Less Ads, More Data, More Tools Register for FREE

Pin to quick picksXtract Regulatory News (XTR)

Share Price Information for Xtract (XTR)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1.025
Bid: 0.95
Ask: 1.10
Change: 0.00 (0.00%)
Spread: 0.15 (15.789%)
Open: 1.025
High: 1.025
Low: 1.025
Prev. Close: 1.025
XTR Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Chepica Earn-in Option

13 Apr 2016 07:00

RNS Number : 9993U
Xtract Resources plc
13 April 2016
 

 

 

13 April 2016

 

Xtract Resources Plc

("Xtract" or "the Company")

 

Chepica Earn-in Option

 

Xtract Resources Plc (AIM: XTR), the gold mining and development Company, announces that it is in the final stages of re-negotiating the payments under the existing earn-in option agreement ("Option Agreement") for the Chepica gold and copper mine in Chile ('Chepica') and has agreed with the option holder to the deferment of the payment which was due in March 2016, whilst revised terms for the Option Agreement are being negotiated.

 

On 12 November 2015, the Company announced that it had re-negotiated the terms of the Option Agreement and all payments due in 2015 had been deferred until 2016 with a payment of US$385,000 due in March 2016, followed by a further nine monthly instalments of US$385,000, totalling US$3.85 million, with the last payment to be made in December 2016.

 

The basis for the revisions to the Option Agreement have been agreed in principle with the option holder and the Company will provide an update once an agreement is formalised. The terms of the Option Agreement are to be amended in order to provide the Company with additional flexibility from a working capital perspective.

 

 

Enquiries: 

Xtract Resources Plc

Jan Nelson, CEO

 

+44 (0)20 3416 6471

 

Cenkos Securities plc

Derrick Lee

Beth McKiernan

+44 (0)131 220 6939

Beaufort Securities

Jon Belliss

+44 (0)207 382 8300

St James's Corporate Services

Phil Dexter

 

+44 (0)20 7796 8647

+44 (0)7798 634398

Gable Communications

Justine James

xtract@gablecommunications.com

+44 (0)20 7193 7463

+44 (0) 7525 324431

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCAKBDBDBKBNQD
Date   Source Headline
5th Jul 20105:00 pmRNSDirectorate Change
25th Jun 20107:00 amRNSInvestment Update
1st Jun 201012:00 pmRNSInvestment Update
1st Jun 20109:00 amRNSInvestment Update
20th May 20107:00 amRNSDirectorate Change
11th May 20107:00 amRNSInvestment Update
29th Apr 201010:37 amRNSInvestment Update
22nd Apr 20109:19 amRNSInvestment Update
6th Apr 20107:00 amRNSChange of Adviser
24th Mar 20105:12 pmRNSHalf Yearly Report
11th Jan 20109:49 amRNSInvestment Update
8th Jan 201010:25 amRNSInvestment Update
4th Jan 201012:33 pmRNSDirectorate Change
31st Dec 20097:00 amRNSTotal Voting Rights
18th Dec 20093:01 pmRNSResult of AGM
18th Dec 200910:39 amRNSPlacing
16th Nov 20097:00 amRNSFinal Results
7th Aug 20093:56 pmPRNNet Asset Value(s)
6th Feb 20092:00 pmRNSHalf Yearly Report
15th Oct 20087:00 amRNSFinal Results
25th Jun 20087:00 amRNSInvestment update
4th Jun 20084:45 pmRNSHolding(s) in Company
3rd Jun 20088:54 amRNSInvestment Update
21st Apr 200810:04 amRNSInvestment Update
18th Apr 20088:20 amRNSInvestment Update
10th Apr 20084:44 pmRNSInvestment update
7th Apr 20088:42 amRNSRule 2.10 Announcement
7th Apr 20087:16 amRNSCambrian Mining Shareholding
7th Apr 20087:01 amRNSStrategic Review
28th Mar 20087:02 amRNSInterim Results
14th Mar 200811:16 amRNSInvestment update
11th Mar 20082:27 pmRNSInvestment Update
3rd Mar 20089:44 amRNSInvestment update
29th Feb 20083:46 pmRNSInvestment update - Amend
29th Feb 200812:31 pmRNSInvestment update
25th Feb 200810:08 amRNSInvestment update
18th Feb 200810:09 amRNSInvestment update
8th Feb 20087:00 amRNSInvestment update
7th Feb 20081:03 pmRNSInvestment update
1st Feb 200810:30 amRNSInvestment Update
31st Jan 20081:23 pmRNSTotal Voting Rights
31st Jan 200812:33 pmRNSInvestment update
29th Jan 20089:30 amRNSInvestment update
25th Jan 20084:48 pmRNSHolding(s) in Company
24th Jan 20085:20 pmRNSIssue of Equity
24th Jan 200812:50 pmRNSInvestment update
23rd Jan 200811:32 amRNSDirector/PDMR Shareholding
21st Jan 200810:29 amRNSInvestment update
18th Jan 20089:54 amRNSInvestment Update
15th Jan 20081:58 pmRNSResult of EGM

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.