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Pin to quick picksRed Rock Resources Share News (RRR)

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UK TRADING UPDATE SUMMARY: Games Workshop Notes AGM Revolt Over Chair

Wed, 16th Sep 2020 22:14

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

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Games Workshop Group PLC - Nottingham-based miniature wargames manufacturer - Notes 27% opposition to annual general meeting resolution to re-elect Chair Nick Donaldson over concerns he is overboarded in terms of calls on his time. Games Workshop points out that Donaldson will be stepping down effective January 2021 and no later than its 2021 AGM. "The board is confident that Donaldson discharges effectively his role as chair, notwithstanding his other board commitments."

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Plus500 Ltd - London-based technology platform for trading contracts for difference - Withdraws annual general meeting resolution which proposed to approve a special bonus payable to Chief Financial Officer Elad Even-Chen after "some shareholder had expressed concerns". Considers bonus "appropriate" in light of Even-Chen's "outstanding efforts" and will engage with shareholders to make sure their concerns are considered before the resolution is proposed again at a later extraordinary general meeting to be convened later in 2020.

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Eckoh PLC - Hertfordshire-based payments technology firm - Approves payment of 0.61p per share special dividend. In June, its board said it was not intending to propose a final dividend for its financial year ended March but would keep the decision under consideration. Thanks to "the continued resilience of the business combined with its high levels of repeat and recurring revenues" a special dividend will be paid October 23 in lieu of that final dividend. Keeps dividend policy under close review amid pandemic. Net cash GBP12.2 million as at August end. "Management remain confident of further progress in the second half of the year."

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Immunodiagnostic Systems Holdings PLC - Tyne & Wear-based diagnostic testing kits and instruments maker - Launches four new i-Tracker assays designed to run on its automated IDS-iSYS analyser. Kits have been developed by Theradiag SA partner and were previously launches on the i-Track analyser manufactured by Immunodiagnostic Systems for Theradiag. "In the six months since the Theradiag launch, the assays have undergone validation on the IDS-iSYS analyser and are now available for use on the installed base of IDS-iSYS analysers in Europe and other territories which accept a CE mark accreditation."

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Ferro-Alloy Resources Ltd - vanadium mining and processing company operating in Kazakhstan - Raises approximately GBP773,000 from fundraise comprising GBP500,000 subsciption for cash plus issue of bonds on Astana Stock Exchange in Kazakhstan totalling USD300,114. Issues and allots 6.3 million share at price of 8p each in subscription. Issues 150 bonds to investors with USD2,001 nominal value each with 7% per annum interest rate, maturing March 2023. Funds "will be used to further build the connection to the adjacent high voltage power line, complete the installation of the equipment to convert ammonium metavanadate to vanadium pentoxide, make several improvements to the existing process plant and complete the fit-out of the newly built on-site accommodation for senior technical staff."

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Panther Metals PLC - mineral exploration company focused on Canada and Australia - Releases recent geophysics imagery for Big Bear gold project in Ontario, Canada. CEO Darren Hazelwood: "We are pleased to release processed imagery for the airborne geophysics survey Panther flew over the Big Bear gold project this summer. We are in the process of updating our corporate presentation and advancing our work programme at the Big Bear project. The geophysics images provide investors, and the market, with confirmation of the level of understanding we now have on this previously fragmented project area."

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AEX Gold Inc - Greenland-focused gold miner - Notes that a high-resolution aerial imagery drone has identified an outcropping Footwall Vein 70 to 100 metres below the Main Vein on the north face of Nalunaq mountain, South Greenland. Five holes drilled so far at Nalunaq anf first samples dispatched for assaying. Camp at Nalunaq still Covid-free. CEO Eldur Olafsson: "The high-resolution imagery from our new state of the art drone is proving highly effective, and will further assist us in progressing the exploration target at Nalunaq by supporting evidence of other veins, which could potentially be gold bearing."

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Tlou Energy Ltd - Botswana-focused power producer - Mott MacDonald, its engineering consultant, prepares two pre-qualification documents with objective of Tlou selection shortlist of pre-qualified bidders to be invited to bid for construction of Lesedi power project transmission line and supporting infrastructure. Documents prepared are: pre-qualification of bidders for the design and build contract for the substation works and pre-qualification of bidders for the design and build contract for 66kV overhead transmission line works. "The implementation stage is expected to be completed later this year, conditional on not experiencing undue delays outside Tlou's direct control. Thereafter, the Company will request tenders for construction of the transmission line and substation works from successful pre-qualified bidders."

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Ocean Wilsons Holdings Ltd - Bermuda-based investment company operating a maritime services company in Brazil through its Wilson Sons Ltd subsidiary - Wilson Sons accepts resignation of Cezar Baiao from position of CEO of operations in Brazil, effective March 2021. Accepts nomination of and opts to appoint Fernando Fleury Salek, currently acting as CFO of its Brazilian subsidiaries and head of investor relations. Baiao remains deputy chair of board of Wilson Sons directors.

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Altus Strategies PLC - mining royalty company with headquarters in Oxfordshire- signs definitive purchase and sale agreement and net smelter return royalty agreements with Stellar Africa Gold Inc for the Ivory Coast Altus' Prikro and Zenoula gold projects. Altus sells 100% interest in both projects in return for a 2.5% net smelter return, 2.5 million Stellar shares worth CAD125,000 and 2.5 million purchase warrants exercisable at CAD0.07 each. Subject to project progress, Altus will receive additional equity based payments.

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Seeing Machines Ltd - computer vision technology company headquartered in London - Says aftermarket driver monitoring technology, Guardian, has gathered more than 5 billion kilometres of naturalist driving data thanks to its "extensive customer list globally".

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Alien Metals Ltd - precious and base metals explorer - Reports results of recent sampling programmes of its San Celso and Los Campos silver projects in Mexico showing "strong correlation with historic results". Signs final legal documentation to carry out exploration work with potion to acquire Nueva Andromeda permit east of San Celso area.

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Power Metal Resources PLC - metals exploration and development company with projects in North America, Australia, and Africa - Says Red Rock Australasia Pty Ltd has commissioned and received final historical reports and targeting assessments for all its Victoria goldfields licence applications except for the recently acquired EL007460 and EL007385 licences. Reports used to inform preparation of a NI 43-101 technical report for eight of the applications. Red Rock Australia is a joint venture between Power Metal, which has a 49.9% interest, and Red Rock Resources PLC, which holds the remaining interest. Red Rock Resources notes the Power Metal announcement.

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By Anna Farley; annafarley@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
20 Sep 2023 19:15

TRADING UPDATES: Thor Energy fundraise to support drilling activities

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

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18 Aug 2023 17:32

IN BRIEF: Red Rock begins discussions with sales agent in China

Red Rock Resources PLC - Africa, South America and Australia-focused natural resource exploration and development company - Notes that discussions have begun with sales agents in China for the sale of lithium ores. Adds a potential contract miner/partner has sent an "experienced" South African consultant geologist who, with African Lithium Resources (Pvt) Ltd personnel, conducted due diligence at ALR's locations in Zimbabwe. ALR is the company's subsidiary.

Read more
7 Aug 2023 13:51

IN BRIEF: Red Rock Resources investors agree to note extension

Red Rock Resources PLC - London-based Africa and Australia-focused natural resources development company - Says its investors agree to an extension of notes for one year. Notes are now extended to July 2024 and January 2026. The conversion price of the notes have been adjusted from 0.6 pence per share to a price 20% above the volume weighted average price for the period from July 9, but the note conversion price cannot be less than 0.2 pence and not more than 0.6p per share.

Read more
3 Jul 2023 17:31

TRADING UPDATES: Mycelx wins deal; 88 Energy buys in Texas

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

Read more
21 Jun 2023 14:19

IN BRIEF: Red Rock Resources issues 200 million shares to repay debts

Red Rock Resources PLC - London-based Africa and Australia-focused natural resources development company - Says it has issued 199.6 million new shares at an average price of 0.1182746 pence per share to to settle GBP236,032 worth of debts. Says 65.9 million shares issued to Riverfort Global Opportunities PCC Ltd to repay GBP75,000, as well as 23.7 million shares issued in relation to a consent fee of GBP40,000. Adds that it has also issue 110.0 million shares to Diversified Metals Holdings LLC, to repay GBP121,032.

Read more
16 Jun 2023 15:42

Red Rock Resources granted first Ivory Coast licence

(Alliance News) - Red Rock Resources PLC on Friday said it has been granted its first licence in the Ivory Coast.

Read more
15 Jun 2023 14:22

Red Rock Resources gains environmental certificate for Zimbabwe mining

(Alliance News) - Red Rock Resources PLC on Thursday said that it has been granted an environmental certificate for the company's first Zimbabwe project, and can begin mining.

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12 Jun 2023 15:51

UK shareholder meetings calendar - next 7 days

Tuesday 13 June 
Animalcare Group PLCAGM
Asiamet Resources LtdAGM
Centrica PLCAGM
Dillistone Group PLCAGM
EJF Investments LtdAGM
Elixirr International PLCAGM
Flowtech Fluidpower PLCAGM
Frenkel Topping Group PLCAGM
Great Western Mining Corp PLCAGM
Newbury Racecourse PLCAGM
Plant Health Care PLCAGM
Pressure Technologies PLCGM re delay to the publication of the FY22 Annual Report and directors' remuneration
Pod Point Group Holdings PLCAGM
Sound Energy PLCAGM
Zinnwald Lithium PLCAGM
Wednesday 14 June 
abrdn Property Income Trust LtdAGM
abrdn Smaller Companies Income Trust PLCAGM
Andrews Sykes Group PLCAGM
Aquila Energy Efficiency Trust PLCAGM
Aurrigo International PLCAGM
Brave Bison Group PLCAGM
Christie Group PLCAGM
Foresight Solar Fund LtdAGM
IGas Energy PLCAGM
International Consolidated Airlines Group SAAGM
Iofina PLCAGM
James Fisher & Sons PLCAGM
Liberty Global PLCAGM
M&C Saatchi PLCAGM
Octopus Titan VCT PLCAGM
Petards Group PLCAGM
Thursday 15 June 
Amaroq Minerals LtdAGM
Anexo Group PLCAGM
ASA International Group PLCAGM
Baillie Gifford China Growth Trust PLCAGM
Chapel Down Group PLCAGM
Directa Plus PLCAGM
Everyman Media Group PLCAGM
HC Slingsby PLCAGM
Inspecs Group PLCAGM
Informa PLCAGM
IP Group PLCAGM
LBG Media PLCAGM
M&G Credit Income Investment Trust PLCGM re amendment to the company's articles of association
Novacyt SAAGM
OTAQ PLCAGM
Parity Group PLCAGM
PetroTal CorpAGM
Pollen Street PLCAGM
Shaftesbury Capital PLCAGM
Southern Energy CorpAGM
Friday 16 June 
Alpha Growth PLCAGM
Anglo-Eastern Plantations PLCAGM
Gulf Keystone Petroleum LtdAGM
John Lewis of Hungerford PLCGM re proposed cancellation of admission to trading on AIM
Tesco PLCAGM
Woodbois LtdAGM
Monday 19 June 
All ThingsConsidered Group PLCAGM
Blackbird PLCAGM
Finsbury Food Group PLCAGM
Globalworth Real Estate Investments LtdAGM
Marlowe PLCGM re proposed capital reduction
Metals Exploration PLCAGM
Red Rock Resources PLCGM re security conversion into shares for cash
Savannah Resources PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
11 May 2023 11:28

IN BRIEF: Red Rock shares fall, raises GBP535,840 in share placing

Red Rock Resources PLC - London-based natural resource development company with assets in Australia and Africa - Raises GBP535,840 through the placing of 376.0 million new shares at 0.1425 pence each. Says net proceeds of the placing will be used for activities in Africa and Australia, as well as for general working capital purposes.

Read more
4 Apr 2023 10:17

Red Rock Resources gets GBP223,000 in share placing to fund operations

(Alliance News) - Red Rock Resources PLC on Tuesday said it raised around GBP223,000 before expenses via a placing of new shares, which will be used to fund its activities in Australia, Kenya and Zimbabwe and for general working capital.

Read more
3 Apr 2023 15:03

TRADING UPDATES: Tracsis profit jumps; Elixirr 2022 earnings improve

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

Read more
28 Mar 2023 15:09

Red Rock Resources moves towards production on administrative progress

(Alliance News) - Red Rock Resources PLC on Tuesday celebrated progress at its project in Zimbabwe on the completion of several administrative, technical, and regulatory tasks.

Read more
15 Mar 2023 18:51

IN BRIEF: Red Rock Resources, Power Metal hail gold drilling testing

Red Rock Resources PLC- Africa and Australia-focused gold and base metals development company - and Power Metal Resources PLC - metals exploration company, focused on North America, Africa and Australia - Release update for Victoria, Australia-based joint venture at Berringa gold mine project, which is 50.1% held by Red Rock and 49.9% held by Power Metal. Says drilling is completed with a total of six diamond drillholes totalling 988 metres, with the majority of drill core samples undergoing assay testing at a laboratory. "Four of the six drill holes completed as part of this programme encountered visible gold," companies highlight. Power Metal Resources Chief Executive Officer Sean Wade says: "Importantly, 4 of 6 drill holes encountered visible gold including a significant 30-metre-wide mineralised quartz vein in the final hole completed - which remains open downhole."

Read more
24 Feb 2023 12:48

Red Rock subscriber requests further GBP6.7 million share issue.

(Alliance News) - Red Rock Resources PLC on Friday said a subscriber under a previously-announced funding agreement has requested it issue 26.8 million new shares to the subscriber at a price of 0.25 pence per share.

Read more
16 Feb 2023 16:50

UPDATE: Red Rock, Power Metal identify visible gold at Berringa mine

(Alliance News) - Red Rock Resources PLC and Power Metal Resources PLC both on Thursday said three holes have been completed in an inaugural drilling programme at the Berringa gold mine in the Victoria Goldfields joint venture in Australia.

Read more

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