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Pin to quick picksLandore Share News (LND)

Share Price Information for Landore (LND)

London Stock Exchange
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Share Price: 4.35
Bid: 4.20
Ask: 4.50
Change: -0.30 (-6.45%)
Spread: 0.30 (7.143%)
Open: 4.65
High: 4.65
Low: 4.35
Prev. Close: 4.65
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Landore to offload non-core Canadian lithium resource

Wed, 10th Feb 2016 11:39

(ShareCast News) - Landore Resources had secured a deal to offload its Root Lake non-core lithium property in north western Ontario, Canada on Wednesday, to dedicated lithium producer Ardiden.The AIM-traded firm said the option agreement was subject to a CAD 50,000 deposit (£24,864) on the date of execution.If the option was to be exercised, Ardiden would be required to pay CAD 150,000 to Landore on the competion date.It would also issue CAD 150,000 of ordinary shares to Landore on completion, and grant Landore a 3% net smelter royalty from minerals produced from the Root Lake property.Ardiden would have the option to purchase 50% of the royalty from Landore for a payment of CAD 1m.Root Lake Lithium was considered a non-core asset by Landore, with a book value of nil. In the 2014 financial year there was nil expenditure on the property."We are pleased to pass on our Root Lake property to a dedicated lithium explorer whilst retaining an interest in the property through shares and a net smelter royalty, leaving Landore to remain focused on the development of its highly prospective Junior Lake property", said CEO Bill Humphries in a statement.The cash consideration to be received by Landore would be applied towards its working capital requirements, Landore confirmed.
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30 Sep 2013 09:14

Landore Resources Receives Favourable Results At Junior Lake Project

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19 Sep 2013 11:32

Landore Resources Narrows Pretax Loss As It Halves Exploration Costs

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8 Apr 2013 13:40

Landore Resources intersects sulphide mineralisation in Canada

Landore Resources shares rose Monday after the miner said it intersected massive sulphide mineralisation at the Scorpion prospect in Ontario, Canada. One drill hole from the B4-7 deposit at the Scorpion Zone showed five metres at 0.87% nickel, 0.53% copper, 0.08% cobalt and 531 parts per billion (p

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20 Mar 2013 16:23

Cairn Energy announces stock purchases by three senior directors

Cairn Energy on Wednesday announced that its Chief Executive, Deputy Chief Executive, and Managing Director / Chief Financial Officer all increased their holdings in the company, showing their faith after the group delivered a decline in full year pre-tax losses. Chief Executive Simon Thomson and

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7 Dec 2012 07:04

Friday broker round-up UPDATE

Bellway: Northland Capital raises target price from 1050p to 1150p and keeps a buy rating. Panmure Gordon raises target price from 957p to 1013p, while maintaining a hold recommendation. Berkeley Group: Panmure Gordon raises target price from 1390p to 1650p keeping a hold rating. Booker Group: Gol

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16 Oct 2012 15:00

Resources round-up: Firestone Diamonds, Edge Resources, Ormonde Mining

Firestone Diamonds jumped 12.9% after the firm reported it had discovered very rare 'type 2' diamonds at its Liqhobong mine in Lesotho. Type 2A diamonds - of which the company found 28 - make up less than 2% of all diamonds and are considered the purest of all diamonds. One of the diamonds found -

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18 Sep 2012 17:08

Directors' deals balance the scale at Advanced Computer Software

Advanced Computer Software Group has reported separate deals by two of its directors, more or less balancing each other out. The deals were made on Monday, when the healthcare and business management software provider said it expects revenues to have climbed by a fifth in the six months to the end

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12 Sep 2012 13:45

Resources round-up: Sylvania, Botswana, Landore

Miner Sylvania has been served with a summons regarding a claim being brought by Platmin South Africa, a subsidiary of Platmin, declaring that Platmin is a co-owner of the tailings, or, alternatively, the co-owner of the platinum group metals contained in the Lannex Tailings Dam situated on the Farm

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12 Jul 2012 11:50

Resources round-up: Highland Gold, Rialto, Chaarat...

Highland Gold Mining has completed its acquistion of Klen, which holds the mining and exploration rights to the Klen gold deposit and the adjacent Verkhne-Krichalskaya property located in the Chukotka autonomous region in north-eastern Russia. The company is planning to mine the deposit by open pit

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6 Mar 2012 15:48

Dunelm director shows commitment to firm with share purchase

Newly appointed director at Dunelm Matt Davies has underlined his loyalty to the homewares firm with the purchase of 4,500 shares. Davies, who joined the firm early last month, bought the shares for 499p each for a total of £22,455. Davies joined the firm after resigning from his job as head of

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23 Jan 2012 09:22

Small caps round-up: Ceres, Ceramic Fuel, Antrim ...

The bombed-out shares of Ceres Power showed signs of life on Monday morning after the company announced significant improvements in the durability of its core fuel cell module technology. Meanwhile, the long term test programe of its combined heat and power (CHP) engineering technology remains on s

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29 Jun 2010 09:06

Landore Resources 35.5M Share Subscription At 7.3P Each,

LONDON (Dow Jones)--Landore Resources Limited (LND.LN) said Tuesday it has agreed a subscription of 35,526,000 new ordinary shares of 1 pence each at a price of 7.25 pence per Subscription Share to raise GBP2,575,635 before expenses. MAIN FACTS: -The proceeds from the Subscription will be us

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3 Dec 2009 08:49

Small caps round-up: Landore Resources, TXO, Aortech...

Shares in Landore Resources jumped after the Canadian miner said it made a 'significant gold discovery' in its Junior Lake property in the province of Ontario. Shares in Texas-focused oil and gas firm TXO slumped after it said oil production in the six months to September 30 fell to 13,221 barrels

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