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Crabb practised as a solicitor from 1980 to 2004 specialising in mining, corporate and commercial law.
Golden Rim Resources Ltd. (ASX:GMR) has raised $1.27 million via a rights issue to fund the drilling program at its flagship Kouri Gold Project in Burkina Faso.
Target Energy Ltd (ASX:TEX) and Golden Rim Resources Ltd (ASX:GMR) are early fallers on the ASX during Monday.
The qualified pleasure arises from the fact that 2016 was a challenging year for the Company with the severe downturn in the copper price impacting negatively on equity raising opportunities. The poor equity market conditions resulted in the Company continuing its rationalisation process with a focus on expenditure. Chilean manpower and corporate manpower were reduced so that the organisation can be better aligned with its early stage exploration assets.
Golden Rim Resources (ASX:GMR) has fully acquired the Kouri Gold Project in Burkina Faso by purchasing the interest held by Epsilon Gold Mines.
Herencia Resources plc is pleased to announce the unaudited half-yearly accounts of the Company and its subsidiaries (the "Group") for the six months ended 30 June 2016.
As part of the Board restructure and Corporate Reinvigoration strategy ("the Strategy") announced on 27 July 2016, the Company is working with interested parties with the aim of providing additional funds to progress the Company's Picachos Project (Cu-Ag) and for working capital requirements. As part of the Strategy, the Company is looking to use these funds to move Picachos closer to a decision to mine or provide the foundations for potential joint venture scenarios given recent interest in the project.
SYDNEY, Aug 24 Resource companies are racing to dig zinc mines, betting that markets for the metal used to rust-proof steel and protect noses from sunburn have finally turned after a decade in the doldrums.
Ø The Company has executed a formal purchase agreement ("Agreement") with Golden Rim Resources Limited ("GMR") for the sale of its 70% ownership in the Paguanta zinc, silver and lead Project in northern Chile.
Whilst it has been a difficult operating environment for junior resources companies, I am glad to be able to update shareholders on the Company's activities during the financial year ended December 2015.
Herencia Resources plc (AIM: HER) refers to its previous announcement with respect to its intention to dispose of the Company's 70% equity in the Paguanta Project. On 10 May 2016, the Company announced they had entered into a transaction ("Proposed Transaction") with Golden Rim Resources (ASX:GMR) under which the Company will sell all of the issued shares in Paguanta Resources (Chile) SA ("PRC"), a wholly owned subsidiary of Herencia.
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Herencia Resources plc (AIM: HER) is pleased to announced that it has executed formal documentation for the sale of the Company's 70% equity in the Paguanta Project on the terms set out in the announcement dated 10 May 2016.
Herencia Resources plc (AIM: HER) refers to the announcement made on 10 May 2016 regarding a proposed transaction under which the Company will dispose of ("Proposed Transaction") all of the issued shares in Paguanta Resources (Chile) SA ("PRC"), a wholly owned subsidiary of Herencia Resources plc's ("Herencia", "Company") to Golden Rim Resources Limited ("Golden Rim"). PRC holds 70% of the shares in Compania Minera Paguanta S.
Herencia is pleased to announce that today it has executed legally binding term sheets with two of its shareholders, the Australian Special Opportunity Fund ("Lind Partners") and Oriental Darius Co. Ltd ("Oriental" and, together with Lind Partners, the "Shareholders") to advance the Company up to US$150,000. The funds will be provided by the Shareholders and will be divided into two Tranches (Tranche 1 totalling $50,000 and Tranche 2 totalling $100,000).