appointments of Dr. Joachim Martin and Guy Coltman as Non-Executive Directors of the Company. Dr. Martin is an expert in the field of tantalum and other rare metals. He was formerly General Manager; Raw Material Sourcing at H. C. Starck, one of the world's leading rare metals companies and prior to that, the Manager of the H. C. Starck Goslar Plant. He now consults widely in the rare metals field and holds a PhD in Mineralogy and Economic Geology. Mr. Coltman is a partner at Carey Olsen, the Company's Jersey lawyers, specializing in corporate law, and is qualified to practice law in both Jersey and England & Wales. Eric Kohn TD, the Company's Chairman said: "I am delighted to welcome people of Dr. Martin's expertise in all aspects of the production of tantalum, and Mr. Coltman's wide-ranging legal experience to the Board. I am confident that their wise counsel will bring great future benefits to the Company."
Four members of the current board of directors have elected to receive a proportion of their remuneration from Noventa in the form of new ordinary shares of 0.04p each ("Ordinary Shares"). These payments are calculated quarterly and the shares are issued at a price equivalent to the average of the closing mid-market price on the 30 days prior to the date of allotment. The following Ordinary Shares have been allotted on 19 October 2009 at a price of 5.946p per share for the quarter ending 30 September 2009:
In addition, Peter Cox and Joachim Martin have each been issued with 250,000 Ordinary Shares in settlement for invoices for consulting services at a price of 4p per share (the same price as the recent fund raising). The following table sets out details of Director's Shareholdings (as defined in the AIM Rules) of the Company following the issue of the Additional Placing Shares.
The new Ordinary Shares described in this announcement will rank pari passu with the Company's existing Ordinary Shares. It is expected that admission will become effective and that trading will commence on 27 October 2009. The Board of the Company (other than Mr. Hinxman) has today agreed to grant options (under the existing Noventa Limited Unapproved Share Option Plan) over 6,000,000 Ordinary Shares, of which 3,000,000 have been granted to Martin Hinxman, the Finance Director. These shares have an exercise price of 4p per share and can be exercised between one year and four years from today. The Board of the Company (other than Dr. Cox) has today agreed to grant options (not under the existing Noventa Limited Unapproved Share Option Plan) to each of Dr. Cox and Dr. Martin to subscribe for 1,000,000 Ordinary Shares at 4p per share for a period of 7 years from today. Further to the announcement made on 16 October 2009 regarding the Placing of new Ordinary Shares, the new Ordinary Shares detailed in the announcement will be admitted to trading on AIM on 22 October 2009, not 21 October 2009. The total number of Ordinary Shares in issue on the date of admission to trading of the new Ordinary Shares will be 232,750,636 with each share holding one voting right. There are no Ordinary Shares held in treasury. For further information please contact: Eric F. Kohn TD Chairman Noventa Limited +41 22 8500560 +41 79 5030150 www.noventa.net http://www.noventa.net/ Nick Harriss/Emily Staples Blomfield Corporate Finance Limited (Nomad) +44 20 7489 4500 Daniel Briggs Religare Hichens, Harrison plc (Broker) +44 20 7382 7776 Information Required to be Disclosed Under Schedule Two of the AIM Rules for Companies Full Name of Director - Dr. Ernst Joachim Martin Age - 56 Current Directorships and Partnerships:
IGAS AquabioCarbon GmbH EJM Rare Metals Consulting Services Zirco Refining GmbH Zirco Establishment Former Directorships: H. C. Starck GmbH Full Name of Director - Guy Edward Sinnott Coltman Age - 41 Current Directorships and Partnerships: Carey Olsen Lynx Limited Motelands Limited This information is provided by RNS The company news service from the London Stock Exchange END
BOAFEMFLSSUSEIS More |
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| 16-10-09 | RNS |
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RNS Number : 9209A Noventa Limited 16 October 2009 Noventa Limited ("Noventa" or the "Company") Further Placing 16 October 2009 Further to the announcement released on 14 October 2009 re Result of Placing and Open Offer, Noventa is pleased to announce that it has today completed an additional placing of 40,463,952 Ordinary Shares at 4p per share ("Additional Placing Shares") for a total gross consideration of £1,618,558. This includes a subscription for 887,252 Ordinary Shares by Barons Financial Services Limited, (a company in which Eric Kohn TD, the Chairman has a beneficial interest). Mr. Kohn had previously agreed to subscribe for a minimum of 625,000 new Ordinary Shares in the current fundraising round; in total he has subscribed for 1,250,000 new Ordinary 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 Additional Placing Shares.
The following table sets out details of Significant Shareholders (as defined in the AIM Rules) of the Company following the issue of the Additional Placing Shares.
Highland African Ventures Limited is owned by a trust whose trustee is Fleming Family & Partners Liechtenstein and Mr. R J Fleming is one of the potential beneficiaries. Fleming Family & Partners Liechtenstein has a total interest, including through Highland African Ventures Limited, in a total of 86,708,892 shares (37.42% of the issued shares). Mr. R J Fleming has an interest, including through Highland African Ventures Limited, in a total of 85,208,892 shares (36.77% of the issued shares). The Additional Placing Shares to be issued will rank pari passu with the Company's Existing Ordinary Shares. It is expected that admission will become effective and that trading will commence on 21 October 2009. The total number of Ordinary Shares in issue on the date of admission to trading of the Additional Placing Shares will be 231,719,324 with each share holding one voting right. There are no Ordinary Shares held in treasury. Defined terms used in this announcement are set out in either the announcement of the 10 September 2009 or in the circular sent to shareholders of Noventa on 24 September 2009. For further information please contact: Eric F. Kohn TD Chairman Noventa Limited +41 22 8500560 +41 79 5030150 www.noventa.net http://www.noventa.net/ Nick Harriss/Emily Staples Blomfield Corporate Finance Limited (Nomad) +44 20 7489 4500 Daniel Briggs Religare Hichens, Harrison plc (Broker) +44 20 7382 7776 This information is provided by RNS The company news service from the London Stock Exchange END
IOEMFBBTMMJBBML More |
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| 14-10-09 | RNS |
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RNS Number : 7421A Noventa Limited 14 October 2009 Noventa Limited ("Noventa" or the "Company") Result of EGM 14 October 2009 The Company is pleased to confirm that all resolutions were passed at today's EGM. Eric Kohn TD, the Company's Chairman commented: "I am delighted by the confidence that both existing shareholders and new investors have shown in the Company and its Board of Directors. We will now proceed with our stated intention of returning the Company's Marropino mine to production as swiftly and efficiently as possible while also preparing for the Company's long term development." For further information please contact: Eric F. Kohn TD Chairman Noventa Limited +41 22 8500560 +41 79 5030150 www.noventa.net http://www.noventa.net/ Nick Harriss/Emily Morgan Blomfield Corporate Finance Limited (Nomad) +44 20 7489 4500 Daniel Briggs Religare Hichens, Harrison plc +44 20 7382 7776 This information is provided by RNS The company news service from the London Stock Exchange END
REGGUGUUUUPBURC More |
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| 28-10-09 | ||||
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Hello Cyberhub,
I think you put your points very succinctly. I have to agree this play is a medium term play but is one that will show good upsides from the current entry price. I agree with your points on dilution but the value to the company of having Marropino back in production is considerably higher than today's value even taking into account the dilution point. We will be getting regular updates from the company so I think this bodes well. This represents a good entry point in my oppinion then pop these in the drawer for a while and just let them grow. More | View thread (2) | Respond | Login to Vote up | Login to Vote down |
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| 22-10-09 |
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http://www.miningweekly.com/article/tantalum-industry-in-dire-need-of-new-resources-2009-10-21
WASHINGTON - A severe supply crunch has hit the tantalum industry, and stockpiles of the metal used primarily in consumer electronic products could run dry in as little as three years, an industry analyst said on Tuesday. "The industry at the moment is living on stocks. Late last year it was estimated that there was enough tantalum in the supply chain to last for two years. That was last year ... that will run out by 2012," said Patrick Stratton, senior analyst with Roskill Information Services Ltd. during a panel discussion titled, The 'Alternative Energy' Metals at the Managing Supply Chain Risks for Critical & Strategic Metals conference in Washington, D.C. Stratton said the industry's problems were largely brought on by an unprecedented spike in the spot market price in 2000 after similar supply fears caused many nervous dealers to lock themselves into long-term contracts at very high market prices. "They (tantalum capacitor manufacturers) paid for it dearly with inventory write-downs and future inventory write-downs," Stratton said. After a period of relative stability in the market, he said, everything "fell off of a cliff" in 2008, as the economic downturn put the brakes on consumer demand. Many companies suspended production, including Australia's Talison Minerals, which provided about a third of the world's tantalum supply. Others included Noventa's Mozambique mine and Canada's Tanco mine. Talison plans to reactivate its Wodgina mine in mid-2010. "We have a situation now where primary production of tantalum is limited to material coming out of Brazil, some production coming out of Africa, some Chinese material, and that is about it," Stratton said. He saw only two real possibilities for new acceptable and ethical sources of tantalum, and they were both in Canada. One was the Blue River Project in British Columbia, owned by Commerce Resources Corp, which was expected to be up and running in 2011. Since 1990, tantalum's demand growth rate is about 5 percent per year. The price of tantalite, used to make tantalum metal, has been trading south of $40 a lb in the third quarter of 2009. "A good question to ask is, 'what is the downstream industry more afraid of ... the price of tantalum or not being able to get hold of any tantalum?" Stratton asked. "The second part of that is a very real possibility if something does not happen very soon." More | View thread (1) | Respond | Login to Vote up | Login to Vote down |
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| 19-10-09 |
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Not sure if been posted already............
http://www.netnewspublisher.com/mozambique-to-resume-tantalum-production-by-march-2010/ This is in response to some clown suggesting that Marropino mine will reopen in 3 weeks time. I am invested in NVTA and recently have bought some more, and although I consider this new extremely positive and beyond expectation, I am against people ramping up a share with unfounded and undocumented news, so be aware... More | View thread (1) | Respond | Login to Vote up | Login to Vote down |
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| 16-10-09 | ||||
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My full allocation (including the excess shares) have just been allocated today.
More | View thread (6) | Respond | Login to Vote up | Login to Vote down |
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They have not been approved or issued by Interactive Investor Trading Limited.
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