Monday, 18 October, 2010 - 14:14
Minbos shares dip after ASX debut
West Africa-focused phosphate explorer Minbos Resources has lost ground in its first day of trading on the Australian Securities Exchange.
Minbos Resources, together with its subsidiaries, engages in the exploration and development of phosphate and potash bearing ore in Angola and the western part of the Democratic Republic of Congo (DRC).
The company, through a joint venture agreement, holds a 50% interest in the Cabinda project that comprises the Mongo Tando, Chibuete, Ueca, Cacata and Chivovo, and Cambota exploration deposits covering an area of approximately 200,000 hectares in Angola.
Rank | Company | 1 Yr | 5 Yr |
---|---|---|---|
1157th | AdAlta | -23.35% | -30.08% |
1158th | Enero Group | -23.46% | -4.56% |
1159th | Minbos Resources | -23.51% | 23.91% |
1160th | ECS Botanics Holdings | -23.61% | -18.5% |
1161st | Hutchison Telecommunications Australia | -23.62% | -27.85% |
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West Africa-focused phosphate explorer Minbos Resources has lost ground in its first day of trading on the Australian Securities Exchange.
Minbos Resources has appointed Everspring Partners as its strategic advisor, as the Perth-based explorer seeks finance, off-take and development partners for its suite of phosphate and potash projects in Angola and the Democratic Republic of Congo.
Phosphate miner Minbos Resources has secured $5.5 million in debt finance to boost working capital as it continues its search for a cornerstone investor to back its African projects.
Minbos Resources non-executive chairman Peter Richards has resigned from the board of directors.Mr Richards was the West African phosphate explorer's founding executive chairman when it listed on the ASX in October 2010.
The Waterberg Coal Company was Western Australia’s best-performed listed entity in 2013, providing a whopping 38,748 per cent return to shareholders, according to BNIQ data.
Minbos Resources has appointed Damian Black and Peter Wall as executive director and non-executive director, replacing former managing director and executive chairman Scott Sullivan and non-executive director David Reeves following Minbos’ terminated share entitlement deal.
West Africa-focused explorer Minbos Resources is seeking to raise $1.7 million to pay down debts, renew exploration licences and progress the sale of its Kanzi phosphate project in the Democratic Republic of Congo.
West Africa-focused explorer Minbos Resources has appointed former Aviva Corporation head Lindsay Reed as its new chief executive officer.
Minbos Resources will issue more than 203.3 million new ordinary shares and 93.3 million new unlisted options to investors as part of its conversion of outstanding convertible notes and securities.
Stef Weber has been appointed chief financial officer and company secretary of Subiaco-based Minbos Resources, following the resignation of Paige Exley as company secretary.
Shares in Minbos Resources surged on news it has entered into an agreement to sell half of the company to joint venture partner, Petril Projects, in exchange for full ownership of the Cabinda phosphate project in Angola.
A local oil and gas explorer led by Steinepreis Paganin partner Peter Wall has announced plans to acquire a digital technology company in a backdoor listing.
Minbos Resources has ended merger talks with its joint venture partner, Petril Projects, after the two companies were unable to agree on certain terms of the proposal.
The recently renamed Avenira is finally realising its potential to become a supplier of phosphate, ticking off a decision to mine at its project in West Africa.
Geoff Acton has been appointed as interim non-executive director of Antaria. Mr Acton has a wealth of accounting and corporate experience and was recently appointed in July as company secretary of the company.
Phosphate explorer Minbos Resources has entered into a new agreement to merge with joint venture partner Petril Phosphate, in a scrip and royalties deal valued at about $20 million.
Innovative shareholder registry management company, Advanced Share Registry is pleased to announce it has signed a binding agreement with Private Company Platform Pty Ltd to acquire a 51% shareholding in PCP.
Westgold Resources Limited is pleased to advise that completion of the sale of the South Kalgoorlie Operations (SKO) to Northern Star Resources Limited as announced on 8 March 2018 occurred on 29 March 2018.
Today's board moves wrap includes Belinda Cleminson, Tino Kapfumo, Michael van Uffelen, Barry Patterson, Joel Ives, Brett Tucker, Michael Rosenstreich, Justyn Stedwell, XiaoPing Yang, Narinder Singh, Sung Oh Lee, Rose Haddon, Rishi Singh, Carol Marinkovich, Shannon Coates, Fiona van Maanen, Damian Black, Graeme Johnston, David Crook, Shannon Green, Sufian Ahmad, Matthew O'Kane, and Jamie Myers.
Today's board moves wrap includes Peter Kane, Valentine Chitalu, Paul McKenzie, Graeme Robertson, Damian Black, and Bill Oliver.
Our board moves wrap includes James Brown, Gregory Bittar, Adrian Byass, Steve Brockhurst, Nadine Barry, Blair Snowball, Harry Miller, Ashley Lim, Shirley In't Veld, Graeme Smith, Arshad Muhammad, Marcus Goh, Tome Jongue, YiCheng Chen, Eric Kong, Piers Lewis, Victor Goh, Daniel Tydde, and Robert Ierace.
Minbos Resources is set to raise $25 million in a placement backed by billionaire Liang Feng, with the parties also set to research the potential for phosphate and green ammonia projects.
Our board moves wrap includes Jack Sedgwick, Robert Krachler, Miles Guy, Paul McKenzie, Peter Wall, Frank Si, Dganit Baldar, Lindsay Reed, Kate Sainty, and Sujana Karthik.
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