Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCadence Mineral Share News (KDNC)

Share Price Information for Cadence Mineral (KDNC)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 4.25
Bid: 4.10
Ask: 4.40
Change: 0.00 (0.00%)
Spread: 0.30 (7.317%)
Open: 4.25
High: 4.25
Low: 4.25
Prev. Close: 4.25
KDNC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: Capital in Anglogold pact; Round Hill valuation rise

Tue, 16th Mar 2021 20:40

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

----------

Capital Ltd - Africa-focused mining services firm - Inks two new long-term three year contracts at AngloGold Ashanti Ltd's Geita gold mine in Tanzania. Pacts will generate revenue of USD65 million.

----------

Coro Energy PLC - South East Asian energy company - Says it has received valid acceptances for 37.2 million shares in open offer.

----------

San Leon Energy PLC - oil and gas producer in Nigeria - Says operations at OML 18 asset, Nigeria are low amid OPEC output restrictions. "In addition, appropriate budget restrictions have been implemented which are designed to preserve cash," San Leon says. To receive USD98 million in three equal instalments beginning in July related to its investment in OML 18. Midwestern Oil & Gas Co Ltd, guarantor of the loan notes, says there will be a delay on an interim repayment made for fourth quarter of last year. "Midwestern has acknowledged that the outstanding payment of USD4.25 million to San Leon is overdue and has explained that the delay has been caused by the combined effects of Covid-19, OPEC quota cuts and the fall in the oil price during 2020," San Leon says.

----------

Trans-Siberian Gold PLC - gold producer in Russia - Total mineral resource estimate at Asacha gold mine in Russia has increased to 645,000 ounces as of December 31. Reports 43% increase in Asacha's overall gold resource inventory. "I am delighted to report a significant upgrade to the resources at our flagship Asacha gold mine following a successful drilling campaign. Our resource base has increased significantly in quantity and confidence category levels extending the life of mine at Asacha," Chief Operating Officer Eugene Antonov says.

----------

Panthera Resources PLC - gold exploration and development company with assets in West Africa and India - Says India introduces MMDR2021 bill on mining and mineral regulations. "As the bill has only recently been made available, the company is yet to seek formal legal advice on its application to our investments in India and any comments expressed herein are merely preliminary," Panthera notes. Says bill may "have an impact" on joint-venture partner Metal Mining India Pvt Ltd and its bid to secure approval of its prospecting licence applications for the Bhukia and Taregaon projects in India.

----------

Cadence Minerals PLC - investment firm and partner in the discovery & development of iron ore and lithium deposits - Says Macarthur Minerals has called on CGG Aviation to perform an airborne electromagnetic survey of Lake Giles iron project to spot new drill targets. Cadence owns about a 1% stake in Macarthur.

----------

Canadian Overseas Petroleum Ltd - oil and gas company focused on Sub-Saharan Africa - Says shares suspended after sealing deal to acquire Atomic Oil & Gas LLC.

----------

Aura Energy - Australia-based minerals company - Expects report for half-year ended December to be lodged following Wednesday's annual general meeting. "An important part of the process is capturing the events subsequent to balance sheet date. At the annual general meeting scheduled on March 17, 2021, several resolutions will be considered by shareholders to settle previous issues and set up a solid foundation for resuming operating activities," Aura says.

----------

BiON PLC - Kuala Lumpur-based renewable energy services - Says two of its four biogas plants are now selling electricity to Tenaga Nasional Berhad, Malaysia's largest electricity firm. "I am pleased that we now have two of our biogas power plants selling electricity to the grid - and hope to soon be exporting power from all four plants and at maximum capacity," Chief Executive Officer Datuk Syed Nazim bin Syed Faisal says. Also notes Datuk Haji Radzali Hassan steps down as non-executive director with immediate effect.

----------

Kodal Minerals PLC - miner developing project in southern Mali and Ivory Coast - Receives conversion notice in relation to USD1.5 million unsecured convertible loan agreement with Riverfort Global Opportunities PCC Ltd and YA II PN Ltd. Duo convert USD250,337 into 210.9 million shares.

----------

Tlou Energy Ltd - seeking to use gas and solar to alleviate some of the chronic power shortage in Botswana and southern Africa - Proposes placing to raise GBP2.6 million. Proceeds will go towards construction of a 66 kilovolt transmission line from its Lesedi project to an existing electricity grid in Botswana.

----------

Kore Potash PLC - potash development company focused on the Congo - Tells Australian regulators it has no explanation for recent share price increase.

----------

Conroy Gold & Natural Resources PLC - gold exploration & development in Ireland and Finland - Raises a total of GBP2.3 million. Secures GBP1.9 million from placing and subscription. Also inks GBP380,000 from conversion of existing debt into ordinary shares.

----------

Tremor International Ltd - San Francisco-based video advertising technologies firm - Submits form to US regulators in relation to offering of American depositary shares. "The number of ADSs to be offered and the price range for the proposed offering have not yet been determined. The proposed offering is expected to take place in the second quarter of 2021 after the SEC completes its review process, subject to market and other conditions," Tremor adds.

----------

Blackrock World Mining Trust PLC - invests in mining and metal assets - Notes Non-Executive Director Ollie Oliveira will step down if elected to the board of Vale SA in August. "Ollie will be greatly missed by the board given his tremendous contribution during the time he has been a director but appreciates his decision given that Vale is the company's largest investment," Blackrock World Mining says.

----------

Round Hill Music Royalty Fund Ltd - private equity firm exclusively dedicated to investments in revenue generating music copyright assets - Says December 31 copyrights valuation was USD303.7 million, up 7.7% from USD281.9 million on June 30.

----------

ICG-Longbow Senior Secured UK Property Debt Investments Ltd - UK real estate debt-related investor - Net asset value per share at January 31, financial year end, falls 0.1% to 98.31p from 98.38p at the end of October.

----------

essensys PLC - London-based software for flexible workspace operators - Launches Flex Services platform for real estate industry customers. The platform allows real estate firms to operate and "scale up" workspaces digitally.

----------

Blue Prism Group PLC - Warrington, England-based robotic process automation firm - To engage with shareholders after three motions to reappoint directors face sizeable annual general meeting opposition. Votes to reappoint Jason Kingdon, Christopher Batterham and Kenneth Lever face opposition from 34%, 26% and 38% of investors, respectively. "The board will continue to engage with shareholders to understand and discuss their concerns with respect to each of the above resolutions and will provide an update in due course and within six months at the latest," Blue Prism says.

----------

Mothercare PLC - Hemel Hempstead, England-based retailer to parents and young children - Completes arrangement which see GBP19 million of shareholder loans converted into 189.6 million shares in the company.

----------

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
20 Aug 2019 10:16

China Approval Puts Investment In Bacanora Lithium Near Finishing Line

(Alliance News) - Bacanora Lithium PLC on Tuesday said an investment from China has been approved for a second time, leaving just one more hurdle.Bacanora shares were 9.8% higher on Tuesday

Read more
5 Aug 2019 15:01

European Metals Inks Cinovec Renewal, Needs Further Drilling Approval

(Alliance News) - European Metals Holding Ltd said on Monday that it has been awarded an extension to the exploration licence of a lithium and tin project in the Czech Republic.The licence,

Read more
16 Jul 2019 11:40

European Metals Secures EUR2 Million Financing For Cinovec Project

(Alliance News) - European Metals Holdings Ltd said on Tuesday that Czech power utility company CEZ Group has agreed to provide EUR2.0 million financing through a convertible loan.The will

Read more
11 Jul 2019 13:06

Cadence Minerals Investees Conclude Note Offering, Acquisitions

(Alliance News) - Cadence Minerals PLC on Thursday noted updates from investees including the completion of both a note issue and an acquisition.Toronto-listed Macarthur Minerals has closed

Read more
5 Jul 2019 14:45

Cadence Minerals Investee Macarthur Finalising USD6 Million Fundraise

(Alliance News) - Cadence Minerals PLC said Friday investee Macarthur Minerals was looking to secure final approval for a USD6 million convertible note to be used to complete a feasibility study -

Read more
27 Jun 2019 13:25

Cadence Raises GBP1.6 Million To Fund Amapa Project Investment (ALLISS)

(Alliance News) - Cadence Minerals PLC on Thursday said it has raised GBP1.6 million through placing of 1.45 billion new shares at 0.11 pence per share, around 7% discount to the company's on

Read more
18 Jun 2019 15:52

Cadence Minerals Investees Advance Iron And Zinc Projects

(Alliance News) - Cadence Minerals PLC noted updates from two investees Tuesday - Toronto-listed MacArthur Minerals Ltd and Australian Securities Exchange-listed Auroch Minerals in which Cadence a

Read more
17 Jun 2019 11:04

UPDATE: European Metals And Cadence Minerals Report Cinovec Progress

(Alliance News) - Cadence Minerals PLC on Monday noted positive progress by investee European Metals Holdings Ltd at the Cinovec lithium and tin project in the Czech Republic.Cadence owns a

Read more
11 Jun 2019 14:56

Cadence Minerals Yangibana Partner Signs Second Deal With Schaeffler

(Alliance News) - Cadence Minerals PLC said Tuesday its joint venture partner at the Yangibana rare earth project in the Gascoyne region of Western Australia has signed a second offtake agreement

Read more
5 Jun 2019 12:49

Bacanora Lithium Says Zinnwald Study Confirms Significant Potential

LONDON (Alliance News) - Bacanora Lithium PLC on Wednesday said a feasibility study has confirmed that the German lithium project has the potential to "generate significant value for in were

Read more
30 May 2019 13:54

Softening In Lithium Market Hurts Cadence Minerals' 2018 Earnings

LONDON (Alliance News) - Cadence Minerals PLC on Thursday said it swung to loss in 2018 due to a poor performance of lithium company shares prices, hurt by long-term softening in the lithium said

Read more
28 May 2019 12:14

Cadence Minerals' Auroch Minerals Buys Two Australian Nickel Assets

LONDON (Alliance News) - Cadence Minerals PLC on Tuesday noted an investee has bought two projects in Western Australia for AUD1.5 million.Auroch Minerals Ltd, listed in Sydney, is buying a

Read more
21 May 2019 18:03

Cadence Minerals To Acquire 27% In Amapa Iron Mine For USD6 Million

LONDON (Alliance News) - Cadence Minerals PLC said Tuesday it has entered into a non-binding heads of terms with IndoSino Pte Ltd to acquire 27% interest in the Amapa iron ore mine, beneficiation

Read more
20 May 2019 09:46

Bacanora Lithium Agrees Provisional Investment With China's Ganfeng (ALLISS)

LONDON (Alliance News) - Bacanora Lithium PLC on Monday announced a major new investment from a Chinese lithium producer.Bacanora, which is looking to develop its flagship Sonora lithium in

Read more
14 May 2019 16:46

Cadence Minerals Satisfied With Macarthur Minerals Option Agreement

LONDON (Alliance News) - Cadence Minerals PLC said Tuesday it was pleased with Macarthur Minerals' new option agreement with Fe Ltd covering 19 tenements in Australia.Cadnce owns a 10%

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.