Key Developments: Metminco Ltd (MNC.AX)

MNC.AX on Australia Stock Exchange

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12 Feb 2016
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Latest Key Developments (Source: Significant Developments)

Metminco Limited announces placing
Wednesday, 4 Nov 2015 04:46pm EST 

Metminco Ltd:Proceeds from the placing will enable the company to progress work on the Los Calatos Project.Says total of 250,000,000 new fully paid ordinary shares of the company have been placed by spangel at a price of A$0.00433.Says announces the raising of a total of A$1.2 (£0.55) million before expenses.Proceeds from placing will be applied to advance the company's wholly owned Los Calatos Project.  Full Article

Metminco Ltd increases Funds Raised From Rights Issue to A$2.1 million
Tuesday, 16 Jun 2015 08:38pm EDT 

Metminco Ltd:Says that after closing date (May 8, ) of well supported pro rata rights issue dated April 1, (rights issue) the company has received further shortfall applications to take up 70,005,500 fully paid ordinary shares in the company.Says that board has elected to accept these applications to raise additional A$350,028.Says new shares will be issued on same terms and conditions as right issue (being at an issue price of A$0.005 (0.0026 pounds) with a free attached option exercisable at $0.005 (0.0026 pounds) per share on or before May 15, 2016).Says that following issue of these new shares about 75 pct. of entitlements available under rights issue will have been taken up with a total of about A$2,136,013 having been raised before costs.  Full Article

Metminco Ltd increases funds raised from rights issue to A$1.8 million
Wednesday, 3 Jun 2015 07:52pm EDT 

Metminco Ltd:Says that after closing date (May 8) of well supported pro rata rights issue dated April 1 (rights issue) the company has received further Shortfall applications to take up 40,000,000 fully paid ordinary shares in the company.Says that as advised in rights issue prospectus dated April 1, and in accordance with the Corporations Act 2001 (Cth) and ASX Listing Rules, the board has elected to accept these applications to raise an additional A$200,000.Says new shares will be issued on same terms and conditions as Right Issue (being at an issue price of A$0.005 (0.0026 pounds) with a free attached option exercisable at $0.005 (0.0026 pounds) per share on or before May 15, 2016).Says that following issue of these new shares about 63 pct. of entitlements available under rights issue will have been taken up with a total of about A$ 1,785,985 having been raised before costs.  Full Article

Metminco Ltd increases rights issue to A$1.6 million
Sunday, 17 May 2015 10:11pm EDT 

Metminco Ltd:Says that after closing date (May 8) of well supported pro rata rights issue dated April 1, (rights issue) the company has received shortfall applications to take up 62,717,362 fully paid ordinary shares in the company.Says new shares will be issued on same terms and conditions as right issue (being at an issue price of A$0.005 (0.0026 pounds) with free attached option exercisable at $0.005 (0.0026 pounds) per share on or before May 15.  Full Article

Metminco Ltd's rights issue raises about A$1.27 million
Tuesday, 12 May 2015 07:53pm EDT 

Metminco Ltd:Says pro rata rights issue announced April 1, was well supported by shareholders with about 45 pct. of entitlements available under rights issue being taken up by existing shareholders.Rights issue, which closed on May 8, raised about A$1.27 million before costs by issue of 252,918,606 fully paid ordinary shares in the company at an issue price of A$0.005 (0.0026 pounds) per share.Under terms of rights issue participating shareholders will also be issued unlisted option exercisable at A$0.005 (0.0026 pounds) per share any time prior to 12 calendar months after date of issue (being on or about May 15, 2016) per share applied for under rights issue.  Full Article

Metminco announces issue of right issue
Thursday, 2 Apr 2015 02:18am EDT 

Metminco Ltd:To raise about A$2.7 mln (1.4 mln pounds) before costs ( Rights Issue).To offer a pro-rata non-renounceable rights issue of up to about 540,000,000 Shares on the basis of one New Share for every 3.25 Shares held at an issue price of $$0.005 (0.0026 pounds) per New Shares.New Shares will rank equally with all fully paid ordinary shares in the capital of the Company.Funds raised are intended to be used for Exploration work and Working capital.  Full Article

Metminco Ltd announces issue and allotment of shares
Friday, 20 Feb 2015 02:22am EST 

Metminco Ltd:Has issued an allotted 75,335,833 ordinary shares of no par value (firm placing) to sophisticated and professional investors to raise about A$450,000 in accordance with placing said on Feb. 18.Company has made an application for firm placing to be admitted to trading on AIM with admission expected to take place on Feb. 23.  Full Article

Metminco Ltd announces placement and rights issue
Wednesday, 18 Feb 2015 04:49am EST 

Metminco Ltd:Says completion of A$1 (0.5 Pound) mln capital raising.Says total of 179,191,151 new fully paid ordinary shares have been placed by RFC Ambrian at price of A$0.006 (0.003 Pound) each with an unlisted option to acquire an additional Share at A$0.006 (0.003 Pound) per share no later than 3 calendar months after date of issue of option.Placing comprises two tranches.Company will apply for admission of firm shares (75,335,833 shares) and attached 75,335,833 new options.It is expected that trading of the firm shares will commence on ASX on or around Feb. 20, Sydney time, and on AIM on or around Feb. 23.Subject to shareholder approval at General Meeting to be held on or about March 24, company will apply for admission of conditional shares (103,855,318 Shares) to be traded on AIM and ASX and 103,855,318 new options.Proceeds from placement together with funds raised from rights issue will be applied to expenditure related to company's objective of securing near term cashflow asset, completion of planned preliminary economic assessment for smaller.Also for high grade starter operation at Los Calatos, securing mining access rights at Mollacas and working capital.  Full Article

Metminco Limited announces issue and allotment of ordinary shares
Monday, 8 Dec 2014 02:18am EST 

Metminco Limited:Announces that the company has undertaken a monthly drawdown under the terms of the funding agreement with New York based Bergen Global Opportunity Fund, LP managed by Bergen Asset Management, LLC announced on Aug. 1.Says the company has issued an allotted 32,901,163 ordinary shares of no par value to the Fund in return for $250,000.  Full Article

Metminco Ltd announces issue and allotment of ordinary shares
Tuesday, 11 Nov 2014 02:00am EST 

Metminco Ltd:Company has undertaken monthly drawdown under the terms of funding agreement with New York based Bergen Global Opportunity Fund, LP managed by Bergen Asset Management, LLC (Bergen)announces on Aug. 1.Company has issued an allotted 26,233,318 ordinary shares of no par value to the fund in return for $250,000.Company has made an application for Bergen shares to be admitted to trading on AIM with admission expected to take place on Nov. 13.The shares will rank pari passu in all respects with all existing ordinary shares in the company.  Full Article

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