- Member Benefits
- Manage your personalised Watchlist.
- Set up an online Virtual Portfolio.
- Participate in Share Chat.
- See more trades and director dealings.
- Play the Fantasy Share Trading Game.
Share:
HomeShare PricesStock PickerFinancial DiaryUK IndicesUK Industry SectorsCompany LookupShare RisersShare FallersBroker RatingsFinance GlossarySMS ServicesShare ChatFinance NewsBlogsLive PricesShares BookshopFinance ToolsMembers
Latest Share Chat
African Copper Share News (ACU)
Share News for African Copper (ACU)
| Share Price: 1.75 | Bid: 1.50 | Ask: 1.75 | Change: 0.125 (+7.69%) |  | ||||||
| ||||||||||
BRIEF- Natasa Mining to hold 70 pct of African Copper after share issue
Mon, 16th Mar 2009 07:29
LONDON, March 16 (Reuters) - African Copper Plc:
* African Copper Plc signed an agreement
meet its immediate and critical working capital requirements.
* Natasa has agreed to make available a short-term, interest-free, secured loan
facility of US$1.5 million (the 'bridge loan'), to be repaid out of a
proposed US$6.5 million private placement of ordinary shares
* The company has provided natasa with a right of exclusivity, which prevents
the company from entering into discussions with any other party in relation
to any corporate transaction until 15 may 2009.
* Natasa has agreed in principle to subscribe for 1,581,557,998 ordinary shares
at 0.30 pence per share in African Copper to provide aggregate gross proceeds
of £4.7 million (US$6.5 million)
* Following the issue of new ordinary shares, the equity placement will result
in natasa holding 70% of the enlarged ordinary share capital of the company.
((London Equities Newsroom; +44 20 7542 7717))
(For more news, please click here)
COPYRIGHT
Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
LONDON, March 16 (Reuters) - African Copper Plc:
* African Copper Plc signed an agreement
with natasa mining ltd. ('natasa') to
meet its immediate and critical working capital requirements.
* Natasa has agreed to make available a short-term, interest-free, secured loan
facility of US$1.5 million (the 'bridge loan'), to be repaid out of a
proposed US$6.5 million private placement of ordinary shares
* The company has provided natasa with a right of exclusivity, which prevents
the company from entering into discussions with any other party in relation
to any corporate transaction until 15 may 2009.
* Natasa has agreed in principle to subscribe for 1,581,557,998 ordinary shares
at 0.30 pence per share in African Copper to provide aggregate gross proceeds
of £4.7 million (US$6.5 million)
* Following the issue of new ordinary shares, the equity placement will result
in natasa holding 70% of the enlarged ordinary share capital of the company.
((London Equities Newsroom; +44 20 7542 7717))
(For more news, please click here)
COPYRIGHT
Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
BRIEF-African Copper says review by major shareholder is ongoing
LONDON, April 16 (Reuters) - African Copper PLC: * Says strategic review by 84.19 percent shareholder ZCI is ongoing * Says process ma[16 Apr '12]
BRIEF-African Copper says production jumps in Q1 and Q2
LONDON, Nov 15 (Reuters) - African Copper PLC: * Production for the first and second quarters was 176 per cent and 53 per cent highe[15 Nov '11]
BRIEF-African Copper expects to trade in line with trading update of May 19
LONDON, June 28 (Reuters) - African Copper PLC: * Expects to trade in line with the company's trading update of 19 may 2011 * Notes tr[28 Jun '11]
BRIEF-African Copper gets mining licence for Thakadu deposit in Botswana
LONDON, Dec 14 (Reuters) - African Copper Plc: * Receipt of mining licence for the thakadu copper-silver deposit ((London Equities Ne[14 Dec '10]
BRIEF-African Copper gets interim licence at Botswana site, shares rise
LONDON, Dec 13 (Reuters) - African Copper Plc: * Statement re share price movement * Has received an interim mining licence for the Th[13 Dec '10]
BRIEF-African Copper says solid progress made towards Mowana commercial output
LONDON, Sept 24 (Reuters) - African Copper Plc: * At mowana mine the company continues to make solid progress towards reaching comme[24 Sep '10]
BRIEF-African Copper says crushing units being brought up to full capacity
LONDON, May 4 (Reuters) - African Copper Plc: * Says Mobile crushing units purchased and commissioned, now being brought up to full[4 May '10]
BRIEF-African Copper to receive $10 mln from ZCI for Mowana
LONDON, April 1 (Reuters) - African Copper Plc: * Will receive US$10 million immediately from s'holder zambia copper (ZCI) for Mowana mine[1 Apr '10]
