Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
CAN Bid: 1.3p Offer: 1.4p Change: 0.625
another tickup soon
CAN Bid: 1.3p Offer: 1.35p Change: 0.600
CAN Bid: 1.25p Offer: 1.35p Change: 0.575
1.305 to sell
Investment to Acquire Controlling Interest in CAG by New Dawn Mining Corp. As set out above, effective as of 16 June 2010, New Dawn made an investment to acquire the approximate 88.7% equity holdings in the Company of the three major shareholders, ECP, IAM and HBD, and, concurrently, acquired all the indebtedness owed by the Company to the three major shareholders, via debt assignment agreements. The monies that the Company owed to the three previous major shareholders are now owed to New Dawn. The Company is currently working with New Dawn as it engages in discussions with and submission of documentation to the Zimbabwe Competition and Tariffs Commission in respect of New Dawn's June 16, 2010 investment in the Company and the review of related competition and indigenization issues by the Zimbabwe authorities. The Company has filed the specific information called for under the Indigenization and Empowerment Act regulations. The Company is advised that New Dawn's plans with respect to the Company's assets and operations are being developed taking into account New Dawn's ongoing discussions with and submissions to the Zimbabwe authorities. Subsequent to the period end on 17 August 2010, New Dawn provided a US$2,000,000 loan facility, payable on demand and with interest calculated by reference to the London Interbank Offered Rates, to provide the short-term funds necessary to stabilise the operation of the Company and its subsidiaries. As of the date of this report, US$1,250,000 of that loan facility has been utilised. New Dawn has agreed not to demand payment of amounts advanced for the next twelve months The Company has informed New Dawn that CAG and its subsidiaries will require funds in excess of the current facility agreement in order to achieve commercial levels of production and to further develop the operations of the Company's assets. However, the amount required will not be determined until the completion of the detailed review that is currently in process. New Dawn has informed the Company that it is in the process of seeking to source and arrange additional financing, subject to the appropriate terms and conditions, consistent with the objectives noted above.
CAN Bid: 1.35p Offer: 1.4p Change: 0.650
CAN Bid: 1.1p Offer: 1.2p Change: 0.425
CAN Bid: 1p Offer: 1.2p Change: 0.375
CAN Bid: 1.35p Offer: 1.4p Change: 0.650
CAN Bid: 1.3p Offer: 1.4p Change: 0.625
CAN Bid: 1.25p Offer: 1.4p Change: 0.600
CAN Bid: 1.2p Offer: 1.25p Change: 0.500
CAN Bid: 1.15p Offer: 1.2p Change: 0.450
CAN Bid: 1.05p Offer: 1.2p Change: 0.400