i3 Energy PLC Announces Reduction of Capital Circular ) detailing a proposed reduction of capital (the Capital Reduction ) and a notice convening a general meeting to consider and approve the Capital Reduction, will be posted to Shareholders later today.
Terms used in this announcement have the same meaning given to them in the Circular.
Proposed Reduction of Capital
The Board considers it highly desirable that the Company has the maximum flexibility to consider the payment of dividends and otherwise return value to Shareholders. However, the Company is generally precluded from the payment of any dividends or other distributions or the redemption or buy-back of its shares in the absence of sufficient distributable reserves.
Reduction of Capital
i3 Energy PLC (AIM:I3E) (TSX:ITE), an independent oil and gas company with assets and operations in the UK and Canada, today announces that a shareholder circular (the Circular ) detailing a proposed reduction of capital (the Capital Reduction ) and a notice convening a general meeting to consider and approve the Capital Reduction, will be posted to Shareholders later today.
Terms used in this announcement have the same meaning given to them in the Circular.
Proposed Reduction of Capital The Board considers it highly desirable that the Company has the maximum flexibility to consider the payment of dividends and otherwise return value to Shareholders. However, the Company is generally precluded from the payment of any dividends or other distributions or the redemption or buy-back of its shares in the absence of sufficient distributable reserves.
Update on Dugbe Gold Project
Trenching Results Define New Targets on Strike from Tuzon
Hummingbird Resources plc (AIM:HUM) is pleased to provide the following update in relation to the Dugbe Gold Project (the Project ) in
Liberia whereby Pasofino Gold Ltd ( Pasofino ) (TSXV:VEIN) has announced results of trenching on strike from the Tuzon deposit. For the full Pasofino release details and graphics please follow the link here:
4 June 2020.
Highlights from the Pasofino release include:
§ A six-kilometre ( km ) long gold ( Au ) in soil trend extending south-westwards on-strike from the two million ounce (Indicated Mineral Resource Estimate) Tuzon deposit was recognised in