Bezant (LON:BZT) was one of the sector’s biggest fallers after it raised £1,189,000, before expenses, through a conditional placing of 38,400,000 new ordinary shares and a subscription for 21,050,000 new ordinary shares, both at 2.0p per share.
The fundraising price represents a discount of approximately 27.3% to the closing mid-market price of 2.75 pence per ordinary share on Friday.
The net proceeds will be used towards funding the company’s planned exploration and development work programme on its near surface platinum and gold assets located in the Choco Region of Colombia, over which it holds certain options, and for the group’s general working capital purposes.
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Goldplat (LON:GDP) says Matthew Robinson will be proposed as a director at the annual general meeting on 27 October and, subject to the approval of shareholders, he will succeed Brian Moritz as non-executive chairman.
Goldplat says Robinson is a high profile figure in the growth company arena, with more than 12 years’ experience in mining and resources.
Robinson spent the last 15 years of his career as a corporate finance director at finnCap and Panmure Gordon/Durlacher.
During this time he was responsible for establishing finnCap and Panmure Gordon’s mining and resources investment businesses, in addition to his role as adviser to AIM and Official List companies on the London Stock Exchange.
Moving to the nascent finnCap in 2006, Robinson was instrumental in its rapid growth which saw it become the largest nominated adviser and broking firm, by number of clients, on the London Stock Exchange’s AIM market.
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Metminco Ltd (LON:MNC) said a total of 422.2m new shares have been placed at a price of A$0.00237 to raise about A$1.0 million.
Funds raised from the Placing will be applied towards the completion of a Feasibility Study at the Company’s 100% owned Miraflores Project and for working capital.
As announced 8 September 2016, the Miraflores Scoping Study completed by SRK Consulting (USA) Inc. on an underground only mining operation producing approximately 50,000ozs of recovered gold per annum at life of mine cash cost (C1) of US$ 555 per oz for over 9 years, is considered to be financially robust and hence represents a viable development option.
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GoldStone Resources (LON:GRL) has appointed Richard Lloyd as an independent non-executive director with immediate effect. Lloyd is currently head of business development for global metals and mining at Price Forbes & Partners Limited.
Prior to joining Price Forbes, he was a director in the resources, energy infrastructure team at ANZ London having joined from Commerzbank AG.
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Alexander (LON:AXM) subsidiary MetaLeac has been granted Canadian patent 2,693,217 for a method for ammoniacal leaching.
This patent forms part of MetaLeach’s family of core AmmLeach technologies. The patent will remain in force until 11 July 2028.
Chief executive Martin Rosser said: “We are delighted with the grant of our patent for a method for ammoniacal leaching in Canada, a country with a major mining industry.
“The patent is the overarching AmmLeach patent in our intellectual property portfolio and underpins all applications of the AmmLeach technology.”
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Karelian Diamond Resources (LON:KDR0 has outlined a series of high interest geophysical and kimberlite indicator mineral anomalies in the immediate area of its Lahtojoki property over which, in June, Karelian received a diamond mining permit.
These anomalies suggest the presence of further diamondiferous resource potential in this area.
The anomalies were outlined following an analysis by the company of the extensive geophysical data acquired, including image processed magnetic and electromagnetic data together with compilation maps of previous kimberlite indicator mineral till sampling information in the area.
The previous drilling and bulk sample information indicated that the Lahtojoki diamondiferous pipe has the potential to become a profitable open pit diamond mine.
The presence of additional diamond resource potential in the area adjacent to Lahtojoki would, if confirmed, further enhance the financial and technical attractiveness of the Lahtojoki diamond deposit.
The company has therefore submitted an application for a claim reservation over the area surrounding its Lahtojoki mining permit area.
Chairman Professor Richard Conroy said: “I am delighted that interpretation of geophysical and kimberlite indicator mineral data in the area surrounding our Lahtojoki Mining Permit area suggests the possibility of the discovery of new diamondiferous resources in the immediate vicinity of the known diamond deposit at Lahtojoki. This, if proven, will further enhance the prospects for the proposed diamond mine. ”
(LON:AXM) Alexander Mining PLC share price was +0.01p at 0.23p
(LON:BEM) Beowulf Mining PLC share price was 0p at 4.25p
(LON:BKY) Berkeley Energia Ltd share price was 0p at 46p
(LON:BZT) Bezant Resources PLC share price was -0.5p at 2.25p
(LON:CEY) Centamin PLC share price was +8.2p at 142.9p
(LON:CHL) Churchill Mining PLC share price was -0.38p at 27.13p
(LON:CZA) Coal of Africa Ltd share price was -0.05p at 3.25p
(LON:FDI) Firestone Diamonds PLC share price was +0.25p at 45.25p
(LON:FRES) Fresnillo PLC share price was +55p at 1671p
(LON:GDP) Goldplat PLC share price was 0p at 5.63p
(LON:GEMD) Gem Diamonds Ltd share price was -1.12p at 121.88p
(LON:GRL) GoldStone Resources Ltd share price was +0.03p at 2.63p
(LON:HOC) Hochschild Mining PLC share price was +4.15p at 257.95p
(LON:KMR) Kenmare Resources PLC share price was +3.5p at 284p
(LON:MNC) Metminco share price was 0p at 0.16p
(LON:VED) Vedanta Resources PLC share price was +25.95p at 521.25p
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