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HIGHLIGHTS
 Troy sold its 1.92 million shares of Volta Resources Inc.
 Net proceeds of C$4.5 million or approximately A$4.5 million
 Troy will book a pre-tax profit on the sale of approximately A$4.2m in the December 31 half year results.
PERTH,

PERTH, Western Australia: Troy Resources NL (“Troy”) (TSX: TRY, ASX: TRY) is pleased to announce the sale of its interest in Volta Resources Inc. (“Volta”) (TSX: VTR).
Volta is a TSX listed gold explorer focussed on West Africa. Troy sold its 1,923,076 shares in an off-market transaction.
Net proceeds from the sale are approximately A$4.5 million. The interest was originally acquired via the then TSX listed Birim Goldfields Inc. for A$3.3m in May 2006. With fall in equity markets during the global financial crisis, the carrying value of the interest was written down in the December 2008 accounts to A$0.3m and thus a pre-tax profit on the sale of the interest of approximately A$4.2 million will be recorded in the December half year financial results.


 
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Autor (Datum des Eintrages): maxi1010  (20.12.10 06:55:49)
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