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Alexander Mining Hoping To Raise Cash Following Share Reorganisation

Mon, 22nd Jul 2019 11:39

(Alliance News) - Alexander Mining PLC on Monday said it is mulling a share placing, at a discount, following a capital reorganisation.

The share placing would be carried out at 0.045 pence a share, with Alexander not saying how much it would like to raise. Shares were down 11% Monday at 0.040p.

Alexander Mining in June announced the capital reorganisation after its share price fell beneath the 0.1p nominal value. This meant Alexander Mining could no longer issue any new shares for cash.

Each Alexander Mining share with a nominal value of 0.1p was divided into one share with a nominal value of 0.001p each as well as 99 new deferred shares of 0.001p each.

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Alexander Mining Narrows Losses In 2013 But Revenues Fall

LONDON (Alliance News) - Alexander Mining PLC Friday reported a drop in revenues, but narrowed its losses in 2013 on the back of lower finance costs and other operating costs, however the group warned that it needs to raise addition funds within the next 12 months to continue its operations. <

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16 Apr 2014 08:44

Wednesday broker round-up UPDATE

Afren: Investec cuts target price from 200p to 195p and stays with its buy recommendation. Alexander Mining: Northland lowers target price from 8.1p to 6.1 and maintains a buy recommendation. Capita Group: JP Morgan ups target price from 1261p to 1279p and maintains an overweight rating. Central

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15 Apr 2014 15:08

Alexander Mining announces changes to agreement with Ebullio

Alexander Mining was on Tuesday informed by the Ebullio Group that it has cancelled its agreement to acquire all of the assets in Turkey of Red Crescent Resources. The cancellation means that Alexander's commercial licence, financing and consultancy agreement with Ebullio will not be carried out i

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15 Apr 2014 11:33

Alexander Mining Says Ebuillo Takeover Deal Of Red Crescent Resources Scrapped

LONDON (Alliance News) - Alexander Mining PLC said that Ebullio Group has terminated its takeover deal of Red Crescent Resources Ltd in Turkey. The mining and mineral processing technology company said last month that it had been completing technical test work on a bulk sample provided from

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4 Apr 2014 07:54

Alexander Mining Says AmmLeach Test Successfully Makes Zinc Cathode

LONDON (Alliance News) - Alexander Mining PLC Friday said testing in Australia has, for the first time, produced zinc cathode from ammoniacal leaching by using the company's AmmLeach Technology. The mining and mineral processing technology company said that, in preparation for its proposed

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18 Mar 2014 13:09

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