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Alexander Mining resumes trading on AIM after share placing

Mon, 05th Oct 2015 10:33

(ShareCast News) - Alexander Mining resumed trading on AIM on Monday after it raised £420,000 through the issue of 105m shares at 0.4p per share to new and existing shareholders, giving it adequate working capital for its present requirements.In addition, Alexander has issued investors with one warrant for every three placing shares to subscribe for one ordinary share in the company at an exercise price of 0.45p each.Chief executive officer Martin Rosser said: "We are delighted with the outcome of the placing and thank the placees for their support. Importantly, we can now concentrate the company's efforts on the commercialisation of its processing technology."The company also said it is continuing talks to licence its technology in Australia, Turkey and Mexico.Alexander said it is waiting to continue discussions with Compass Resources regarding the use of its technology at the Browns Oxide copper-cobalt mine now that the refinancing proposal has been approved by shareholders.Separately, the company has also identified several attractive copper and zinc opportunities in Australia and is in discussions with another mining company about a possible partnership to investigate these and other opportunities.At 1038 BST, Alexander Mining shares were down 28% at 0.41p.
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18 Mar 2014 11:42

Alexander Mining Subsidiary Receives Patent In Canada

LONDON (Alliance News) - Alexander Mining PLC Tuesday said its MetaLeach Ltd subsidiary has been granted a patent in Canada for a Method for Extracting Zinc from Aqueous Ammoniacal Solutions. The patent, number 2,745,358 has a standard term of twenty years from the effective date of Decembe

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6 Mar 2014 15:10

Alexander Mining Carries Out Tests, Receives Payments Ahead Of Ebullio Deal

LONDON (Alliance News) - Alexander Mining PLC Thursday said it has been carrying out further tests and has achieved cash payments ahead of Ebullio Group's takeover of Red Crescent Resources Ltd. The mining and mineral processing technology company said it has been completing technical test

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20 Feb 2014 10:58

Alexander Mining Raises GBP241,750 For Working Capital

LONDON (Alliance News) - Alexander Mining PLC Thursday said it has raised GBP241,750 for general working capital purposes by issuing about 4.6 million new shares to institutional and other investors. The shares, which were issued at 5.25 pence each, are expected to begin trading on AIM on F

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3 Feb 2014 13:46

UK MIDDAY BRIEFING: Mis-Selling Bill Continues To Mount For UK Banks

LONDON (Alliance News) - UK banks are still counting the cost of their product mis-selling, with Lloyds Banking Group Monday adding a further GBP1.93 billion to the amount it has set aside to cover claims for previous sales of payment protection insurance and interest rate hedging products. Read more

3 Feb 2014 11:26

UK WINNERS & LOSERS: Rurelec Drops 25% As Bolivia Award Disappoints

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

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FTSE 100 - WINNERS

Randgold Resources, up 2.1%. In a difficult environment for gold miners,

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3 Feb 2014 09:27

Alexander Mining Pens Major Commercial Deal With Ebullio For Turkey

LONDON (Alliance News) - Alexander Mining PLC Monday said it has signed a major commercial licence, financing and consultancy agreement with hedge fund Ebullio Group. The mining and mineral processing technology company said that it will receive cash proceeds totalling GBP2.5 million royalt

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22 Oct 2013 08:02

Tuesday broker round-up UPDATE

Aggreko: JP Morgan reduces target price from 1800p to 1620p reiterating a neutral rating. Alexander Mining: Northland Capital shifts target price from 6p to 8.10p and keeps a buy recommendation. APR Energy: JP Morgan increases target price from 1075p to 1150p and maintains an overweight rating. B

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21 Oct 2013 11:02

UK WINNERS & LOSERS: Centamin Jumps, Nyota Tumbles After Partial Sell-Off

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21 Oct 2013 08:28

Alexander Mining Jumps On Deal With Largest Shareholder

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24 Sep 2013 10:50

Alexander Mining Narrows Losses On Cost Savings

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11 Apr 2012 08:09

Resources round-up: Roxi, Matra, Alexander

Kazakhstan-focused Roxi Petroleum saw its shares dive after it revealed that well NK-10 in its Galaz contract area has a high water content with only minor gas and oil film shows. The well, which was drilled late last year, will now be plugged and abandoned. The exploration and appraisal work being

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21 Feb 2012 10:52

Resource stocks round-up: Alexander Mining, Touchstone, SacOil

Mineral processing technology firm Alexander Mining said its AmmLeach product is going to be trialled by Red Crescent Resources at the Canadian mining company's zinc and copper projects in Turkey. Gold miner Touchstone Gold has found "gold in them thar hills" on its Rio Pescado property in Colombi

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