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Phoenix Copper Regulatory News Live PXC RNS Regulatory News Articles for Phoenix Copper Limited Ord Npv (Di)
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Investegate |Phoenix Copper Ltd Announcements | Phoenix Copper Ltd: Placing and Subscription to raise £16 45 million
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Phoenix Copper Ltd (AIM: PXC, OTCQX: PXCLF), the AIM quoted North American focused base and precious metals emerging producer and exploration company, is pleased to announce that it has completed a new economic model for the Empire Mine open pit project in Idaho, USA to recover copper, zinc, gold and silver. - Copper led US mining operation with production targeted for 2022 - The updated Economic Model ( EM ) for the Empire Mine open pit project indicates strong cashflow and rapid payback in less than two years - 10-year Life of Mine ( LOM ) processing a total of 14.3 million tonnes Measured & Indicated ( M&I ) ore at a 0.5% copper cut-off grade
Issue of Equity Capital Metals Plc (AIM: CMET) is a natural resources company focussed on the development of the Eastern Minerals Project in Sri Lanka, one of the highest grade mineral sands projects globally . The Company announces the issue of 247,891 ordinary shares of 0.2 pence each ( the Shares ) to settle the interest component of convertible bonds ( the Convertible Bonds ) previously issued by its subsidiary, Capital Metals Limited. The Convertible Bonds were detailed in the Company s admission document published on 23 December 2020 ( Admission Document ). The conversion of interest on the Convertible Bonds to shares was applicable at the completion of the RTO on 13 January 2021 for a deemed value of US$27,888. Following the issue of the Shares, the settlement of the Convertible Bonds has now been completed.
( EPO or the Company ) Change of Name and Ticker The Change of Name to Capital Metals plc has now been confirmed at the Registrar of Companies. The Company s ticker is expected to change from PAL to CMET with effect from 14 January 2021. Total Voting Rights Following readmission earlier today of the enlarged share capital following the reverse takeover of Capital Metals Limited, for the purposes of the Disclosure Guidance and Transparency Rules, the Company s total issued share capital consists of 172,188,875 ordinary shares of 0.2 pence each. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure Guidance
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