By HotStockRockets | Saturday 22 November 2014
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Obtala Resources (OBT) has announced that a call option for 60 million shares it currently holds in Paragon Diamonds (PRG) has been exercised. This follows earlier agreements reached with private equity investment group Titanium Capital to put “new impetus” into Paragon and has helped shares in Obtala more than 10% higher – to 10.75p-11p, capitalising the company at just below £29 million.
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