TRADING UPDATES: Cohort gets contract extension; IQGeo wins new deal
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IN BRIEF: Tectonic Gold inks JV agreement for Mt Cassidy mining
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Tectonic Gold Plc - Exercise of warrants and issue of equity
PR Newswire
Exercise of warrants and issue of equity
Tectonic Gold plc (TDIM: TTAU), is pleased to announce that following the 5 March 2021 call on warrant holders, warrants for a total of 90,568,178 new Ordinary Shares at a price of 0.7p have been exercised raising a total of £633,977.25.
In addition, the Company has partially exited its holding in VOX Royalty Corp, strategically monetising two thirds of its position, at over CAD3,10 per share. 65,539 shares were sold generating proceeds of circa AUD215,000 to be applied to additional drilling.
Highlights:
Initial indicative demand of £500,000 significantly exceeded
Tectonic Gold Plc - Drill Warrant Notice
PR Newswire
Drill Warrant Notice
Tectonic Gold plc (TDIM: TTAU), is providing formal notification to Drill Warrant holders that on the back of successful initial drilling results the September 2020, the 0.7p warrants are being called. The company has worked with warrant holders to secure approximately £500,000 in new capital from the conversion of approximately 70 million warrants. Unconverted warrants will be rolled to February 2022 with the exercise price reset to 1.4p.
Warrant Notice Highlights:
Indicative demand from warrant holders of approximately £500,000
Fully funds next phase of technical program
Appointment of Geos Mining mineral consultants to conduct independent modelling