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POLO
GCM Resources plc, an AIM quoted mining and energy company, announces that it today received a notice from Polo Investments Limited ("Polo"), pursuant to Section 168 of the Companies Act 2006, requesting that a resolution to remove Christian Taylor-Wilkinson be tabled, as an ordinary resolution, at the forthcoming Annual General Meeting of the Company or a general meeting of GCM to be convened as soon as practicable. Polo currently holds 43,328,003 shares representing 20.9% of the Company's total voting rights.
RNS - 24 Jan 2024
Doze, does this help?
The Company also announces the issuance of new ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") as payment of consulting fees in accordance with the consultancy agreement announced on 22 August 2022, with DG Infratech Pte Ltd ("DG") (the "DG Agreement") (together, the "Agreement").
The Agreement provides that new Ordinary Shares would be awarded to DG, and thus the following monthly consulting fee will be settled via the issuance of new Ordinary Shares:
· in lieu of DG's retainer fee for the period from 1 January 2023 to 31 December 2023 of £180,000, the Company will issue 4,363,636 new Ordinary Shares to DG.
GCM confirms that following the issue of new Ordinary Shares, DG will be interested in 4.165% of the Company's enlarged issued ordinary share capital.
RNS -7 March 2024
"Article 13 of the Iraqi federal budget obliges the Kurdistan Region to hand over, on a daily basis, at least 400,000 barrels of crude oil to Iraq’s State Oil Marketing Organization (SOMO) to be exported through Turkey’s Ceyhan port, or be used domestically in case it is not exported"
Is this going to happen, will IOC's hand over the Oil to SOMO
Https://www.kurdistan24.net/en/story/34616-Iraq,-Kurdistan-Region-in-talks-to-resume-oil-exports,-says-Iraqi-Oil-Minister
Https://www.kurdistan24.net/en/story/34616-Iraq,-Kurdistan-Region-in-talks-to-resume-oil-exports,-says-Iraqi-Oil-Minister
Https://www.kurdistan24.net/en/story/34611-Turkish-President-to-visit-Iraq-on-April-22
Https://www.rudaw.net/english/business/16042024
Not sure if this has already been posted on here, it all sounds very positive