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Sumatra Copper & Gold PLC (SUM.AX)

SUM.AX on Australia Stock Exchange

7 Dec 2016
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$0.00 (+7.69%)
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Latest Key Developments (Source: Significant Developments)

Sumatra Copper & Gold enters into agreement to issue 5 mln convertible notes
Tuesday, 15 Dec 2015 05:44pm EST 

Sumatra Copper & Gold PLC:US$5 million working capital for tembang.Entered into an agreement with the noteholder to issue 5 million convertible notes each with a face value of US$1.00.Says maturity date of the facility is 10 November 2017.  Full Article

Sumatra Copper & Gold plc announces appointment of David Fowler as managing director
Monday, 13 Apr 2015 06:23pm EDT 

Sumatra Copper & Gold plc:Says that David Fowler has been appointed managing director of the company effective immediately.Fowler has been acting-CEO since Dec. 15, 2014, and prior to that had been chief financial officer of the company since July 2013.  Full Article

Sumatra Copper & Gold plc announces equity placement of A$5.1 million
Wednesday, 25 Mar 2015 06:24pm EDT 

Sumatra Copper & Gold plc:Says that it has received irrevocable and firm commitments to raise about A$5.1 million (equivalent to $4.0 million at an exchange rate of 0.78) by way of placement of CHESS Depositary Interests (CDIs) in the company (CDI Placement) to professional and sophisticated investors.Under terms of CDI Placement the company will issue 88,521,828 CDIs, representing about 13 pct. of total CDIs on issue subsequent to issue of pPlacement CDIs, at a price of A$0.058 per CDI.Intends to use net proceeds of funds raised from CDI Placement for purposes of construction and development of the company's Tembang Gold-Silver Project, associated working capital requirements and extensional exploration at Tembang.  Full Article