Ovoca shares readmitted to trading on AIM

30th Jul 2018 09:09

(Sharecast News) - Ovoca Gold's shares were readmitted to trading on AIM on Monday following its recent operational shake-up.Shareholders in the London-listed group approved its new moniker of Ovoca Bio on Friday before an official application for the name change was sent to the Registrar of Companies.Earlier in July, Ovoca conditionally agreed to acquire up to 59.9% of Russian firm IVIX for a cash consideration of roughly $6.2m.Ovoca's board stated the acquisition of IVIX presented an "attractive opportunity" for the company.With Ovoca's shares being readmitted to trading, the firm will now seek to dispose of its remaining mining assets in "an orderly fashion".As of 0910 BST, Ovoca shares had dipped 4.76% to 10p.