Member Info for adekela

It seems to be that Tiger is denying ECR's claim on earn in Tiger’s project partner, ECR Minerals, based in the United Kingdom, withdrew from the project. They are claiming that their expenditure to the date of their withdrawal entitles them, under the agreements, to 25% equity in the project, yet ECR has not complied with some provisions in the agreements and Tiger will not acknowledge ECR’s claim of equity until the conditions have been met. Specifically, but not limited to, ECR must provide all data to Tiger, and so far has only provided summaries and final reports. The summaries do not include any of the modelling surfaces and interpretations that were employed to derive mineral Resource calculations and their reporting. These models and interpretations were required to make submissions to the Philippine DENR by ECR immediately prior to their abandonment, for permit renewal and commitment future guaranteed expenditures - which must be paid to DENR regardless of ability to conduct field work over the proscribed renewal period. Failure to provide this full dataset, with documentation, would behoove TGR to deny ECR their claimed earn-in as this work would need to be redone by another third party consultant as it is a maiden Resource . ECR has been notified and we are waiting for it to comply. Under the circumstances, Tiger’s directors feel it is unjustified to commit further capital to the Danglay Project. Should, or when, the Philippine Government elects to renew EP006 we will move forward. Our position is that the project is on hold, pending clear determination by the Philippine government of its future mining industry plans. Since the Philippines is one of the most prospective resource locations on the planet the present industry contraction should be temporary.

Thanks

I think it was £32,000 per month

ii) Placing The Placing of £1.75 million is being participated in by Helium (£710,000), myself (£10,000), and Proposed Directors Grahame Rummery (£10,000) and Mark Collingbourne (£25,000). Helium currently owns 100,000,000 Existing Ordinary Shares in the Company, and as such is a substantial shareholder, and therefore a related party under the AIM Rules. Helium has agreed to subscribe £710,000 in the Placing, which is being conducted at 1.68p per New Ordinary Share, the same price as the Open Offer and the price at which the Consideration Shares are deemed to be issued. This price represents an effective discount of 57 per cent. to the (suspended) share price (of 0.0155p per Existing Ordinary Share) (equivalent to 3.875p per New Ordinary Share post Share Consolidation), the closing mid-market price on the day before this document was issued..... 13. Board of Directors Grahame Rummery will join the Board as Chief Executive, and Mark Collingbourne as Financial Director, conditional on the Acquisition being approved at the GM, and First Admission. Adam Reynolds will stand down from the Board on Admission. Brief details of the Board, post Admission, are set out below.

25. Admission and dealings Applications will be made to the London Stock Exchange for the Existing Ordinary Shares and the Proposal Shares and separately for the HC Loan Shares to be admitted to trading on AIM. It is expected that First Admission of the Existing Ordinary Shares and the Proposal Shares will become effective, and that dealings in these shares will commence, on or about 17 August 2015 and that the Second Admission (of the HC Loan Shares) will become effective, and that dealings in these shares will commence, on or about 18 August

16. Lock-in and orderly market arrangements Helium has, and the Vendors have, undertaken to the Company, SPARK Advisory Partners and SI Capital that, save in certain limited circumstances, they will not dispose of any interest they hold in Ordinary Shares for a period of 12 months following First Admission and that, for a further period of 12 months thereafter, save in certain limited circumstances, they shall only dispose of an interest in Ordinary Shares through the Company's broker with a view to ensuring an orderly market in the Company's shares. Further details of lock-in and orderly market arrangements are set out in paragraph 10.1.10 of Part 6 of the Admission Document.

(ii) Placing The Placing of £1.75 million is being participated in by Helium (£710,000), myself (£10,000), and Proposed Directors Grahame Rummery (£10,000) and Mark Collingbourne (£25,000). Helium currently owns 100,000,000 Existing Ordinary Shares in the Company, and as such is a substantial shareholder, and therefore a related party under the AIM Rules. Helium has agreed to subscribe £710,000 in the Placing, which is being conducted at 1.68p per New Ordinary Share, the same price as the Open Offer and the price at which the Consideration Shares are deemed to be issued. This price represents an effective discount of 57 per cent. to the (suspended) share price (of 0.0155p per Existing Ordinary Share) (equivalent to 3.875p per New Ordinary Share post Share Consolidation), the closing mid-market price on the day before this document was issued. The participation of Helium in the Placing is a related party transaction. As I am not treated as being independent of Helium, the Independent Directors (in this case Stephen Foster and Adam Reynolds) consider, having consulted with SPARK Advisory Partners, the Company's nominated adviser, that the terms of this subscription by Helium in the Placing are fair and reasonable insofar as the Shareholders are concerned. Helium has indicated its intention not to take up its entitlement as an existing Shareholder in the Open Offer. As part of the Placing, I have agreed to subscribe for New Ordinary Shares as set out below:

Helium are locked into REACT for years!

Thank you.

I got this off Investegate. Does not appear to have been discussed. Any ideas? THE TAKEOVER PANEL - DISCLOSURE TABLE 19 February 2015 - FINAL The following are today's changes to the Disclosure Table: OFFEREE: Kea Petroleum Plc Offer period commenced: 14:36 16-Feb-2015 1p ordinary ISIN: GB00BRTL3035 NSI: 93,986,957 Warrants expiring 31 May 2015 NSI: 2,160,714 Warrant expiring 16 January 2017 NSI: 1 Warrant expiring 1 June 2019 NSI: 1 OFFEROR: No named offeror

Hi, fyi today I made a purchase, at 1508, which is shown as a sell. I wonder what the rest of today's activities were.