ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

IRR Ironridge Resources Limited

23.50
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ironridge Resources Limited LSE:IRR London Ordinary Share AU0000XINEX3 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 23.50 23.00 24.00 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

IronRidge Resources Limited Issue of Equity (1786E)

04/05/2017 9:27am

UK Regulatory


Ironridge Resources (LSE:IRR)
Historical Stock Chart


From Mar 2019 to Mar 2024

Click Here for more Ironridge Resources Charts.

TIDMIRR

RNS Number : 1786E

IronRidge Resources Limited

04 May 2017

4 May 2017

IronRidge Resources Limited

(AIM: IRR)

Issue of Equity

The Board of IronRidge Resources Limited (IronRidge or the Company) wishes to advise of the allotment and issue of 688,966 Ordinary Shares in satisfaction of employment related bonuses, following the approvals provided by the Company's shareholders at last week's Extraordinary General Meeting.

Application will be made for the shares to be admitted to trading on AIM and admission is expected to take place on Tuesday 9 May 2017.

Following the allotment and issue of these securities, the Company now has in issue a total of 238,912,391 ordinary shares.

For Further Information:

 
 IronRidge Resources Limited 
 Vincent Mascolo (Chief Executive       Tel: +61 7 3303 0610 
  Officer) 
 Nicholas Mather (Executive Chairman)   Tel: +61 7 3303 0610 
 
 SP Angel Corporate Finance LLP         Tel: +44 (0)20 3470 
                                         0470 
 Nominated Adviser and Broker 
 Jeff Keating 
  Caroline Rowe 
 
  Yellow Jersey PR Limited                Tel: +44(0)7768 537 
  Financial PR                            739 
  Dominic Barretto 
  Harriet Jackson 
 

Market Abuse Regulation (MAR) Disclosure

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM:

 
 1.   Details of the person discharging managerial 
       responsibilities/person closely associated 
---  --------------------------------------------------------------------------- 
 a)   Name:                              Nick Mather 
---  ---------------------------------  ---------------------------------------- 
 2.   Reason for the notification 
---  --------------------------------------------------------------------------- 
 a)   Position/status:                   Executive Chairman 
---  ---------------------------------  ---------------------------------------- 
 b)   Initial notification/Amendment:    Initial notification 
---  ---------------------------------  ---------------------------------------- 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  --------------------------------------------------------------------------- 
 a)   Name:                              IronRidge Resources 
                                          Ltd 
---  ---------------------------------  ---------------------------------------- 
 b)   LEI:                               213800H1JY3J7BB6BN06 
---  ---------------------------------  ---------------------------------------- 
 4.   Details of the transaction(s): section to 
       be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
---  --------------------------------------------------------------------------- 
 a)   Description of the financial       Depositary Interests 
       instrument, type of instrument:    of no par value 
       Identification code:               AU0000XINEX3 
---  ---------------------------------  ---------------------------------------- 
 b)   Nature of the transaction:         Issue of equity 
                                          as settlement 
                                          of performance 
                                          related bonuses 
---  ---------------------------------  ---------------------------------------- 
 c)   Price(s) and volume(s):              Price(s)       Volume(s) 
                                           -------------  ---------- 
                                            AUS $ 0.199    239,926 
                                           -------------  ---------- 
---  ---------------------------------  ---------------------------------------- 
 d)   Aggregated information:            Single transaction 
       Aggregated volume:                 as in 4 c) above Price(s)    Volume(s) 
       Price:                             ----------  ---------- 
                                           AUS $ 
                                            0.199      449,040 
---  ---------------------------------  ---------------------------------------- 
 e)   Date of the transaction:           3 May 2017 
                                          18.00 pm GMT 
---  ---------------------------------  ---------------------------------------- 
 f)   Place of the transaction:          Outside a trading 
                                          venue 
---  ---------------------------------  ---------------------------------------- 
 
 
 1.   Details of the person discharging managerial 
       responsibilities/person closely associated 
---  --------------------------------------------------------------------------- 
 a)   Name:                              Vincent Mascolo 
---  ---------------------------------  ---------------------------------------- 
 2.   Reason for the notification 
---  --------------------------------------------------------------------------- 
 a)   Position/status:                   Chief Executive 
                                          Officer 
---  ---------------------------------  ---------------------------------------- 
 b)   Initial notification/Amendment:    Initial notification 
---  ---------------------------------  ---------------------------------------- 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  --------------------------------------------------------------------------- 
 a)   Name:                              IronRidge Resources 
                                          Ltd 
---  ---------------------------------  ---------------------------------------- 
 b)   LEI:                               213800H1JY3J7BB6BN06 
---  ---------------------------------  ---------------------------------------- 
 4.   Details of the transaction(s): section to 
       be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
---  --------------------------------------------------------------------------- 
 a)   Description of the financial       Depositary Interests 
       instrument, type of instrument:    of no par value 
       Identification code:               AU0000XINEX3 
---  ---------------------------------  ---------------------------------------- 
 b)   Nature of the transaction:         Issue of equity 
                                          as settlement 
                                          of performance 
                                          related bonuses 
---  ---------------------------------  ---------------------------------------- 
 c)   Price(s) and volume(s):              Price(s)       Volume(s) 
                                           -------------  ---------- 
                                            AUS $ 0.246    449,040 
                                           -------------  ---------- 
---  ---------------------------------  ---------------------------------------- 
 d)   Aggregated information:            Single transaction 
       Aggregated volume:                 as in 4 c) above Price(s)    Volume(s) 
       Price:                             ----------  ---------- 
                                           AUS $ 
                                            0.246      449,040 
---  ---------------------------------  ---------------------------------------- 
 e)   Date of the transaction:           3 May 2017 
                                          18:00 pm GMT 
---  ---------------------------------  ---------------------------------------- 
 f)   Place of the transaction:          Outside a trading 
                                          venue 
---  ---------------------------------  ---------------------------------------- 
 

Notes to Editors:

IronRidge Resources is an AIM listed mineral exploration company with frontier assets in both Australia and West Africa, with two province scale projects in Gabon, and promising and advanced titanium and bauxite projects in Queensland Australia. IronRidge's corporate strategy is to create and sustain shareholder value through the discovery of world-class and globally demanded commodities.

Australia

Monogorilby is prospective for province scale titanium and bauxite with an initial maiden resource of 54.9MT of premium DSO bauxite Monogorilby is located in central Queensland, within a short trucking distance of the rail system leading north to the Port of Bundaberg. It is also located within close proximity of the active Queensland Rail network heading south towards the Port of Brisbane.

May Queen is located in Central Queensland within IRRs wholly owned Monogorilby license package and is highly prospective for gold. Historic drilling completed during the 1980s intersected multiple high-grade gold intervals including 2m @ 73.4 g/t Au (including 1m at 145g/t), 4m @ 38.8g/t Au (at end of hole) and 3m @ 18.9g/t Au, over an approximate 100m strike hosting numerous parallel vein systems, open to the north-west and south-east.

Wholly owned Quaggy contains highly anomalous platinum, palladium, nickel, cobalt and copper exploration targets and is located in Central Queensland within a short trucking distance of the dormant rail system to the Port of Bundaberg. It is also located within close proximity of the active Queensland Rail network heading south towards the Port of Brisbane.

Gabon

Tchibanga is located in south-western Gabon, in the Nyanga Province, within 10-60km of the Atlantic coastline. This project comprises two exploration licenses, Tchibanga and Tchibanga Nord, which cover a combined area of 3,396km(2) and include over 90km of prospective lithologies and the historic Mont Pele iron occurrence.

Belinga Sud is Located in the north east of Gabon in the Ogooue-Ivindo Province, approximately 400km east of the capital city of Libreville. IRR's licence lies between the main Belinga Iron Ore Deposit, believed to be one of the world's largest untapped reserves of iron ore with an estimated 1bt of iron ore at a grade >60% Fe, and the route of the Trans Gabonese railway, which currently carries manganese ore and timber from Franceville to the Port of Owendo in Libreville.

Chad

The Company entered into an agreement with Tekton Minerals Pte Ltd of Singapore concerning its portfolio covering 1,400km(2) of highly prospective gold and other mineral projects in Chad, Central Africa. Under the terms of the agreement, IronRidge currently owns 6% and will acquire a total of 60% of Tekton, including its projects and team, to advance the Dorothe, Echbara and Am Ouchar licenses, which host multiple, potentially nation-building gold projects. Initial trenching results at Dorothe, including 14.12g/t Au over 4m, 34.1g/t over 2m and 63.2g/t over 1m, have defined significant gold mineralised quartz veining over a confirmed 1km strike at an average of 2m and up to 5m true width across multiple stacked vein zones up to 200m wide with new hard-rock artisanal workings potentially extending strike to >3km.

Ghana

The Company entered into conditional joint venture arrangements with Obotan Minerals Limited, Merlink Resources Limited and Barari Developments Limited of Ghana, West Africa, securing the first access rights to acquire the historical Egyasimanku Hill spodumene rich lithium resource, estimated to be in the order of 1.48Mt at 1.67% Li(2) O and surrounding tenements. The portfolio covers some 314km(2) with a further identified 20km strike of pegmatite vein swarms, tenure package is also highly prospective for tin, tantalum, niobium and gold which occur as accessory minerals within the pegmatites and host formations.

Ivory Coast

The Company entered into conditional joint venture arrangements in Ivory Coast, West Africa; securing access rights to highly prospective gold mineralised structures and pegmatite occurrences covering a combined 3,110km(2) and 400km(2) area respectively. The projects are well located within access of an extensive bitumen road network and along strike from multi-million ounce gold projects and mines.

Corporate

IronRidge made its AIM debut in February 2015, successfully securing strategic alliances with three international companies; Assore Limited of South Africa, Sumitomo Corporation of Japan and DGR Global Limited of Australia. Assore is a high- grade iron, chrome and manganese mining specialist. Sumitomo Corporation is a global resources, mining marketing and trading conglomerate. DGR Global is a project generation and exploration specialist.

This information is provided by RNS

The company news service from the London Stock Exchange

END

IOELIFFTEVISIID

(END) Dow Jones Newswires

May 04, 2017 04:27 ET (08:27 GMT)

1 Year Ironridge Resources Chart

1 Year Ironridge Resources Chart

1 Month Ironridge Resources Chart

1 Month Ironridge Resources Chart

Your Recent History

Delayed Upgrade Clock