News blog

Evocutis

  • BY: Andrew Hore |
  • POSTED: 28/08/2014 |

Anyone who thought that David Lenigas would have lots of spare time when he left the boards of Polemos and Leni Gas & Oil yesterday is wrong because he has turned up on the board of Evocutis Group. 

Evocutis developed skin care products including Labskin and it has sold most of its business leaving it with some remaining intellectual property. Lenigas and his normal companion Donald Strang are joining the Evocutis board and, unsurprisingly, are changing it into a natural resources shell.

Evocutis will raise £210,000 at 0.12p a share. The current share price is 0.19p. A capital reorganisation will be required to issue the new shares and shareholders are asked to agree to this at a general meeting on 12 September.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFAugust2014_59.pdf

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