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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Hunter Res. | HUN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.185 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.185 |
| Top Posts |
|---|
Posted at 31/5/2016 16:06 by oilbuy unter Resources plc("Hunter" or the "Company")(AIM: HUN)Update on the Company's Pampamali joint ventureFurther to the Company's announcements of 25 February 2016 and 2 March 2016, the board of directors of the Company (the "Board") is today providing an update on the Company's Pampamali joint venture.On 2 March 2016 the Company announced that that it had not yet reached agreement with the vendors of the Pampamali Project (the "Vendors") following the Company legally exercising its option to acquire 51% of the Pampamali Project (the "Option") because the Vendors continued to obstruct the legal process in Peru.. As a consequence the Company had commenced formal arbitration proceedings through the American Chamber of Commerce of Peru (the "Arbitration").In addition to the Arbitration the Company has continued to negotiate with the Vendors to try to reach a settlement and thus complete the legal formalities of the transfer of the title of the Pampamali tenements to a new locally incorporated company ("HOLDCO"), whose shares are to be held 51% by Gold Hunter SAC (the Company's 100% owned Peruvian subsidiary) and 49% by the Vendors. Following Hunter exercising the Option it is a legal obligation of the Vendors (under the terms of the amended Joint Venture Agreement between the Company and the Vendors) to transfer the title of the tenements at Pampamali to HOLDCO.The Board has been working towards reaching an agreement with the Vendors in connection with the exercise of the Option but the Vendors have been delaying the legal process. The Company and the Vendors currently have a draft agreement in hand to consider but there is no guarantee that the draft agreement will be finalised and the Board stresses that there can be no certainty that an agreement will be executed as a binding contract, nor that any agreement will be executed within the timeline outlined below.In the event that: i) the Vendors fail to transfer title of the tenements at Pampamali to HOLDCO; and ii) Gold Hunter SAC does not own a 51% interest in HOLDCO by 4 July 2016 the Company's Ordinary Shares will be suspended from trading on AIM at 07.30 hrs on 5 July 2016.If suspension occurs, trading in the Ordinary Shares will remain suspended until the Vendor transfers title of the tenements at Pampamali to HOLDCO and Gold Hunter SAC holds a 51% interest in HOLDCO (together the "Conditions") or another transaction is completed (which would require the Company to publish an admission document). In the event that neither of these are concluded within six months of suspension then the admission to trading on AIM of the Ordinary Shares will be cancelled.Shareholde |
Posted at 03/2/2015 14:54 by moreforus Doc Holiday @DDS_Doc_Holi#HUN news coming out in next 48 hrs market cap tiny! Get ahead of herd..... " |
Posted at 27/8/2014 13:01 by devil20 RNS out for HUN. It seems to be moving forward...altho it could bea long run. Not in this myself but PAR, another co of Simon Hunts'...still suspended pending RTO. |
Posted at 29/8/2013 15:27 by andrbea some decent trades29/08/2013 14:56:14 HUN 0.32 O 10,952 29/08/2013 14:49:14 HUN 0.30 O 210,193 29/08/2013 14:47:45 HUN 0.33 O 200,000 29/08/2013 14:44:07 HUN 0.28 O 562,500 29/08/2013 14:39:25 HUN 0.25 O 0 29/08/2013 14:39:03 HUN 0.25 O 100,000 29/08/2013 14:30:38 HUN 0.23 O 500,000 |
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