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Intex Resources ASA (ITXX.OL)

ITXX.OL on Oslo Stock Exchange

2 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Intex Resources Q2 operating loss narrows to $0.5 million
Tuesday, 30 Aug 2016 01:41am EDT 

Intex Resources ASA : Q2 operating loss $0.5 million versus loss $2.1 million year ago . Q2 net loss $891,000 versus loss $2.6 million year ago .Says needs to seek to diversify its business as this should over time increase shareholder value.  Full Article

Falcon Balanced Fund converts bonds into Intex Resources shares
Monday, 6 Jun 2016 07:19am EDT 

Intex Resources ASA : Falcon Balanced Fund has converted the outstanding bonds into shares in Intex Resources . 30.7 million new shares have been issued, corresponding to about 21 pct of total outstanding shares in Intex Resources .Following conversion, share capital of company is 2.9 million Norwegian crowns ($353,348) divided into 146.1 million shares, each with a nominal value of 0.02 crown.  Full Article

Intex Resources appointed Henno Grenness CEO
Wednesday, 1 Jun 2016 02:00am EDT 

Intex Resources ASA : Appointed Mr. Henno Grenness as CEO of company from June 1 2016 .Newly elected board succeeded to re-engage Grenness as CEO of company until Dec. 31 2016.  Full Article

Intex Resources: Largest shareholder proposes new board
Friday, 27 May 2016 02:19am EDT 

Intex Resources ASA : The White November Fund Ltd (White November) has submitted request to Intex Resources to call for EGM . White November proposes new board . White November proposes Lars Christian Beitnes as chairman .White November holds 11.34 pct of the total outstanding shares in the Company, and is currently the Company's largest shareholder.  Full Article

Intex Resources Q1 net loss narrows to $634,000
Thursday, 12 May 2016 02:00am EDT 

Intex Resources ASA : Q1 operating loss of $0.6 million versus Usd $0.8 million for same period last year .Q1 net loss $634,000 versus loss $778,000 year ago.  Full Article

Intex Resources secures EUR 2 million financing via convertible loan deal
Monday, 18 Apr 2016 02:00am EDT 

Intex Resources ASA:Has secured committed financing of 2 million euros via convertible loan agreement.Financing will be sufficient for at least next 12 months of operation.Is opinion that loan agreement is attractive to company compared with equity financing, as it is less dilutive.Main terms of 2 million euros loan is an interest rate: 5 percent per annum, payable quarterly.Have taken steps to further streamline organisation in Philippines.Expects to significantly scale down Norwegian operations, new corporate management structure will be therefore be announced shortly.Intends to initiate discussions with other parties with a view of finding a long-term solution for Norwegian holding company.  Full Article

White November Fund ups stake in Intex Resources to 9.1 pct
Thursday, 7 Apr 2016 08:35am EDT 

Intex Resources ASA:White November Fund Ltd, based in Cyprus, has subscribed for 5.5 million shares in a private placement in Intex Resources.Prior to the private placement White November held 5 million shares in Intex Resources.Following transaction White November will hold 10.5 million shares, corresponding to 9.1 pct of total outstanding shares in company.  Full Article

Intex Resources raises NOK 2.2 mln in private placement
Thursday, 7 Apr 2016 07:35am EDT 

Intex Resources ASA:Completes private placement.Shares will be delivered upon payment, expected to be around April 12.Issues 5.5 million shares and raises gross proceeds of 2.2 million Norwegian crowns.Proceeds will be used to strengthen company's financial position.  Full Article

Intex Resources raises NOK 2 mln in private placement proceeds
Wednesday, 23 Mar 2016 03:40am EDT 

Intex Resources ASA:Says private placement has been completed.5 million shares subscribed for at 0.40 Norwegian crown per share, resulting in gross proceeds of 2 million Norwegian crowns.  Full Article

Intex Resources terminates copper-zinc venture agreement
Friday, 29 Jan 2016 02:00am EST 

Intex Resources ASA:Termination of copper-zinc venture agreement.Decided to dedicate its management and financial resources on Mindoro nickel project and has therefore terminated agreement with North Atlantic Minerals Ltd.As a consequence it will currently not pursue any exploration activities in central Norway has also not renewed 31 exploration licences​.  Full Article