24 Sep 2014 11:14
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Nyota Minerals Information
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Don't have an account? Click here to register.Nyota Minerals looks to reverse takeover of BigDish
Tue, 15th Nov 2016 11:12
(ShareCast News) - Nyota Minerals has concluded negotiations that will see BigDish Ventures Ltd provide debt funding to it. The companies would also work towards agreeing a reverse takeover of BigDish Ventures by Nyota.Nyota, whose shares were temporarily suspended upon the company's request this morning and pending an announcement, said it had entered into a loan agreement with BigDish Ventures for a total maximum of £200,000.The loan would be used to provide additional funds for general working capital purposes and initial due diligence and transaction expenses in respect of the proposed reverse takeover.Relating to the latter, Nyota confirmed it had inked a non-binding letter of intent with Jersey-registered BigDish Ventures and its subsidiary, Philippines-registered Bigdish Inc. "The company and BigDish Ventures will work towards an agreement whereby the company would acquire 100% of BigDish Ventures and indirectly, Bigdish (Inc)," Nyota said in a statement."Bigdish (Inc) is currently finalising a corporate restructure that will see BigDish Ventures become a non-operating holding company of Bigdish (Inc)."Nyota added the proposed acquisition was subject to a number of material conditions, including due diligence, documentation, funding and compliance with all regulatory requirements.At about 11:10 GMT, shares in Nyota were unmoved at 0.05p each.
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KEFI Minerals' Exploration Licence For Tulu Kapi Project Is Renewed
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Read more11 Jun 2014 09:31
Nyota Minerals agrees sale of final Tulu Kapi stake to Kefi Minerals
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Read more11 Jun 2014 07:31
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11 Jun 2014 06:54
KEFI Minerals Buys Nyota's Remaining Stake In Tulu Kapi Gold Project
LONDON (Alliance News) - Nyota Minerals Ltd Wednesday said it has entered a deal with KEFI Minerals PLC to sell its remaining 25% in the Tulu Kapi Gold project in Ethiopia for GBP1.5 million in cash and shares, after failing to fund its cash calls for the site. The gold exploration company
Read more14 May 2014 10:35
Kefi Minerals Increases Targeted Production Rate At Tulu Kapi
LONDON (Alliance News) - Kefi Minerals PLC Wednesday said it has increased the targeted open pit mine production at its newly acquired Tulu Kapi gold project in Ethiopia. The gold and copper exploration and development company, with operations in Saudi Arabia and Ethiopia, said its targeted
Read more30 Apr 2014 16:06
Nyota Minerals Makes Significant Cuts To Overheads
LONDON (Alliance News) - Nyota Minerals Ltd Wednesday said it made significant cuts to corporate overheads in the three month ended March 31, 2014. The Australia-based gold exploration and development company with operations in Ethiopia said it made good cuts to corporate overheads in the q
Read more31 Mar 2014 09:38
Nyota Minerals Announces No Material Changes From Northern Block Report
LONDON (Alliance News) - Nyota Minerals Ltd Monday said SRK Exploration has completed its Competent Person's Report on the company's Northern Block in Ethiopia and there have been no material changes to its previously reported data for the site. The gold exploration company in East Africa s
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