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Pin to quick picksKodal Minerals Share News (KOD)

Share Price Information for Kodal Minerals (KOD)

London Stock Exchange
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Share Price: 0.43
Bid: 0.42
Ask: 0.44
Change: -0.005 (-1.15%)
Spread: 0.02 (4.762%)
Open: 0.435
High: 0.435
Low: 0.42
Prev. Close: 0.435
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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:

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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.

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

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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7 Dec 2016 13:58

Kodal Minerals reports promising results from Bougouni tests

(ShareCast News) - West Africa-focused mineral exploration and development company Kodal Minerals announced high grade rock chip results from the first dispatch of samples from the reconnaissance rock chip sampling at its lithium interests in Southern Mali on Wednesday. The AIM-traded firm said the

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19 Oct 2016 13:05

Kodal Minerals temporarily withdraws from Norway project

(ShareCast News) - Mineral exploration and development company Kodal Minerals announced on Wednesday that it has requested a temporary withdrawal from the planning process for its non-core phosphate and titanomagnetite project in Southern Norway. The AIM-traded firm said the move was in line with

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5 Oct 2016 10:29

Kodal Minerals shares rise on Korhogo test results

(ShareCast News) - West Africa-focused mineral exploration and development company Kodal Minerals announced on Wednesday that it has received the results of the wide-spaced surface geochemical sampling programme recently completed at its 100% owned Korhogo Project in northern Cote d'Ivoire. The AIM-

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6 Sep 2016 07:39

Kodal Ups Lithium Market Exposure With Southern Mali Concession Deal

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26 Jul 2016 10:39

Kodal Minerals Progressing Gold Project Portfolio In West Africa

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15 Jul 2016 13:31

Jones steps down as Kodal chairman

(ShareCast News) - Mineral exploration and development company Kodal Minerals announced on Friday that David Jones has stepped down from his role as chairman and non-executive director of the company, effective immediately. The AIM-traded firm said his role as chairman will be taken over by existing

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15 Jul 2016 09:04

Kodal Minerals Chairman Jones Steps Down And Wooldridge Steps Up

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17 Jun 2016 10:59

Kodal Minerals disappointed at lack of progress at Norway project

(ShareCast News) - Kodal Minerals, a mineral exploration and development company, mitigated its full year losses by keeping costs low in its subsidiaries and project investments in Norway and west Africa. The company reported a loss before tax of £465,622 for the year ended 31 March 2016. For the sa

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17 Jun 2016 07:39

Kodal Eyes More Partnerships But More Cash Could Be Needed In Future

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20 May 2016 11:58

Kodal Minerals acquires International Goldfields, appoints CEO

(ShareCast News) - Mineral exploration and development company Kodal Minerals announced on Friday it has completed its acquisition of International Goldfields (Bermuda), as well as a £0.68m fundraising. The AIM-traded company said International Goldfields controls a portfolio of "highly prospective"

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20 May 2016 07:43

Kodal Minerals Raises Funds, Completes International Goldfields Deal (ALLISS)

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13 May 2016 11:07

Kodal Minerals Gets Taruga Shareholder Approval For Subsidiary Buy

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29 Apr 2016 09:51

Kodal "Pleased" With Taruga Update As Vote On Acquisition Nears (ALLISS)

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7 Apr 2016 11:06

Kodal Minerals proposes West African acquisition and placing

(ShareCast News) - Hitherto Norway-focused explorer Kodal Minerals has proposed the all-share acquisition of a group of gold exploration properties in Mali and Côte d'Ivoire and a fundraising of up to £680,000 to finance medium-term plans. The west African properties are currently owned by Aussie-li

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7 Apr 2016 08:12

Kodal To Substantially Increase Share Capital For Gold Acquisition (ALLISS)

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