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Avocet Mining says financing talks continue
June 12 (Reuters) - Gold miner Avocet Mining Plc said the business review it undertook in January was continuingand that it was still in talks with multiple parties about arange of financing options including the sale of its assets.
Avocet is raising funds to repay an outstanding loan due toits largest shareholder Elliott Management, as well as to ensureadequate working capital for its Inata mine in Burkina Faso thisyear.
The company, which mines gold in Burkina Faso and Guinea,said it had taken further steps to reduce costs and lowercapital expenditure at Inata. (Reporting by Karen Rebelo in Bangalore; Editing by GopakumarWarrier)
Latest AVM News
- Avocet Mining In Administration After Failing To Secure Investment
21 Aug 2019 - Avocet Mining Investors Reject Voluntary Insolvency; Bankruptcy Looms
15 Aug 2019 - UK Shareholder Meetings Calendar - Next 7 Days
8 Aug 2019 - Avocet Withdraws Liquidation Resolutions, Seeks Investment Options
16 Jul 2019 - Avocet Mining To Pursue Liquidation After Sale Of Last Investment
28 Jun 2019 - Avocet Mining Considers Future After Tri-K Asset Sale Settles Debts
18 Jun 2019 - Exillon Energy, Avocet Mining Suspended After Missing Results Deadline (ALLISS)
1 May 2019 - Avocet faces uncertain future due to £30m debt
1 Oct 2018
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Avocet Mining In Administration After Failing To Secure Investment
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(Alliance News) - Avocet Mining PLC said Thursday shareholders had failed to carry a vote allowing the firm to pursue a voluntary insolvency and wind-...
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AVM.L News
Avocet Mining In Administration After Failing To Secure Investment
(Alliance News) - Avocet Mining PLC said on Wednesday that it has been placed in administration with immediate effect.The struggling gold miner on Aug...
Avocet Mining Investors Reject Voluntary Insolvency; Bankruptcy Looms
(Alliance News) - Avocet Mining PLC said Thursday shareholders had failed to carry a vote allowing the firm to pursue a voluntary insolvency and wind-...
UK Shareholder Meetings Calendar - Next 7 Days
Friday 9 AugustAdamsAlpha Real TrustMonday 12 AugustNB Global Rate
Avocet Withdraws Liquidation Resolutions, Seeks Investment Options
(Alliance News) - Avocet Mining PLC on Tuesday said it has withdrawn some resolutions from the general meeting scheduled to be held on Thursday.The go...
Avocet Mining To Pursue Liquidation After Sale Of Last Investment
(Alliance News) - Avocet Mining PLC on Friday said it has decided to liquidate the company and return residual assets, if any, to shareholders followi...
Avocet Mining Considers Future After Tri-K Asset Sale Settles Debts
(Alliance News) - Avocet Mining PLC said Tuesday it had sold its remaining interest in a Guinea gold mine for USD21 million as it looks to restructure...
Exillon Energy, Avocet Mining Suspended After Missing Results Deadline (ALLISS)
LONDON (Alliance News) - Shares in Exillon Energy PLC and Avocet Mining PLC were suspended on Wednesday as both failed to publish annual results on ti...
Avocet faces uncertain future due to £30m debt
(Sharecast News) - Avocet Mining saw its share price dive on Monday after the company warned that its future hinged on talks with its major lender and...
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