Member Info for knicol46

awaiting contract news

* Under English law, a company is unable to issue shares at a subscription price which is less than their nominal value. The nominal value of the Existing Ordinary Shares is 2 pence, and the current market price as at close of trading on 7 December 2015 (being the last practicable date prior to the publication of this announcement) was 0.55 pence. This, together with market conditions generally, means that it is not currently possible for the Company to raise new equity capital from the market generally at a minimum subscription price of 2 pence per share or more. * It is therefore proposed that each of the Existing Ordinary Shares be sub-divided into one New Ordinary Share with a nominal value of 0.01 pence each and one hundred & ninety nine A Deferred Shares with a nominal value of 0.01 pence each.

Share Capital Reorganisation Under English law, a company is unable to issue shares at a subscription price which is less than their nominal value. The nominal value of the Existing Ordinary Shares is 2 pence, and the current market price as at close of trading on 7 December 2015 (being the last practicable date prior to the publication of this announcement) was 0.55 pence. This, together with market conditions generally, means that it is not currently possible for the Company to raise new equity capital from the market generally at a minimum subscription price of 2 pence per share or more. It is therefore proposed that each of the Existing Ordinary Shares be sub-divided into one New Ordinary Share with a nominal value of 0.01 pence each and one hundred & ninety nine A Deferred Shares with a nominal value of 0.01 pence each.

http://web.tmxmoney.com/quote.php?qm_symbol=osu £2m current mcap $5m potential offer coming our way $5.5m cash as at 30 September 2015 and only 183m shares in issue. $18.6m net assets as at 30 Sep 2015 well undervalue The Potential Buyers have the option to purchase the Akdjol-Tokhtazan Project at any time on or before the 31 December 2015 for a consideration of US$5.0 million.

this morning?

3 trades today - news awaits

acquisition completed

all resolutions passed - company can now issue more shares when they want

only positive news will stop the decline

RNS expected later today with GM results

'MML Shares were valued at CAD 3 cents, a premium to their latest financing completed in June 2015 at 2 cents.' CAD 3 cents = 1.5p value

The MML Shares were valued at CAD 3 cents, a premium to their latest financing completed in June 2015 at 2 cents. Aurasian Shares were valued at 0.35 pence using a 30 day VWAP of the Aurasian Shares traded on the London market between Oct 21 and Nov 20 2015.

potential acquisition

if and when required

to confirm results at GM later today

@ 0.014p

it will be deducted from the current market price if all agreed - shares to be suspended on 16 Dec 2015 before the court hearing.

must be news coming

..

on small volume http://web.tmxmoney.com/quote.php?qm_symbol=osu