Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksOPP.L Regulatory News (OPP)

  • There is currently no data for OPP

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Private Placement Agreement with Kincora Copper

11 Jul 2012 07:00

RNS Number : 3712H
Origo Partners PLC
11 July 2012
 



11 July 2012

Origo Partners PLC

 

 Private Placement of Convertible Notes Agreement with Kincora Copper

 

Origo Partners Plc ("Origo") is pleased to announce that it has agreed to participate in a private placement offering with Kincora Copper Limited ("Kincora" or the "Company") an existing Origo portfolio company. Origo will subscribe for up to $2.5 million of a three year convertible note (the "Convertible Note").

 

The Convertible Note is due and payable three years from the date of issuance (the "Maturity Date"), and has a 8.7 per cent yearly interest rate, calculated and paid annually by way of the issuance of common shares of Kincora priced at the time of issuance in accordance with the policies of the TSX Venture Exchange (the"TSX-V").

 

The Convertible Note is convertible into units ("Units") at any time after the date of issuance at a price of $0.25 per Unit. Each Unit is comprised of one common share of the Company and one share purchase warrant (a "Warrant"). Each Warrant is exercisable to purchase one common share at a price of $0.45 for a term ending at the Maturity Date.

 

The completion of the private placement offering is subject to the approval of the TSX-V.

 

In connection with the placement, Kincora has granted Origo certain pre‑emptive rights to acquire further equity securities in the Company. Origo is currently the largest shareholder of Kincora holding a 29.28 per cent equity stake.

 

Kincora intends to use the proceeds of the private placement for further development of the Company's mineral properties in Mongolia and for general working capital purposes.

 

 

 

For further information about Origo please visit www.origoplc.com or contact:

 

 

Origo Partners Plc

Chris Rynning

Niklas Ponnert

 

chris@origoplc.com

niklas@origoplc.com

 

Nominated Adviser and Broker:

Liberum Capital Limited

Simon Atkinson / Richard Bootle

 

+44 (0)20 3100 2222

Public Relations:

Aura Financial

Andy Mills / Nina Legge

+44 (0)20 7321 0000

 

 

Notes to editors:

 

Origo Partners:

 

·; Origo is an AIM-listed private equity investor and strategic consultancy business which provides its shareholders with exposure to China-linked investment opportunities.

·; Based in Beijing, Origo has a significant portfolio of investments in a range of industrial sectors, including metals and mining, agriculture, renewable energy/clean tech and technology, telecom and media.

·; Origo invests directly in high growth Chinese companies as well as in companies based around the world with significant exposure to Chinese export markets.

·; Origo has a wholly-owned Mongolian subsidiary in Ulaanbaatar, providing corporate finance and advisory services to local investee and non-investee companies seeking to raise development funds and to assist portfolio companies in their development.

 

Kincora Copper

 

·; Kincora Copper Limited is a mining exploration and development company focused on copper-gold deposits in Mongolia. Its key assets are the Bronze Fox and Tourmaline Hills copper-gold properties located in southeast Mongolia along the Oyu Tolgoi copper belt.

·; The properties are located approximately 140km to the northeast of the world-class Oyu Tolgoi copper-gold project, and are 250km from the Chinese border.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
AGRQBLFFLDFZBBL
Date   Source Headline
30th May 20227:00 amRNSCancellation - Origo Partners Plc
27th May 20226:00 pmRNSOrigo Partners
28th Apr 20227:30 amRNSSuspension – Origo Partners plc
26th Apr 20227:00 amRNSSuspension from Trading
7th Mar 20227:00 amRNSAsset Sale Update
2nd Feb 20227:00 amRNSReturn of Capital and Asset Sale
27th Jan 20223:16 pmRNSAsset Sale
24th Dec 202110:46 amRNSResult of AGM
6th Dec 20213:34 pmRNSNotice of AGM
3rd Dec 20217:00 amRNSInvestment Update
22nd Sep 20217:00 amRNSHalf-year Report
28th Jun 20217:00 amRNSAnnual Financial Report
4th Jun 20217:00 amRNSSale of Shares in Gobi Coal & Energy Ltd
14th May 202111:18 amRNSHolding(s) in Company
9th Mar 202112:20 pmRNSHolding(s) in Company
8th Mar 20217:00 amRNSStatement re share price movement
24th Feb 20214:27 pmRNSHolding(s) in Company
23rd Feb 20219:53 amRNSHolding(s) in Company
27th Jan 20218:38 amRNSUpdate re Website
22nd Jan 202110:03 amRNSUpdate re Remaining Assets
24th Dec 202011:20 amRNSResult of AGM
24th Dec 202010:14 amRNSHolding(s) in Company
24th Dec 20209:51 amRNSHolding(s) in Company
17th Dec 202012:38 pmRNSHolding(s) in Company
30th Nov 20204:30 pmRNSNotice of AGM
28th Sep 20207:00 amRNSHalf-year Report
23rd Sep 20207:09 amRNSPrice Monitoring Extension
23rd Sep 20207:02 amRNSSecond Price Monitoring Extn
22nd Sep 20202:06 pmRNSSecond Price Monitoring Extn
22nd Sep 20202:01 pmRNSPrice Monitoring Extension
30th Jun 20207:00 amRNSAnnual Financial Report
12th Jun 20207:00 amRNSInvestment update
20th May 202011:00 amRNSHolding(s) in Company
7th May 20207:00 amRNSUpdate RE: Liquidation Plans
29th Apr 20202:06 pmRNSSecond Price Monitoring Extn
29th Apr 20202:02 pmRNSPrice Monitoring Extension
17th Mar 202012:12 pmRNSChange of Registered Office & Update on Website
12th Mar 20203:32 pmRNSWebsite
4th Feb 20207:00 amRNSInvestment Update
24th Dec 20197:00 amRNSInvestors update
11th Nov 201911:33 amRNSHolding(s) in Company
30th Oct 20194:16 pmRNSResult of AGM
23rd Oct 201910:41 amRNSHolding(s) in Company
23rd Oct 201910:39 amRNSHolding(s) in Company
4th Oct 20194:23 pmRNSNotice of AGM
27th Sep 20194:25 pmRNSReplacement Capital Distribution
27th Sep 201911:05 amRNSReplacement Interim Unaudited Financial Statements
27th Sep 20197:05 amRNSCapital Distribution
27th Sep 20197:00 amRNSInterim Unaudited Financial Statements
28th Jun 20194:15 pmRNSPosting of Annual Report

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.