Investegate |Armadale Capital PLC Announcements | Armadale Capital PLC: Conversion of Loan Notes and Director Shareholding investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.
Subscription and Investment Portfolio Update Armadale Capital plc (LON: ACP), the AIM quoted investment group focused on natural resource projects in Africa is pleased to announce that is has raised £850,000 via a private subscription with certain existing high-net worth shareholders in the Company (the Subscription ). As part of the Subscription, 18,888,889 new ordinary shares ( Ordinary Shares ) ( Subscription Shares ) in the Company will be issued at a price of 4.5 pence per Ordinary Share which was the mid-market price on 27 May 2021, being the last trading day immediately preceding this announcement. In addition, Subscribers will also receive one warrant for each Ordinary Share subscribed for, exercisable at a price of 7.00 pence and expiring on the three-year anniversary of the date of issue (the Warrants ). In aggregate, 18,888,889 Warrants will be issued alongside this Subscription.
Tauranga speed reduction plans approved, with surprise twist
13 Apr, 2021 07:00 PM
5 minutes to read
Michael Dance says there needs to be immediate action to keep school children safe from buses using a bus lane near a shared path on Links Ave. Photo / File
Michael Dance says there needs to be immediate action to keep school children safe from buses using a bus lane near a shared path on Links Ave. Photo / File
Bus drivers who whip down a busy Mount Maunganui road just metres from school children have prompted plans to bring in a variable speed limit for the area. Links Ave residents have long raised safety
Advertisement
Armadale Capital plc has reported that the National Environment Management Council (NEMC) of Tanzania has formally granted approval of the company’s Environmental and Social Impact Assessment (ESIA) for the production of natural flake graphite at the Mahenge Graphite Project (Mahenge Liandu) in south-east Tanzania.
The ESIA is the final necessary step in the mining licence application process. Now that it has been approved by the NEMC, it is now being submitted to the Department of Energy and Minerals to complete the mining licence application process.
Nick Johansen, Armadale Chairman, comments:
“We are extremely pleased with the formal approval of the ESIA by the Tanzanian National Environment Management Council. An important milestone for Armadale as a company as it is a final essential step prior to being able to be granted the full mining licence by the Department of Energy and Minerals.
Armadale obtains ESIA approval for Mahenge Liandu Graphite Project mining-technology.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining-technology.com Daily Mail and Mail on Sunday newspapers.