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Share Price: 1.30

Bid: 1.25

Ask: 1.35

Change: 0.055 (4.49%)

Spread: 0.10 (8.00%)

Open: 1.225

High: 1.28

Low: 1.28

Prev. Close: 1.225

Last checked at -

IN BRIEF: Aminex, ARA Petroleum Extend Ruvuma Farm Out Completion Date

Wed, 15th Jul 2020 06:48

Aminex PLC - oil & gas company focused on Tanzania - Extends longstop completion date for its Ruvuma farm-out agreement with ARA Petroleum Tanzania Ltd to July 31. ARA Petroleum has agreed not to demand repayment of a USD2 million loan or to charge interest on a separate USD3 million funding arrangement. ARA Petroleum has agreed to provide additional funding support to Aminex if the farm-out is delayed further by advancing part of the interim period costs, if required. Aminex directors have waived or surrendered their rights to all share options awarded to them on May 1.

Current share price: 0.78 pence

Year-to-date change: down 20%

By Tapan Panchal; tapanpanchal@alliancenews.com

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Aminex Moves Step Closer To Completing Ruvuma Farm-Out

19 May 2020 12:40

Aminex clears last major hurdle for Ruvuma farm-out approval

(Sharecast News) - Aminex updated the market on progress towards completion of the Ruvuma farm-out, on Tuesday, reporting that following payment by its subsidiary of the capital gains tax bill, and payment by ARA Petroleum Tanzania of the stamp duty bill, the Tanzania Revenue Authority has issued a tax clearance certificate to the company.

14 May 2020 16:27