Ascent Resources plc has proposed to appoint Marco Fumagalli to the board as a non-executive director. On appointment, he will become chairman of the company’s audit committee. Mr Fumagalli is an Italian businessman and industrial investor who was previously a group partner at multinational private equity and venture capital company 3i. He is a funding […]
Day: 15 November 2024
Ascent raises £600,000 via placing and restructures debt
Ascent Resources plc has raised £600,000 in a placing and restructured its debt with lender Riverfort. DISCOUNT The company issued 15,000,000 new ordinary shares of 0.5 pence each to new and existing shareholders, at a price of 4 pence per placing share. The placing price represents an approximate 5% discount to the closing mid-market price […]
Flintridge risked lives from rock fall and drowning
Flintridge Resources Ltd was fined £120,000 after pleading guilty to exposing mine workers to risks from rock fall and drowning in Cavanacaw gold mine near Omagh, Northern Ireland. UNSTABLE In mid-November, the Health and Safety Executive Northern Ireland (HSENI) prosecuted the company at Dungannon Crown Court for health and safety failings. “In July 2018, mine […]
Horizonte signs five-year port deals for Araguaia nickel
Horizonte Minerals plc has signed two five-year port agreements to import required raw materials and export of its final ferro nickel product for its 100%-owned Araguaia nickel project in Brazil. CONTRACTS The company has awarded the contracts to Grupo Atlantica Matapi and Santos Brasil Tecon Vila do Conde, both of which are established operators in […]