28 Oct 2015 18:08
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Don't have an account? Click here to register.BMR Group raises more than half funding target
Thu, 18th Feb 2016 15:37
(ShareCast News) - BMR Group revealed the success of its open offer on Thursday, bringing in a little over half of the company's £750,000 target to fund the completion of its pilot plant and construction of its main lead and zinc tailings plant at the Kabwe mine in Zambia.The AIM-traded firm made gross proceeds of £414,524 through the acceptance of 13,817,453 new shares at 3p per share.BMR had now applied for the admission of the new shares, which is expected to take place on 19 February. Following admission, the company will have a total of 164,532,905 shares in issue."When we announced our placing on 28 October 2015, we undertook to make new shares available to shareholders on a similar basis," said CEO Alex Borelli."We are delighted therefore that our existing shareholders have subscribed a further £414,524 to the Company, which will be applied primarily to bring forward the construction and assembly of the main plant once the pilot plant has successfully commenced operations," he added.Borelli invested £20,000 in the open offer, through the subscription of 666,666 new ordinary shares, comprising his entitlement to 66,666 offer shares and a further 600,000 offer shares under the excess application facility.
More News
13 Oct 2015 11:28
London midday: Equities fall as UK slips into deflation
(ShareCast News) - The UK equities market was under the cosh as the nation unexpectedly slipped into deflation in September. The Office for National Statistics revealed the consumer price index fell 0.1% year-on-year last month, compared to analysts' estimates for a flat reading in line with August.
Read more12 Oct 2015 09:41
BMR Mining shares surge on Zambia update
(ShareCast News) - Shares in BMR Mining surged 14% early on Monday after the company said it had submitted its draft environmental and social impact assessment for the Kabwe project to the Zambian Environmental Management Agency (ZEMA). The study, which is aimed at assessing the impact of the compan
Read more12 Oct 2015 08:45
5 Oct 2015 09:02
BMR Mining identifies new use for WKS assets in Zambia
(ShareCast News) - Zambia-focused mineral processing business BMR Mining said it has identified a potential market for its Waelz Kiln Slag (WKS) assets. The assets at Kabwe, Zambia, had been written down by 90% to £201,000 in the accounts for the year ended 30 June 2014 due to the product being brit
Read more22 Sep 2015 08:21
19 Aug 2015 10:26
BMR Mining gets green light for Zambia environmental impact assessment
(ShareCast News) - BMR Mining said Zambia has approved the terms of reference for an environment impact assessment of pilot plans to extract lead and zinc from tailings at its Kabwe mine. BMR said it expects to submit the draft full Environmental Impact Assessment (EIA) next month, with th
Read more25 Jun 2015 11:43
BMR Mining buoyed by metallurgical test results
BMR Mining's shares gained as it revealed that its metallurgical tests used to identify lead and zinc at its Zambian site have been successful. The tests, which use an acid and brine leaching process to recover the metals, came in positive for both the Wash Plant Tailings and Leach Plant Residue Tai
Read more