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Golden Saint Resources issues loan notes to raise £250,000

Fri, 09th Oct 2015 09:24

(ShareCast News) - Gold and diamond explorer Golden Saint Resources unveiled plans to raise £250,000 by issuing 8% transferable convertible loan notes.Under the terms of the issue, the company will deposit £125,000 from the proceeds of the sale of its inventory of diamonds until 540 days after the loan note has been issued or on the date on which all loan notes have been repaid or converted.The London-listed company said the notes are convertible into ordinary shares at a price that represents a 20% discount to the average closing price per share during the 10 days preceding the date of conversion.Golden Saint added the loan issue note will not go ahead unless a minimum amount of £50,000 is reached.Golden Saint shares were down 8.91% to 0.0501p at 1013 BST on Friday.
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10 Sep 2014 10:56

Golden Saint Resources To Shortly Start Baja Bulk Sampling Programme

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4 Sep 2014 15:03

Golden Saint Finds "Samples Of Interest" At Tongo Diamond License

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28 Aug 2014 14:43

Golden Saint Reach Agreement Over Diamond Recovery In Sierra Leone

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26 Aug 2014 10:05

Golden Saint Says Gold Recovered At Rowaka; Ebola Curfew To End

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19 Aug 2014 08:30

Golden Saint Says Equipment Provided For Rowaka Site In Sierra Leone

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14 Aug 2014 11:02

Golden Saint Resources Subsidiary Agrees Deal With Maluei Mohamed

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12 Aug 2014 09:18

Golden Saint Resources Moves Tongo Sampling Due To Ebola Outbreak

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29 Jul 2014 08:21

Golden Saint Resources Appoints Finance Director

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5 Jun 2014 11:40

African Minerals And Golden Saint Resources Unaffected By Ebola Outbreak

LONDON (Alliance News) - African Minerals Ltd and Golden Saint Resources Ltd Thursday said their operations and workforce in Sierra Leone have been unaffected by an outbreak of the deadly Ebola virus in the country. African Minerals said it has already implemented a range of measures to saf

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15 May 2014 10:37

Golden Saint Resources Receives First Shipment From Solid Gold Diamonds

LONDON (Alliance News) - Golden Saint Resources Ltd said Thursday that it has received its first shipment of diamonds from Solid Gold Diamonds Pty Ltd, the sale of which will represent its first revenues. The Sierra Leone-focused diamond and gold exploration company said the first parcel of

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14 May 2014 10:04

Golden Saint Resources Announces First Results

LONDON (Alliance News) - Golden Saint Resources Ltd Wednesday announced its first results, with losses due to listing expenses and general costs as it moves towards its plan for near-term revenues. The Sierra Leone-focused diamond and gold exploration company, which listed on the AIM market

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3 Apr 2014 13:15

Golden Saint Resources CEO steps down

Golden Saint Resources said Nick Burn, the company's Chief Executive and Chief Geologist, has resigned. The West-Africa mining group has appointed Chairman Cyril D'Silva to take over until a permanent replacement is found. He will be assisted by Ernest Benjamin Sao Gbappi, the newly appointed Chi

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3 Apr 2014 08:34

Golden Saint Resources' CEO And Chief Geologist Departs

LONDON (Alliance News) - Golden Saint Resources Ltd said Thursday that Nick Burn, the company's CEO and Chief Geologist, submitted his resignation yesterday. The company said it intends to appoint an appropriate replacement CEO in due course, however in the interim, the CEO responsibilities

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25 Mar 2014 13:01

Golden Saint Resources Positive On Initial Geophysical Interpretation Results

LONDON (Alliance News) - Golden Saint Resources Tuesday said initial results from Airborne Geophysical Interpretation of its Tongo, Baja and Moa projects have generated a number of targets and shown strong structural trends. The Sierra Leone-focused diamond and gold exploration company said

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6 Feb 2014 12:54

Golden Saint Resources Interpreting Survey Data, Diamond Batch Processing

LONDON (Alliance News) - Golden Saint Resources Ltd said Thursday that it had received data from its geophysical survey at its projects in Tongo, Moa and Baja, and that data had undergone initial interpretation. The diamond and gold exploration company, which has projects located in Sierra

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