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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Alexander Mining Plc | LSE:AXM | London | Ordinary Share | GB00B06K1665 | ORD 0.001P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.0275 | 0.025 | 0.03 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMAXM
RNS Number : 1660Z
Alexander Mining PLC
29 August 2018
29 August 2018
Alexander Mining plc
("Alexander" or "the Company")
Accudo Agreement Update
The Company has received an update from Accudo Metals Pty Ltd. ("Accudo") regarding its agreement with the owners of the copper tenements and assets in Australia (the "Project"). The Project is being assessed as the first project in accordance with the technology licence agreement (the "Agreement") with Alexander for the potential use of the Company's AmmLeach(R) technology.
Accudo's Chairman, Dr. Saliba Sassine, has advised Alexander that: "Its concerted efforts on the Project financing have stalled despite having obtained conditional debt terms for 60 per cent. of the acquisition and working capital value of the desired transaction. The main impediment in completing financing arrangements has been the prevailing weakness in the base metals and mining sectors, rather than principally due to new and innovative technology aspects".
Alexander's CEO, Martin Rosser, said that: "Naturally we are disappointed with this news but will continue to work closely with Accudo on supporting its initiatives wherever possible and, of course, in its efforts regarding any other opportunities which it may look to progress under the Agreement".
ENDS
Enquiries
Martin Rosser Chief Executive Mobile: +44 (0) 7770 865 341 Alexander Mining plc Tel: +44 (0) 20 7078 9566 Email: mail@alexandermining.com Website: www.alexandermining.com Northland Capital Partners Limited Matthew Johnson / Dugald J Carlean (Corporate Finance) Isabella Pierre (Corporate Broking) Tel: +44 (0) 20 3861 6625 Turner Pope Investments (TPI) Ltd Andy Thacker Tel: +44 (0) 20 3621 4120
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
STRSEEFEUFASELA
(END) Dow Jones Newswires
August 29, 2018 08:43 ET (12:43 GMT)
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