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Anglesey Share Discussion Threads
Showing 21001 to 21023 of 21025 messages
|Drifting down day by day. Where is the imminent scoping study?|
|As we wait for the scoping report, the price of zinc is on the rise again......|
|Trader....well I'd be surprised if this group of conspiracy theorists don't end up in court if they carry on like this!|
|Anyone seen this
|Here is the scoping study report from 2007
I wonder what the updated one will reveal? Happy Christmas everyone!|
|Get an update on this next along with the scoping study and this will be flying.
Anglesey Mining plc
16th December 2016
LIMH completes Plan of Arrangement
Placing of New Anglesey Shares for GBP0.3 million completed
Anglesey Mining plc ("Anglesey" or the "Company") is pleased to announce that
Labrador Iron Mines Holdings Limited ("LIMH") has reported that its Plan of
Compromise and Arrangement (the "Plan") under the Canadian Companies' Creditors
Arrangement Act has been approved by creditors and sanctioned by the Ontario
Superior Court of Justice in Toronto.
The Sanction Order of the Court marks the final legal milestone in LIMH's
financial restructuring process, with implementation of the Plan scheduled for
Monday, December 19th, 2016.
Upon implementation of the arrangement creditors of LIMH will be issued, as a
group, approximately 22% of the shares of LIMH which means that Anglesey will
then hold approximately 11.9% of LIMH and will be its second largest
shareholder. Creditors will also be issued 49% of LIMH's operating subsidiary
Labrador Iron Mines Limited.
The Plan implements a restructuring of LIMH's business to preserve its mining
assets, continue its mine site activities in a care and maintenance standby
mode and position LIMH to refinance an orderly resumption of its iron ore
mining activities when economic conditions warrant.
Bill Hooley, Chief Executive, stated "We are very pleased to see LIMH passing
this major milestone which will leave it debt free and with all its major
assets intact. As a significant shareholder in LIMH we look forward to the
future development of its iron ore assets in Labrador when the economic climate
is right, and to other opportunities that LIMH is now in a position to pursue."
Placing of New Anglesey Shares completed
Anglesey also reports that the previously announced issue 12,000,000 new
ordinary shares in the Company has been completed raising a total of GBP310,200.
The issued ordinary share capital of the company is now 172,608,051 ordinary
shares of 1 pence each with voting rights; there are no shares held in
treasury. This figure may be used by shareholders as the denominator for the
calculations which will determine whether they are required to notify their
interest in the company, or any change to that interest, under the Financial
Conduct Authority's Disclosure and Transparency Rules.
The proceeds of the placement will be used for project development of
Anglesey's 100% owned Parys Mountain zinc-copper-lead deposit and for general
working capital. An updated scoping study is currently being prepared by Micon
International Limited and Fairport Engineering Limited, both of which are
acknowledged experts and leaders in the resources sector.|
|Calmtrader is 100% correct. On the last scoping study this currently has over £1 billion resource so section that in.To me it is very very positive.|
|noil no..a decent scoping report will see this 12-15p..and mid 20's on finance raised to mine!!|
|Bought another 300k shares, am I mad or what? ?|
|I see itThere is a placing next week but things look very promising for AYM in the near future.|
|its showing on isdx
|Who do you use?|
|Whenever I buy it never shows up!|
|No 100k buys showing yet?|
|No1larafan yep agree ..this is going places|
|100k shares I mean|
|Just bought another 100k, base metals still rising along with iron ore, the future looks bright :-)|
|I think you are right.If the rescoping study turns out with more resource than the previous one this will rise very quickly.£1 billion plus resource Mcap at the moment of £7 million An interest in a Swedish resource. Do the maths and I think investors will be smiling in 2017That is just my opinion|
|Yes I forgot its main market listed ;-))|
|Its not AIM Gimme, Its FTSE.
Looking strong, Zinc doing its bit also,|