Alba Mineral Resources plc has raised £300,000 by a placing of one billion new ordinary shares at 0.03 pence per ordinary share. USES Following admission, the company’s total ordinary shares in issue will number 10,736,939,266, with none held in treasury. Alba today also opened a separate retail offer at the same price per share to […]
Tag: Alba Mineral Resources plc
Alba to process 25t of historic Clogau ore
Alba Mineral Resources plc has removed around 25 tonnes of ore from historic mining, due to be processed for gold, from the Llechfraith target at its Clogau-St David’s mine in north Wales. BLASTING The “significant” exercise cleared the in-situ ore on levels 4 and 5, which “greatly exceeded” the anticipated volume and consequently extended the […]
Alba completes first blast at Clogau
Alba Mineral Resources plc has successfully completed the first blast at its Llechfraith priority gold target at Clogau gold mine in north Wales. COMMERCIAL “We are delighted to have successfully and safely completed the first blast at our main gold target at Clogau, the Llechfraith target,” said executive chairman George Frangeskides. “To our knowledge, this is […]
Alba raises £192,522 via retail offer
Alba Mineral Resources plc has conditionally raised approximately £192,522 before expenses via a “significantly oversubscribed” retail offer, exceeding its target of £100,000. The company issued 550,063,457 new ordinary shares of 0.01 pence each in the company at 0.035 pence per share. Following admission, Alba’s total number of ordinary shares in issue will be 9,725,510,695, with voting rights. The company holds […]
Alba raises £300,000 via placing
Alba Mineral Resources plc has raised £300,000 in a placing and subscription of 857,142,857 new ordinary shares at 0.035 pence per ordinary share. USES Chairman George Frangeskides subscribed for 48,571,428 shares for £17,000 and non-executive director Michael Nott subscribed for 8,571,428 (£3,000). Following admission, the total number of ordinary shares in issue will be 9,175,447,238, with voting rights. The […]
Alba reports ‘highly creditable’ fines gold
Alba Mineral Resources plc said it had a “highly creditable” result from processing fines from the surface waste tip at its Clogau-St David’s gold mine in north Wales. HISTORICAL Trench one revealed 16.4 grams equating to back-calculated head grade for the -20mm fines material of 3.83 g/t from trench one. Trench three resulted in 14.2 grams, […]