OVOCA Resources has recorded a loss before tax of £20,538 the 14 months to February 28th, 1996, down from the loss of £56,142 in the previous 12 months.

A brief preliminary statement said the company had decided to issue 1.25 million new ordinary shares of 2p each at a price of 15p per share to raise £185,000. The funds will be used for working capital purposes.