Key Developments: Coppermoly Ltd (COY.AX)

COY.AX on Australia Stock Exchange

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25 Aug 2014
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Latest Key Developments (Source: Significant Developments)

Coppermoly Ltd announces loan agreement and change of Managing Director
Tuesday, 15 Jul 2014 09:00pm EDT 

Coppermoly Ltd:Says that is has entered into a bridging loan with its major shareholder, Jelsh Holdings Pty Ltd (Jelsh), for the sum of $500,000.The Bridging Loan is repayable by Coppermoly on or before 16 Dec. 2014 and attracts interest of 6.5 pct. per annum.Also announced that Maurice Gannon, has resigned from his role as Managing Director.  Full Article

Coppermoly Ltd announces completion of rights issue
Friday, 23 May 2014 02:34am EDT 

Coppermoly Ltd:Non-renounceable rights issue at A$0.02 per share, with free attaching options, to eligible shareholders closed on May 20.Total of 10,119,078 shares were taken up by eligible shareholders raising $202,382.Total of 3,373,008 options will also be issued as part of entitlement offer.  Full Article

Coppermoly Ltd announces completion of placement
Monday, 14 Apr 2014 08:00pm EDT 

Coppermoly Ltd:Completes placement of 12,925,000 fully paid ordinary shares in Coppermoly, at an issue price of A$0.02 per share, to various sophisticated and professional investors to raise about A$258,500 (before costs).Participants in placement also received one unquoted option to acquire one share for every three shares received in accordance with placement.Options are exercisable at any time prior to July 1, 2015 at exercise price of A$0.05.Shares issued pursuant to placement will be entitled to participate in non-renounceable entitlement offer announced to ASX on April 8, 2014.Proceeds will be used to provide interim funding to Coppermoly pending completion of offer.  Full Article

Coppermoly Ltd announces non-renounceable entitlement offer
Monday, 7 Apr 2014 08:00pm EDT 

Coppermoly Ltd:Says it has resolved to undertake a non-renounceable pro-rata entitlement offer to raise up to A$5,275,870.Eligible shareholders will be offered the opportunity to acquire one new fully paid ordinary share in Coppermoly for every one share held as at the Record Date at an issue price of $0.02 per New Share, with no minimum subscription.Eligible shareholders will also receive one option to acquire a further share for every three new shares issued for no additional consideration.The attaching options will have an exercise price of $0.05 and will be exercisable at any time prior to July 1, 2015.  Full Article

Coppermoly Ltd announces appointment of interim chairman
Tuesday, 11 Mar 2014 01:40am EDT 

Coppermoly Ltd:Says that following resignation of Tom Revy as chairman of Coppermoly on March 11, the board have unanimously resolved to appoint Maurice Gannon as interim chairman, effective immediately.Gannon will continue in his role as managing director.  Full Article

Coppermoly Ltd announces commencement of drilling at Nakru-02
Tuesday, 4 Mar 2014 06:14pm EST 

Coppermoly Ltd:Says drilling at the Nakru-02 copper prospect in Papua New Guinea has commence.Says the diamond drilling rig will arrived on site March 4.Four holes of 150 metres depth will initially be drilled beneath the site where consistently high-grade rock chip and trench samples have been previously obtained.  Full Article

Coppermoly Ltd announces completion of private placement and allotment of securities
Monday, 30 Dec 2013 08:21pm EST 

Coppermoly Ltd:Says further to the announcement on Dec. 23, it has on Dec. 31 completed the allotment procedures for the private placement of 52,737,609 shares at A$0.016 per share, to raise about A$840,000 (Placement).Says the funds raised from the placement will be used to fund exploration of its tenements and the repayment of the outstanding convertible notes due for repayment on Jan. 21, 2014 as well as other general working capital requirements.Says the placement was not underwritten.  Full Article

PNG Minister For Mining Grants Powell Exploration Licence To Coppermoly Ltd
Monday, 7 Oct 2013 11:45pm EDT 

Coppermoly Ltd announced that its long standing tenement application ELA 1782 Powell located in the East New Britain Province in Papua New Guinea, has been granted by the PNG Minister for Mining for a period of two years.  Full Article

Coppermoly Ltd Announces Variation Of Reacquisition Agreement
Monday, 7 Oct 2013 07:25pm EDT 

Coppermoly Ltd announced that it has reached agreement with Barrick (PNG Exploration) Ltd (Barrick) to amend the terms of the Re-Acquisition Agreement, so as to defer payment, until August 2014, of part of the initial payment due to Barrick by: a) reducing the initial payment due to Barrick, from approximately $1,011, 000 (including interest) to an amount of $680,000; and b) increasing the second payment due to Barrick in August 2014, from $1,000,000 to approximately $1,331,000. The Re-Acquisition Agreement, as varied as per (a) and (b) above, provides for the acquisition of Barrick's interest in the West New Britain Project in three stages as follows: under the first stage, Copper Quest will acquire an additional 23% interest from Barrick, taking Copper Quest immediately to a 51% interest, for a purchase price of $680,000.00 (Initial Payment); under the second stage, Copper Quest will acquire an additional 21% interest from Barrick, taking Copper Quest to a 72% interest, for a purchase price of $1,331,000.00 payable in August 2014; and under the final stage, Copper Quest will acquire the final 28% interest from Barrick, taking Copper Quest to a 100% interest, for a purchase price of $3,000,000.00 on or before the earlier of: August 2018; and the date that Coppermoly releases a feasibility study on any one or more of the exploration licences to the ASX.  Full Article

Coppermoly Ltd Does Not Recommend Dividend
Monday, 23 Sep 2013 09:57pm EDT 

Coppermoly Ltd announced that no dividend has been paid or recommended during the year ended June 30, 2013.  Full Article

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