Key Developments: Amara Mining PLC (CLUGF.PK)
0.40USD
10 May 2013
$-0.05 (-11.11%)
$0.45
$0.40
$0.40
$0.40
1,000
997
$1.60
$0.40
Latest Key Developments (Source: Significant Developments)
Amara Mining plc Does Not Recommend Dividend
Amara Mining plc announced that the directors did not recommend the payment of a dividend (2011: nil). Full Article
Amara Mining PLC Reaffirms FY 2013 Production Guidance
Amara Mining PLC announced that it has maintained fiscal 2013 production guidance of 50,000-60,000 ounces. Full Article
Amara Mining plc Lowers FY 2012 Production Guidance
Amara Mining plc announced that for fiscal 2012, it expects production to be 53,000-57,000 ounces. Full Article
Cluff Gold Plc Announces Name Change
Cluff Gold Plc announced that it has changed its name to Amara Mining plc, effective immediately. The Company's ticker will change to AMA on the London Stock Exchange's AIM and to AMZ on the Toronto Stock Exchange once approval has been received from the TSX, which is expected by the end of this week. The corporate website address will change during the course to www.amaramining.com and Company email addresses have changed to the format of firstname.surname@amaramining.com. Full Article
Cluff Gold Plc Announces Strategic Alliance with Samsung C&T Corp
Cluff Gold Plc announced that it has signed a Memorandum of Understanding for a long term strategic partnership with Samsung C&T Corporation. This alliance commences with an unhedged USD20 million facility to provide additional funding to Cluff Gold to further the development of its portfolio of assets. The Memorandum of Understanding provides a general framework for the potential long term funding of Baomahun and other development opportunities. Through this long term partnership Samsung will have access to a reliable supply of gold bullion, underpinned by the Company's operational and management team whilst Cluff Gold will benefit from Samsung's financial support. Under the terms of the agreement, an initial USD20 million of debt finance will be drawn immediately, supported by the Company's interest in its Kalsaka/Sega project. These funds will be used to strengthen the Company's balance sheet and ensure the Company remains well funded during the development of Sega to continue the ongoing exploration and development work across its asset portfolio. Full Article
Cluff Gold plc Reaffirms FY 2012 Production Guidance; Comments On FY 2012 Quarterly Production Guidance
Cluff Gold plc announced that it expects to continue to increase production quarter-on-quarter in fiscal 2012 as the Company moves into higher grade zones at Kalsaka in H2 and gold in circuit is realised. The Company maintained guidance of 60,000-70,000 ounces for fiscal 2012. Full Article
Cluff Gold plc Announces Board Changes
Cluff Gold plc announced that Algy Cluff will step down as Non-Executive Chairman at the Company's next Annual General Meeting to assume a Chief Executive role in a new natural resources company. Mr Cluff will remain available to the Board as a consultant after the conclusion of the Annual General Meeting to ensure continuity, specifically in relation to African politics. The Board of Directors also announced that John McGloin will be appointed as Executive Chairman to replace Mr Cluff. Mr McGloin will join the Company as an Executive Director with immediate effect, to ensure a smooth transition ahead of Mr Cluff stepping down. Full Article
Cluff Gold plc Announces Exercise Of Options
Cluff Gold plc announced that the Company approved and issued 150,000 ordinary shares (Ordinary Shares) of GBP0.01 each in the Company (the New Ordinary Shares). The New Ordinary Shares are being issued pursuant to the exercise of options. Application has been made for the New Ordinary Shares to be admitted to trading on the AIM Market of the London Stock Exchange (Admission). Full Article
Cluff Gold plc Announces Management Change
Cluff Gold plc announced that Mr JG Cluff, Executive Chairman, is to become Non-Executive Chairman of the Company from August 1, 2011. Mr Cluff has been Chairman of the Company since he founded Cluff Gold in 2003 and held the role of Executive Chairman and Chief Executive until December 31, 2010 when he relinquished the role of Chief Executive to Mr Peter Spivey. As Non-Executive Chairman of the Company, Mr Cluff will oversee the strategy for the Company and provide guidance and assistance to the executive management team. His new role is expected to incorporate a significant executive component, including helping to oversee relationships with key stakeholders and partners (including governmental). Full Article
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