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KDR Karelian Diamond Resources Plc

2.15
0.00 (0.00%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Karelian Diamond Resources Plc LSE:KDR London Ordinary Share IE00BD09HK61 ORD EUR0.00025 (CDI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 2.15 92,767 08:00:00
Bid Price Offer Price High Price Low Price Open Price
2.00 2.30 2.15 2.15 2.15
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc Nonmtl Minrls, Ex Fuels EUR 10k EUR -291k EUR 0.0000 - 156.98M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:27:42 O 50,000 2.2144 GBX

Karelian Diamond Resources (KDR) Latest News

Karelian Diamond Resources (KDR) Discussions and Chat

Karelian Diamond Resources (KDR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-03-18 15:27:432.2150,0001,107.20O
2024-03-18 15:04:312.217,767171.99O
2024-03-18 08:48:212.0025,000500.00O
2024-03-18 08:14:102.2310,000222.80O

Karelian Diamond Resources (KDR) Top Chat Posts

Top Posts
Posted at 18/3/2024 08:20 by Karelian Diamond Resources Daily Update
Karelian Diamond Resources Plc is listed in the Misc Nonmtl Minrls, Ex Fuels sector of the London Stock Exchange with ticker KDR. The last closing price for Karelian Diamond Resources was 2.15p.
Karelian Diamond Resources currently has 7,301,301,041 shares in issue. The market capitalisation of Karelian Diamond Resources is £156,977,972.
This morning KDR shares opened at 2.15p
Posted at 22/2/2024 13:52 by spig69
A very quiet thread of late. Maybe it's the enormous amount of news being released lately! Having profited from a small sale of Anglo American this morning, I decided to plunge back into KDR with a 54909 purchase just to top me up. Don't like holding too many shares in 1 basket but i'm hoping my great niece will benefit from this company finding a big fat pink diamond in 2075. Even the Prof's daughter will be too old to manage this company by the time they mine their 1st diamond! I'll leave my shares to my great niece. Should be fun for her to go 20 years of hoping all to no avail whilst watching placing after placing occur dwindling away the ownership of the company she once enjoyed.
Posted at 02/11/2023 11:26 by rbonnier
Share Price is in a real bad place thanks to conroy all about sellers not a buyer in sight still can't get my head round why he decided to wipe out the share price .This year's AGM is going to be a very nasty angry affair vented at Conroy I wouldn't be surprised due to the anger of shareholders if he just walks out after the vote .I will be voting against the resolutions at the meeting.
Posted at 13/10/2023 13:37 by hooops
Have Monecor sold all their shares and exercised their warrants to sell the warrants on Monday. Is that what has been weighing on the share price constantly? Should rise after they are out.

ReplyRecommend (1)Report Post
Yogi1

Posts: 266

Price: 3.75

No Opinion

RE: Monecor and Oval XToday 14:31
The shareholder passed requisite resolutions to place the Company into Member’s Voluntary Liquidation

(“MVL”) and Stephen Cork and Mark Smith of Cork Gully LLP, 6 Snow Hill, London, EC1A 2AY (website address:

hxxps://corkgully.com) have been appointed to act as joint liquidators (“the Joint Liquidators”) with effect from

6 September 2023. The Financial Conduct Authority had previously consented to the appointment of the Joint

Liquidators on 4 September 2023.

ReplyRecommendReport Post
Yogi1

Posts: 266

Price: 3.75

No Opinion

RE: Monecor and Oval XToday 14:29
Monecor (London) Limited (recently trading as OvalX and formerly trading as ETX Capital) was placed into Member’s Voluntary Liquidation on 6 September 2023



BUST !!! THATS WHY SELLING ?
Posted at 12/8/2023 09:23 by hooops
All of a sudden he converted his loan into shares almost on the last breath of trading 2022

before the market closed hmmmmmmmmmmm

The Company has agreed with the Lender to vary the terms of the Convertible Loan Note

such that the conversion price of the Convertible Loan Note is amended from 10 pence per

Ordinary Share to 4 pence per Ordinary Share (the “Revised Conversion Price”). The

Revised Conversion Price represents an 81% premium on the Company’s closing mid-market

share price on 19 December 2022.

Following the variation to the existing loan agreement as detailed above, the Lender has

immediately exercised its conversion rights and submitted a notice of conversion to the

Company in relation to the Convertible Loan Note (“Conversion”). At the Revised

Conversion Price, the loan and all accrued interest (£138,000 as at 10 December 2022) is

convertible into 3,450,000 new Ordinary Shares (the “Conversion Shares”).

Following the issue of the Conversion Shares, Mr Fredrik Björnberg is expected to have a

beneficial interest in a total of 6,450,000 Ordinary Shares in the Company, representing

7.63% of the enlarged issued share capital of the Company on Admission
Posted at 01/8/2023 11:55 by rbonnier
SP will be held back until CGNR get their extra 3% at 7.5P .If kdr share price was allowed to say 6P on current buying the share price could then more than double to 12 - 15P with news leaving cgnr with half the shares they would get if the share price was 7.5P .
Posted at 01/8/2023 10:51 by hooops
something in this Are we missing??


FUNDRAISING SUMMARY
The Fundraising was arranged at 2 pence per share (the “Issue Price”), representing a discount
of 20 per cent. to the closing mid-market price of 2.5 pence on 28 November 2022.
 Placing of 12,500,000 ordinary shares of €0.00025 each (“Ordinary Shares”) at a price
of 2 pence per Ordinary Share to raise £250,000 before expenses (the “Fundraising
Shares”).
 Each Fundraising Share carries a warrant to subscribe for one new Ordinary Share at a
price of 4 pence per Ordinary Share exercisable for a period of 2 years from the
admission to trading on AIM of the Fundraising Shares (“Admission221;), creating
12,500,000 warrants (“Fundraising Warrants”).
 The Fundraising has been arranged by Monecor (London) Ltd trading as OvalX, who are
acting as placing agent to the Company for the purposes of the Fundraising. OvalX will
be issued with 600,000 warrants at a price of 2 pence per Ordinary Share exercisable for a
period of 2 years from Admission of the Fundraising Shares (“Broker Warrants”, and
together with the Fundraising Warrants, the “Warrants̶1;). Should all the above Warrants
be exercised on or before 5 December 2024, this would generate an additional £512,000
of funding for the Company over and above the amount secured through this
Fundraising. There can be no guarantee that any Warrants will be exercised in the future
and that additional proceeds will be received by the Company.
 The Fundraising Shares will represent approximately 15.4 per cent. of the enlarged issued
share capital of the Company and has been issued to a combination of mainly new
investors and certain existing shareholders.
Posted at 31/7/2023 09:18 by hooops
28th MAY 21



FINANCING SUMMARY
The Financing was arranged at 4 pence per share (the “Issue Price”), representing a discount of
11 per cent. to the closing bid price of 4.5 pence on 27 May 2021.
 Placing and subscription of 13,000,000 ordinary shares of €0.00025 each (“Ordinary
Shares”) at a price of 4 pence per Ordinary Share to raise £520,000 before expenses (the
“Financing Shares”).
 In conjunction with the Fundraising certain parties, including Professor Richard Conroy
(Chairman of the Company) and Maureen Jones (Managing Director of the Company),
have also capitalised amounts owed to them totalling £80,000 through the issue of
2,000,000 new Ordinary Shares at the Issue Price (the “Debt Capitalisation Shares”).
 The Financing increases the Company’s exploration capacity and strengthens its working
capital position.
 Each Financing Share and Debt Capitalisation Share carries a warrant to subscribe for
one new Ordinary Share at a price of 8 pence per Ordinary Share exercisable for a period
of 30 months from the admission to trading on AIM of the Financing Shares and the
Debt Capitalisation Shares (“Admission221;), creating 15,000,000 Financing Warrants.
 The Fundraising has been arranged by the Company’s broker, First Equity Limited, who
will be issued with 1,250,000 Financing Warrants.
 Should all the above Financing Warrants be exercised on or before 9 December 2023,
this would generate an additional £1,300,000 of funding for the Company over and
above the amount secured through this Financing. There can be no guarantee that any
warrants will be exercised in the future and that additional proceeds will be received by
the Company.
 The Financing Shares will represent approximately 19.0 per cent. of the enlarged issued
share capital of the Company and has been issued to a combination of mainly new
investors and certain existing shareholders. The Financing comprises 12,250,000 new
Ordinary Shares to be issued to investors pursuant to a placing arranged by First Equity
Limited and 750,000 new Ordinary Shares to be issued to certain existing shareholders
pursuant to a subscription with the Company.
 The Debt Capitalisation Shares will represent approximately 2.9 per cent. of the enlarged
issued share capital of the Company.


9TH DEC
Posted at 31/7/2023 09:10 by hooops
The warrants were those of the 18%unnamed back in 2021 @ 8p and suspect they will get executed with all OTHER warrants .
Combined the warrants 1.5 mil cash in kdr bank
7.5p or 8 p tight to set the share price anywhere between the two.
Warrants for the 18% back in 21 ends 13th December 23 i think .
Posted at 04/7/2023 17:00 by rbonnier
Well I've thought for a long time KDR don't want the share price to go up and want to keep it as low as possible that is becoming blatantly obvious now.An all paper offer from CGNR is around the corner probably 3KDR shares for 1 CGNR share judging by the share price of both companies.When that's done and dusted the news will start rolling in on both Fronts and RIO will then come in with a big cash offer for CGNR and that's it Prof 90 CGNR and KDR all gone everyone happy and Prof to enjoy his retirement with a boat load of cash !
Posted at 19/5/2023 06:04 by hooops
Karelian Diamond Resources plc

(“Karelian Diamonds” or the “Company”;)

Fundraising of £100,000, Debt Capitalisation and Related Party Transactions

HIGHLIGHTS:

Financing of £362,500 including fundraising of £100,000, issue of Convertible Loan for £112,500 together with Debt Capitalisation of £125,000 and Creditor Conversion of £25,000
Fundraising, Debt Capitalisation and Creditor Conversion totalling £250,000 at 2.5 pence per share
Convertible Loan of £112,500 issued, convertible at 5 pence per share
Both the Debt Capitalisation and Convertible Loan agreed with Conroy Gold and Natural Resources PLC
Funds to be used to accelerate exploration programmes in Finland and Ireland
Karelian Diamond Resources PLC (AIM: KDR), the diamond and base metals exploration and development company focused on Finland and Ireland, is pleased to announce a fundraising of £100,000 to accelerate exploration on its exploration programmes for diamonds in the Kuhmo region of Finland, where interpretation of geophysical data has revealed a series of kimberlite targets (announced by the Company on 7 June 2022), and exploration for nickel, copper and platinum group metals in Northern Ireland.

The Company has also entered into an agreement with Conroy Gold and Natural Resources PLC (“Conroy Gold”) in relation to a debt capitalisation of £125,000 and a further debt exchange into a convertible loan of £112,500, further details of which are set out below.

FUNDRAISING SUMMARY

Placing of 4,000,000 new ordinary shares (the “Fundraising Shares”) of €0.00025 each (“Ordinary Shares”) to raise £100,000 before expenses (the “Fundraising”).
The Fundraising was arranged at 2.5 pence per share (the “Issue Price”), representing a discount of 3.8 per cent. to the closing mid-market price of 2.6 pence per Ordinary Share on 18 May 2023.
In conjunction with the Fundraising, certain parties have also capitalised amounts owed to them totalling £25,000 through satisfaction of these amounts by the issue of 1,000,000 new Ordinary Shares at the Issue Price (the “Investment Shares”).
The Fundraising increases the Company’s exploration capacity and strengthens its working capital position.
Each Fundraising Share and Investment Share carries a warrant to subscribe for one new Ordinary Share at a price of 5 pence per ordinary Share exercisable for a period of 18 months from Admission (as defined below), creating 5,000,000 warrants (the “Fundraising Warrants”).
The Fundraising has been arranged by First Equity Ltd who are acting as placing agent to the Company for the purposes of the Fundraising. First Equity Ltd will be issued with 400,000 warrants at a price of 2.5 pence per Ordinary Share exercisable for a period of 18 months from Admission of the Fundraising Shares (“Broker Warrants” and, together with the Fundraising Warrants, the “Warrants̶1;).
If at any time during the warrant exercise period the volume-weighted average price (VWAP) of the Ordinary Shares exceeds 7.5p for 5 trading days then the Company may give warrant holders notice to exercise their warrants no later than 10 days after receipt of the notice following date which the warrant will lapse. Should all the above Fundraising Warrants be exercised on or before 30 November 2024, this would generate an additional £250,000 of funding for the Company over and above the amount secured through this Fundraising. There can be no guarantee that any Warrants will be exercised in the future and that additional proceeds will be received by the Company.
DEBT CAPITALISATION BY CONROY GOLD AND NATURAL RESOURCES PLC

As set out in the Company’s financial statements, the Company shares accommodation and staff with Conroy Gold which has certain common directors and shareholders. As at the end of the six-month period ending 30 November 2022 Conroy Gold was owed €234,651. The Company has agreed with Conroy Gold that it will capitalise an amount equivalent to £125,000 of this balance into 5,000,000 new Ordinary Shares at the Issue Price (the “Debt Capitalisation Shares”). Remaining outstanding amounts equivalent to £112,500 will be incorporated into a convertible loan note (the “Loan Note”) with a term of 18 months attracting an interest rate of 5% per annum payable on the redemption or conversion of the Loan Note. The Loan Note can be converted at the option of Conroy Gold at 5 pence per Ordinary Share, which is equivalent to the exercise price of the Fundraising Warrants.

On Admission, Conroy Gold will be interested in 5,000,000 Ordinary Shares equivalent to 5.29% of the enlarged issued share capital of Karelian Diamonds on Admission.

During the year ended 31 May 2022 Conroy Gold generated a loss before taxation of €256,484 on €nil turnover. Net assets of Conroy Gold as at 30 November 2022 were €22,623,787.

WORK PROGRAMME

The additional funding raised by Karelian Diamonds will contribute to the cost of the work programmes detailed in the Company’s announcement on 24th April 2023 and specifically in relation to the commencement of further work in the Kuhmo region of Finland exploring for diamonds and in Northern Ireland for nickel, copper and platinum group metals.

DEBT CAPITALISATION - RELATED PARTY TRANSACTIONS

The issue to Conroy Gold of the Debt Capitalisation Shares and the Loan Note are deemed to be related party transactions pursuant to rule 13 of the AIM Rules for Companies.

The Independent Directors (being Seamus Fitzpatrick and Dr Sor?a Conroy) consider, having consulted with the Company’s nominated adviser, Allenby Capital Limited, that the terms of the Debt Capitalisation and the Loan Note are fair and reasonable insofar as Shareholders are concerned.

ADMISSION, WARRANTS AND TOTAL VOTING RIGHTS

An application will be made to admit the Fundraising Shares, the Investment Shares and the Debt Capitalisation Shares (totalling 10,000,000 new Ordinary Shares) to trading on the AIM market of the London Stock Exchange on or around 26 May 2023 (“Admission221;). The Fundraising Shares and the Investment Shares have been issued to a combination of mainly new investors and certain existing shareholders and, together with the Debt Capitalisation Shares, will represent approximately 10.58 per cent. of the enlarged issued share capital of the Company.

The Fundraising and Debt Capitalisation has been conducted within the Company’s existing share authorities and is conditional on admission of the Fundraising Shares, the Investment Shares and the Debt Capitalisation Shares to trading on AIM becoming effective.

Following the Admission, the issued share capital of the Company will comprise 94,492,749 Ordinary Shares, with one voting right per Ordinary Share. The Company does not hold any shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company will be 94,492,749.

Following Admission, the above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
Karelian Diamond Resources share price data is direct from the London Stock Exchange

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