Key Developments: Minera Irl Ltd (MIRL.L)

MIRL.L on London Stock Exchange

3.50GBp
31 Mar 2015
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Latest Key Developments (Source: Significant Developments)

Minera IRL Ltd CEO taking leave of absence, Executive Chairman appointed
Friday, 6 Mar 2015 01:26pm EST 

Minera IRL Ltd:Says that Courtney Chamberlain will be taking a leave of absence for an indeterminate period of time from his role as Executive Chairman and CEO to deal with personal health matters.Courtney will remain on the Minera IRL Board of Directors.Board has appointed Daryl Hodges, Non-Executive Director, to the role of Executive Chairman with immediate effect.  Full Article

Minera IRL Ltd reaffirms FY 2014, 2015 production guidance
Wednesday, 12 Nov 2014 07:45pm EST 

Minera IRL Ltd:Says that it has increased its FY 2014 production guidance to 22,000 ounces (up from 21,000 ounces).Says for FY 2015, it is maintaining its forecast of 20,000 ounces.  Full Article

Minera IRL Ltd reaffirms FY 2014 production guidance; raises FY 2015 production guidance
Thursday, 14 Aug 2014 02:00am EDT 

Minera IRL Ltd:Reiterates FY 2014 production of 21,000 ounces.Sees FY 2015 production outlook increased to 20,000 ounces (from 15,000).  Full Article

Minera IRL announces sale of Don Nicolas Interest to CIMINAS
Wednesday, 30 Jul 2014 02:00am EDT 

Minera IRL Ltd:Enters into an agreement pursuant to which Compania Inversora en Minas will acquire the Company's remaining shareholding of Minera IRL Patagonia S.A.Total net cash consideration of US$11.5 mln.Minera IRL has no interest in or has any outstanding obligations or liabilities relating to Minera IRL Patagonia.  Full Article

Minera IRL Ltd receives construction permit
Monday, 30 Jun 2014 02:00am EDT 

Minera IRL Ltd:Says that it has granted the Construction Permit to build the Ollachea Gold Mine.Following the approval of the Environmental and Social Impact Assessment in 2013, the Construction Permit was the final major government approval required to commence construction.  Full Article

Minera IRL Ltd and Rio Tinto Mining and Exploration Limited Agree to adjusted payment terms on first instalment of final Ollachea Payment
Tuesday, 24 Dec 2013 02:00am EST 

Minera IRL Ltd:Says it has entered into an agreement with Rio Tinto Mining and Exploration Limited to pay 100 pct of the first instalment of the $21.5 mln due to Rio Tinto in ordinary shares of Minera IRL.Says the first instalment is 34 pct of the total amount due to Rio Tinto in respect of the final Ollachea payment, or $7.3 mln.Says the shares will be issued between Jan. 7 and 11, 2014.Says previously, the agreement allowed the company to settle up to 80 pct of the principal, representing $5.8 mln, in ordinary shares of Minera IRL, with the balance of $1.6 mln, including accrued interest, payable in cash.Says the payment terms on the final instalment, representing the remaining 66 pct of the total amount, or $14.2 mln, due on July 01, 2016 remain unchanged.  Full Article

Minera IRL Ltd Announces Closing Of USD3 Million Subscription With CIMINAS
Thursday, 10 Oct 2013 02:00am EDT 

Minera IRL Ltd announced that it has closed the previously announced offering of 9,146,341 ordinary shares of the Company to Compañía Inversora de Minas S.A. at a price of USD0.328 per Share (£0.204 per Share, converted at the Bank of Canada daily noon rate on 7 October 2013 and rounded to the nearest penny) for gross proceeds of USD3 million. This Subscription by CIMINAS is a component of the $80 million financing package for the development of the Don Nicolas Gold Project in Santa Cruz Province, Argentina announced on 19 August 2013. The Company filed a prospectus supplement with the securities regulatory authorities in each of the provinces of Canada, except Quebec, in connection with the Subscription on 8 October 2012. The net proceeds from the Subscription will be used toward the development of the Don Nicolas project, completing exploration activities on Minera IRL Patagonia S.A.'s mineral concession and for general corporate expenditures within MIRL IRL Patagonia S.A. Minera IRL is the operator and owns 51% equity interest in Minera IRL Patagonia S.A.  Full Article

Minera IRL Ltd And LionGold Corp Limited Cease Talks Regarding Potential Takeover Offer
Thursday, 10 Oct 2013 02:00am EDT 

Minera IRL Limited (Minera IRL or the Company) announced that with reference to its announcement on October 4, 2013, the Company announced that its discussions with LionGold Corp Limited regarding a proposed private placement and a possible offer for Minera IRL have ceased.  Full Article

Minera IRL Ltd Announces Agreement With Compania Inversora en Minas
Monday, 19 Aug 2013 02:00am EDT 

Minera IRL Ltd announced that it has entered into a definitive agreement (the Agreement) with Compania Inversora en Minas (CIMINAS) for 100% of the financing required to develop the Don Nicolas Gold Project in Santa Cruz Province, Argentina. 100% of Don Nicolas Project financing secured from Argentina sources for a total consideration up to $ 80 million. Minera IRL will retain 51% equity in Minera IRL Patagonia S.A. ("MIRL Patagonia" the subsidiary of Minera IRL which holds the Company's Argentinean assets). CIMINAS will invest $45 million as a capital contribution in exchange for a 45% interest in MIRL Patagonia and 9.1 million ordinary shares in Minera IRL. An additional 4% equity in MIRL Patagonia will be issued to the arrangers of the transaction  Full Article

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