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Alecto Energy Takes 9.73% Stake In Charles Street Capital

Wed, 30th Jun 2010 10:29

LONDON (Dow Jones)--Alecto Energy PLC (ALO.LN), a resource investment company, said Wednesday it has taken a 9.73% share holding in Charles Street Capital PLC (CHC.LN). MAIN FACTS: -Alecto's GBP100,000 investment in Charles Street comprises 100 million ordinary shares in Charles Street at a price of 0.1 pence per share plus warrants to subscribe for a further 50 million new shares in Charles Street, exercisable at 0.25 pence per share for a period of two years from the date of admission of the placing shares to trading on AIM. -The investment forms part of a share placing carried out by Charles Street and announced Wednesday, which raised GBP805,000, before expenses, to invest in natural resource, mineral, metal and oil and gas companies. -As a condition of the investment, Alecto has agreed with Charles Street that Damian Conboy will join the management team to assist the company during its development phase. Greg Kuenzel, Alecto's Company Secretary, will join the board of Charles Street as non-executive director. -Shares of Alecto at 0926 GMT down 0.12 pence or 5.6%, at 2.1 pence, valuing the company at GBP2.2 million. Shares of Charles Street down 0.07 pence or 25%, at 23 pence, valuing the company at GBP1.1 million. -By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448, tapan.panchal@dowjones.com (END) Dow Jones Newswires June 30, 2010 05:29 ET (09:29 GMT)
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17 Jan 2014 13:22

UK MIDDAY BRIEFING: Royal Dutch Shell Shocks With Profit Warning

LONDON (Alliance News) - Oil giant Royal Dutch Shell shocked the market Friday by warning that its profits will be well below expectations after nearly every part of its business performed below its expectations in the fourth quarter.

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17 Jan 2014 12:10

Alecto Minerals raises funds for Kossanto Gold Project

Alecto Minerals, an AIM-listed explorer focused on Africa, placed one million shares at 1.5p each to raise funds for the development it its flagship Kossanto Gold Project in Western Mali. The placing raised £1.5m before expenses, part of which will be used for general working capital purposes. At

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17 Jan 2014 10:55

UK WINNERS & LOSERS: Shell And William Hill Lead FTSE 100 Fallers

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Friday.

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FTSE 100 - WINNERS

Aviva, up 1.5%. The insurer has revealed that it has entered into a 50-50

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17 Jan 2014 09:22

Alecto Minerals Raises Another GBP1.5 Million To Fund Kossanto Work

LONDON (Alliance News) - Alecto Minerals PLC Friday said it had raised GBP1.5 million before expenses through a placing of 100 million new shares to fund the advancement of its main Kossanto Gold Project in Western Mali. In a statement, the AIM-listed mine exploration company said drilling

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17 Jan 2014 08:13

UK MORNING BRIEFING: Shares Open Higher Despite Shell Warning

LONDON (Alliance News) - UK shares have opened higher Friday despite negative news from two FTSE 100 companies, Royal Dutch Shell and Shire.

The oil major issued a profit warning, and the pharmaceutical firm said it will book a loss on the sale of

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25 Nov 2013 11:06

Alecto Minerals Preparing Exploratory Drilling Campaign At Kossanto

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25 Nov 2013 07:59

AIM IN BRIEF: UBC Media Confirms Agreement To Acquire 7digital

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14 Nov 2013 16:20

Alecto Finds New Gold Bearing Area At Kossanto Gold Project In Mali

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7 Nov 2013 12:14

UK WINNERS & LOSERS: Halfords Goes The Extra Mile, Inmarsat Slips

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7 Nov 2013 10:43

Alecto Raises Cash And Enters Equity Swap Agreement, Shares Fall 13%

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8 Oct 2013 08:13

Alecto Find High Grade Mineralisation At Kossanto Gold Project

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4 Oct 2013 15:36

Alecto Minerals completes acquisition of AME West Africa

Shares in Alecto Minerals rose after the African focused miner said it completed the acquisition of AME West Africa from Savannah Resources. Alecto will gain assets in East and West Africa including three gold projects in Mali such as the Koosanto project which has a current inferred resource of 10

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3 Oct 2013 11:39

UK WINNERS & LOSERS: Phorm Jumps; Supermarkets Rebound

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2 Oct 2013 14:33

Alecto Minerals Appoints African Mining's Jones As New Chief Executive

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23 Sep 2013 12:39

Alecto Minerals Signs Lock-In Agreement With Electrum For Mali Mine

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