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Drake Resources Ltd (DRK.AX)

DRK.AX on Australia Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Drake Resources updates on seeking re-instatement of Tullsta licence
Thursday, 13 Jul 2017 09:28pm EDT 

July 14 (Reuters) - Drake Resources Ltd :Company is in process of seeking re-instatement of its tullsta licence which expired in december 2016.  Full Article

Drake Resources says Brett Fraser to resign as chairman and enters financing deal
Thursday, 17 Nov 2016 11:46pm EST 

Drake Resources Ltd : Currently intended that Brett Fraser will resign as chairman of company . Board of Drake received various recapitalisation and funding proposals . Has entered into agreements with empire Capital Partners Pty Ltd to facilitate a medium term financing and recapitalisation of co .Total amount repayable under facility is $1.3 million.  Full Article

Drake Resources says Genome Technologies acquisition not to proceed
Wednesday, 12 Oct 2016 09:41am EDT 

Drake Resources Ltd : ASX has determined that Genome co structure and operations post completion of acquisition will not be suitable for listed entity .Advises that as a result, "transaction will not proceed".  Full Article

Drake Resources to acquire Genome for A$11 million
Monday, 23 May 2016 07:53pm EDT 

Drake Resources Ltd : Drake has agreed to an acquire Genome for A$11 million .Prior to completion of acquisition, intends to raise minimum of $9.365 million and up to A$10 million through the issue of shares.  Full Article

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