Publication and Posting of Circular

RNS Number : 4915U

Ovoca Gold PLC

28 December 2012

 

Ovoca Gold plc ("Ovoca" or the "Company")

Publication and Posting of Circular relating to

Disposal of Olcha Gold-Silver deposit ("Olcha")

Further to the announcement by Ovoca on 11 December 2012 that it had entered into a conditional legal agreement to sell its 100% interest in its subsidiary Olymp Limited, which holds a mining and exploration license for the Olcha gold-silver deposit, to a subsidiary of Polymetal International plc, the Company announces that a Circular has been published and posted to shareholders seeking consent to complete the Proposed Disposal.

The Circular describes in more detail the background to and the reasons for the Proposed Disposal. The Circular includes a notice convening an Extraordinary General Meeting of the Company to be held at Buswells Hotel, 23-25 Molesworth Street, Dublin 2, Ireland on 16 January 2013 at 11.00 a.m. for the purpose of considering and if considered appropriate, approving the Proposed Disposal. The terms defined in this announcement shall have the meaning ascribed to them in the Circular. The Circular will be available on www.ovocagold.com in accordance with AIM/ESM Rule 26.

Contacts:

Ovoca Gold Plc

Kirill Golovanov [phone]

Davy - NOMAD, ESM Adviser and Joint Broker

John Frain/Daragh O'Reilly [phone]

 

END

 

 

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