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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Mkango Resources Ltd | LSE:MKA | London | Ordinary Share | CA60686A4090 | CMN SHS 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% | 7.10 | 6.70 | 7.50 | 7.10 | 7.10 | 7.10 | 6,732 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Miscellaneous Metal Ores,nec | 0 | -5.99M | -0.0236 | -4.66 | 27.88M |
From Apr 2019 to Apr 2024
TIDMMKA
RNS Number : 2236V
Mkango Resources Limited
01 November 2017
MKANGO RESOURCES LTD.
706 27 Avenue NW,
Calgary, Alberta T2M 2J3
MKANGO GRANTS STOCK OPTIONS
Calgary, Alberta: November 1(st) , 2017 - Mkango Resources Ltd (AIM / TSX-V:MKA) (the "Company" or "Mkango"), announces that, subject to regulatory approval, Mkango has granted 2,840,000 stock options ("Options") to directors, officers, employees and consultants of the Company.
The Options have an exercise price of $0.07 CDN per common share, will vest over the next two years and are valid for a period of 10 years from the date of grant.
The Options granted to the following directors are in accordance with the Company's stock Option plan pre-approved by shareholders.
Hot Features
Premium
Name of Director Proposed New Options Total Options held
--------------------------- ------------------------------- --------------------------------------------
Derek Linfield
Non-Executive
Chairman 680,000 1,730,000
--------------------------- ------------------------------- --------------------------------------------
Alexander Lemon 705,000 2,455,000
President
--------------------------- ------------------------------- --------------------------------------------
William Dawes 705,000 2,455,000
CEO
--------------------------- ------------------------------- --------------------------------------------
Adrian Reynolds 180,000 810,000
Non Executive
Director
--------------------------- ------------------------------- --------------------------------------------
David Berg 180,000 810,000
Non Executive
Director
--------------------------- ------------------------------- --------------------------------------------
Eugene Chen 180,000 810,000
Non Executive
Director
--------------------------- ------------------------------- --------------------------------------------
The Company also announces that Jub Capital Limited is to be issued with 666,666 common shares in satisfaction of a corporate advisory fee payable on the first anniversary of the Company's admission to AIM. Application will be made for the 666,666 new shares to be issued, which will rank pari passu with the existing common shares, to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings will commence on or around 6 November 2017.
Total Voting Rights
Following the issue of these shares, the issued share capital of the Company will consist of 98,864,853 common shares. No shares were held in treasury at the date of this announcement. The total current voting rights in the Company are therefore 98,864,853.
The above total current voting rights number is the figure which may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in the Company.
About Mkango Resources Limited
Mkango's primary business is the exploration for rare earth elements and associated minerals in the Republic of Malawi, a country whose hospitable people have earned it a reputation as "the warm heart of Africa." Mkango holds, through its wholly owned subsidiary Lancaster Exploration Limited, a 100% interest in two exclusive prospecting licenses in southern Malawi, the Phalombe licence and the Thambani licence.
The main exploration target in the Phalombe licence is the Songwe Hill rare earths' deposit, which features carbonatite hosted rare earth mineralisation and was subject to previous exploration in the late 1980s. Mkango completed an updated Pre-feasibility Study for the project in November 2015. Mkango's strategy for Songwe is to further optimise the project with a view to maximising efficiency and reducing costs, thereby providing a strong platform for entering into partnerships, marketing and offtake arrangements. In December 2016, Mkango entered into an agreement with Noble Resources to collaborate in the rare earths sector.
In September 2017, Mkango signed a binding joint venture principles and exclusivity agreement with Metalysis for advanced alloys using neodymium or praseodymium with other elements for magnet manufacturing. Following successful Phase I production of a neodymium-iron-boron ("NdFeB") alloy powder using Metalysis' solid-state technology, the Phase II R&D programme has commenced. NdFeB alloys are used to make permanent magnets, critical components of most electric vehicles, direct drive wind turbines and many other high growth applications. Neodymium is also a key component of the Company's Songwe Hill rare earths project.
The main exploration targets in the Thambani licence are uranium, niobium, tantalum and zircon.
For more information, please visit www.mkango.ca.
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: Derek Linfield
------------ ----------------------------------- -------------------------------------------------------------------
2. Reason for the notification
------------ --------------------------------------------------------------------------------------------------------
a) Position/status: Non-Executive
Chairman
------------ ----------------------------------- -------------------------------------------------------------------
b) Initial Initial notification
notification/Amendment:
------------ ----------------------------------- -------------------------------------------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
------------ --------------------------------------------------------------------------------------------------------
a) Name: Mkango Resources
Limited
------------ ----------------------------------- -------------------------------------------------------------------
b) LEI: 213800RPILRWRUYNTS85
------------ ----------------------------------- -------------------------------------------------------------------
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 Common shares
financial of nil pence
instrument, type of each
instrument: CA60686A4090
Identification code:
------------ ----------------------------------- -------------------------------------------------------------------
b) Nature of the Issue of options
transaction:
------------ ----------------------------------- -------------------------------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
-------------------- -------------------
$0.07 CDN 680,000
-------------------- -------------------
------------ ----------------------------------- -------------------------------------------------------------------
d) Aggregated information: Single transaction
Aggregated volume: as in 4 c) above Price(s) Volume(s)
Price: ------------------- -------------------
$0.07
CDN 680,000
------------------- -------------------
------------ ----------------------------------- -------------------------------------------------------------------
e) Date of the transaction: 1(st) November
2017
------------ ----------------------------------- -------------------------------------------------------------------
f) Place of the transaction: Outside a trading
venue
------------ ----------------------------------- -------------------------------------------------------------------
1. Details of the person discharging managerial
responsibilities/person closely associated
------------ --------------------------------------------------------------------------------------------------------
a) Name: Alexander Lemon
------------ ----------------------------------- -------------------------------------------------------------------
2. Reason for the notification
------------ --------------------------------------------------------------------------------------------------------
a) Position/status: President and
Executive Director
------------ ----------------------------------- -------------------------------------------------------------------
b) Initial Initial notification
notification/Amendment:
------------ ----------------------------------- -------------------------------------------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
------------ --------------------------------------------------------------------------------------------------------
a) Name: Mkango Resources
Limited
------------ ----------------------------------- -------------------------------------------------------------------
b) LEI: 213800RPILRWRUYNTS85
------------ ----------------------------------- -------------------------------------------------------------------
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 Common shares
financial of nil pence
instrument, type of each
instrument: CA60686A4090
Identification code:
------------ ----------------------------------- -------------------------------------------------------------------
b) Nature of the Issue of options
transaction:
------------ ----------------------------------- -------------------------------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
-------------------- -------------------
$0.07 CDN 705,000
-------------------- -------------------
------------ ----------------------------------- -------------------------------------------------------------------
d) Aggregated information: Single transaction
Aggregated volume: as in 4 c) above Price(s) Volume(s)
Price: ------------------- -------------------
$0.07
CDN 705,000
------------------- -------------------
------------ ----------------------------------- -------------------------------------------------------------------
e) Date of the transaction: 1(st) November
2017
------------ ----------------------------------- -------------------------------------------------------------------
f) Place of the transaction: Outside a trading
venue
------------ ----------------------------------- -------------------------------------------------------------------
1. Details of the person discharging managerial
responsibilities/person closely associated
------------ --------------------------------------------------------------------------------------------------------
a) Name: William Dawes
------------ ----------------------------------- -------------------------------------------------------------------
2. Reason for the notification
------------ --------------------------------------------------------------------------------------------------------
a) Position/status: Chief Executive
Officer
------------ ----------------------------------- -------------------------------------------------------------------
b) Initial Initial notification
notification/Amendment:
------------ ----------------------------------- -------------------------------------------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
------------ --------------------------------------------------------------------------------------------------------
a) Name: Mkango Resources
Limited
------------ ----------------------------------- -------------------------------------------------------------------
b) LEI: 213800RPILRWRUYNTS85
------------ ----------------------------------- -------------------------------------------------------------------
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 Common shares
financial of nil pence
instrument, type of each
instrument: CA60686A4090
Identification code:
------------ ----------------------------------- -------------------------------------------------------------------
b) Nature of the Issue of options
transaction:
------------ ----------------------------------- -------------------------------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
-------------------- -------------------
$0.07 CDN 705,000
-------------------- -------------------
------------ ----------------------------------- -------------------------------------------------------------------
d) Aggregated information: Single transaction
Aggregated volume: as in 4 c) above Price(s) Volume(s)
Price: ------------------- -------------------
$0.07
CDN 705,000
------------------- -------------------
------------ ----------------------------------- -------------------------------------------------------------------
e) Date of the transaction: 1(st) November
2017
------------ ----------------------------------- -------------------------------------------------------------------
f) Place of the transaction: Outside a trading
venue
------------ ----------------------------------- -------------------------------------------------------------------
1. Details of the person discharging managerial
responsibilities/person closely associated
------------ --------------------------------------------------------------------------------------------------------
a) Name: Adrian Reynolds
------------ ----------------------------------- -------------------------------------------------------------------
2. Reason for the notification
------------ --------------------------------------------------------------------------------------------------------
a) Position/status: Non-Executive
Director
------------ ----------------------------------- -------------------------------------------------------------------
b) Initial Initial notification
notification/Amendment:
------------ ----------------------------------- -------------------------------------------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
------------ --------------------------------------------------------------------------------------------------------
a) Name: Mkango Resources
Limited
------------ ----------------------------------- -------------------------------------------------------------------
b) LEI: 213800RPILRWRUYNTS85
------------ ----------------------------------- -------------------------------------------------------------------
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 Common shares
financial of nil pence
instrument, type of each
instrument: CA60686A4090
Identification code:
------------ ----------------------------------- -------------------------------------------------------------------
b) Nature of the Issue of options
transaction:
------------ ----------------------------------- -------------------------------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
-------------------- -------------------
$0.07 CDN 180,000
-------------------- -------------------
------------ ----------------------------------- -------------------------------------------------------------------
d) Aggregated information: Single transaction
Aggregated volume: as in 4 c) above Price(s) Volume(s)
Price: ------------------- -------------------
$0.07
CDN 180,000
------------------- -------------------
------------ ----------------------------------- -------------------------------------------------------------------
e) Date of the transaction: 1(st) November
2017
------------ ----------------------------------- -------------------------------------------------------------------
f) Place of the transaction: Outside a trading
venue
------------ ----------------------------------- -------------------------------------------------------------------
1. Details of the person discharging managerial
responsibilities/person closely associated
------------ --------------------------------------------------------------------------------------------------------
a) Name: David Berg
------------ ----------------------------------- -------------------------------------------------------------------
2. Reason for the notification
------------ --------------------------------------------------------------------------------------------------------
a) Position/status: Non-Executive
Director
------------ ----------------------------------- -------------------------------------------------------------------
b) Initial Initial notification
notification/Amendment:
------------ ----------------------------------- -------------------------------------------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
------------ --------------------------------------------------------------------------------------------------------
a) Name: Mkango Resources
Limited
------------ ----------------------------------- -------------------------------------------------------------------
b) LEI: 213800RPILRWRUYNTS85
------------ ----------------------------------- -------------------------------------------------------------------
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 Common shares
financial of nil pence
instrument, type of each
instrument: CA60686A4090
Identification code:
------------ ----------------------------------- -------------------------------------------------------------------
b) Nature of the Issue of options
transaction:
------------ ----------------------------------- -------------------------------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
-------------------- -------------------
$0.07 CDN 180,000
-------------------- -------------------
------------ ----------------------------------- -------------------------------------------------------------------
d) Aggregated information: Single transaction
Aggregated volume: as in 4 c) above Price(s) Volume(s)
Price: ------------------- -------------------
$0.07
CDN 180,000
------------------- -------------------
------------ ----------------------------------- -------------------------------------------------------------------
e) Date of the transaction: 1(st) November
2017
------------ ----------------------------------- -------------------------------------------------------------------
f) Place of the transaction: Outside a trading
venue
------------ ----------------------------------- -------------------------------------------------------------------
1. Details of the person discharging managerial
responsibilities/person closely associated
------------ --------------------------------------------------------------------------------------------------------
a) Name: Eugene Chen
------------ ----------------------------------- -------------------------------------------------------------------
2. Reason for the notification
------------ --------------------------------------------------------------------------------------------------------
a) Position/status: Non-Executive
Director
------------ ----------------------------------- -------------------------------------------------------------------
b) Initial Initial notification
notification/Amendment:
------------ ----------------------------------- -------------------------------------------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
------------ --------------------------------------------------------------------------------------------------------
a) Name: Mkango Resources
Limited
------------ ----------------------------------- -------------------------------------------------------------------
b) LEI: 213800RPILRWRUYNTS85
------------ ----------------------------------- -------------------------------------------------------------------
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 Common shares
financial of nil pence
instrument, type of each
instrument: CA60686A4090
Identification code:
------------ ----------------------------------- -------------------------------------------------------------------
b) Nature of the Issue of options
transaction:
------------ ----------------------------------- -------------------------------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
-------------------- -------------------
$0.07 CDN 180,000
-------------------- -------------------
------------ ----------------------------------- -------------------------------------------------------------------
d) Aggregated information: Single transaction
Aggregated volume: as in 4 c) above Price(s) Volume(s)
Price: ------------------- -------------------
$0.07
CDN 180,000
------------------- -------------------
------------ ----------------------------------- -------------------------------------------------------------------
e) Date of the transaction: 1(st) November
2017
------------ ----------------------------------- -------------------------------------------------------------------
f) Place of the transaction: Outside a trading
venue
------------ ----------------------------------- -------------------------------------------------------------------
For further information on Mkango, please contact:
Mkango Resources Limited
William Dawes Alexander Lemon Chief Executive Officer President will@mkango.ca alex@mkango.ca
UK: +44 207 3722 744
Canada: +1 403 444 5979
www.mkango.ca
@MkangoResources
Blytheweigh
Financial Public Relations
Tim Blythe, Camilla Horsfall, Nick
Elwes
UK: +44 207 138 3204
SP Angel Corporate Finance LLP
Nominated Adviser and Broker
Jeff Keating, Caroline Rowe
UK: +44 20 3470 0470
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHFMMGMRMFGNZG
(END) Dow Jones Newswires
November 01, 2017 09:30 ET (13:30 GMT)
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