30th Sep 2014 17:08
LONDON (Alliance News) - Touchstone Gold Ltd Tuesday reported a net loss of USD375,000 for the six months to June 30, significantly lower that the USD16.4 million loss it recorded in the first half of 2013 when it booked a huge USD13.6 million impairment on its mineral interests.
Earlier this year, the company sold all of its assets and converted into an investment company. It also cleaned up its balance sheet, having raised USD1.85 million after costs in a share placing to settle certain liabilities connected with the company's discontinued operations in Colombia and to fund the implementation of its new investment strategy.
Touchstone said Tuesday that it is actively reviewing a number of significant possible investment opportunities, specifically in the technology sector.
Touchstone Gold shares closed 14.4% higher Tuesday at 0.944 pence. The company released its earnings report after the market close.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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