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Alecto Minerals PLC (ALOE.L)

ALOE.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Alecto Minerals plc announces JV with Randgold Resources for Kossanto West, Mali
Monday, 8 Feb 2016 02:00am EST 

Alecto Minerals plc:Says that Caracal Gold Mali SARL (Caracal), its wholly owned subsidiary, has entered into a joint venture agreement with Randgold Resources (Mali) Limited for exploration and development of Alecto's 137 km2 Kossanto West Gold Project in western Mali.  Full Article

Alecto Energy plc says Disposal of Ethiopian Assets
Wednesday, 30 Sep 2015 02:01am EDT 

Alecto Energy plc:Says disposal of its wholly owned subsidiaries Nubian Gold Exploration Limited and Rift Valley Resources Limited, which hold all of the Company's interests in the Federal Democratic Republic of Ethiopia, namely the Wayu Boda and Aysid-Metekel exploration licences, to Wame Mineral Development.Says Under the terms Wame will pay Alecto an initial nominal consideration of £1 in respect of each of Nubian and Rift Valley.Says potential further deferred consideration in the form of a royalty of US$3 per JORC resource ounce of gold or gold equivalent discovered up to a maximum of US$1.0 million, in respect of each of the licences.Accordingly, the maximum aggregate deferred consideration that could be receivable by the Company in the future is US$2.0 million.  Full Article

Alecto Minerals Plc announces change in Non-Executive Chairman
Wednesday, 1 Jul 2015 02:00am EDT 

Alecto Minerals Plc:Says resignation of Mark Wellesley-Wood, Non-Executive Chairman, with immediate effect.Following this change, Board will consist of three Directors being Toby Howell, who will assume role as Non-Executive Chairman, Mark Jones as Chief Executive Officer and Dominic Doherty as Operations Director.  Full Article

Alecto Minerals Plc raises GBP300,000
Tuesday, 23 Jun 2015 02:01am EDT 

Alecto Minerals Plc:Says that it has raised GBP300,000 by way of a placing, via Beaufort Securities Limited, as agent of the company, of 300 million new ordinary shares of 0.01 pence each in the capital of the company at a price of 0.1 pence per Placing Share, with an existing institutional investor.The Placing shares will represent about 21.43 per cent. of the company's enlarged issued share capital.The net proceeds of the Placing will provide the company with additional working capital as it actively conducts due diligence on potential acquisition opportunities in line with its over-arching strategy to become a gold producer in Africa.In addition, the company is currently advancing negotiations regarding partnership opportunities for its West African gold portfolio.  Full Article

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