30th Jun 2009 14:38
NOVENTA LIMITED
("Noventa" or the "Company")
[AIM: NVTA]
NOTICE OF ANNUAL GENERAL MEETING
Notice of the Annual General Meeting of the shareholders of the Company (the "AGM Notice") to be held at 26 New Street, St Helier, Jersey, Channel Islands on the 21 July 2009, was posted to shareholders today and is available at the company website at www.noventa.net.
As announced on 15 December 2009, Noventa secured subscription undertakings for an additional $5 million in the form of Zero Coupon Convertible Unsecured Loan Notes (the "Convertibles"). The company issued $4,200,000 to Highland African Ventures Limited ("HAVL") and $800,000 to BlackRock World Mining Trust plc ("BlackRock"), both are substantial shareholders. The Convertibles are to be converted at an effective 15p per share.
On conversion of the Convertibles, HAVL and its related party's shareholding will be issued an additional 18,729,097 ordinary shares in Noventa, representing 30.3% of the fully diluted share capital. BlackRock will be issued 3,567,447 ordinary shares in Noventa, representing 5.8% of the fully diluted share capital.
Included in the AGM Notice is a resolution to approve the issue of shares to HAVL and BlackRock in connection with the conversion of the Convertibles.
30 June 2009
For further information please contact:
Clinton Wood
Noventa Limited
+27 (0) 82 880 3392 / +27 (0) 11 823 1400
www.noventa.net
Gerard Kisbey-Green
Investec Investment Banking
+44 (0) 20 7597 5167
Related Shares:
PAR.L