Update re. investment in EnSilica | Company Announcement investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.
· Disposal of holding in North Peak Resources Ltd generating net proceeds of c.CAD$226,032 (approximately £130,112). · Since August 2020, Vela has invested c.£3.75 million in seven new investee companies and realised profits aggregating approximately £417,000 from the sale of investments. · Current portfolio of ten investments and available cash resources of c.£2.1 million. The Board of Vela (AIM: VELA) announces that, between 24 March 2021 and 6 April 2021, the Company disposed of its entire holding of 310,000 common shares in North Peak Resources Ltd ( North Peak ) at prices between CAD$0.70 per share and CAD$0.745 per share and with an average price of CAD$0.73 per share generating net proceeds of c.CAD$226,032 (approximately £130,112) for the Company (the Disposal ).