Wednesday, 16 October, 2013 - 15:40
Minera overhauls board following review
Minera Gold has restructured its board of directors and cut costs following a comprehensive review of its business.
Titan Minerals is a Peru-focused minerals exploration and production company. The company was formerly known as Mundo Minerals Limited and changed its name to Minera Gold Limited in September 2012. In August 2015, the company was placed into administration, and de-listed from the ASX in August 2016 due to the failure to pay listing fees.
In August 2017, the company was restructured, subject to a deed of company arrangement, and was renamed Titan Minerals. Recapitalisation was completed in October 2017. At the time of the DOCA, Titan had interests in two Peruvian projects: the San Santiago Project and the Torrecillas Gold Project. The company disposed of the Torrecillas project as part of the recapitalisation process, but retained rights to earn back into certain tenements in the project.
Rank | Company | 1 Yr | 5 Yr |
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1469th | Bill Identity | -49.89% | 0% |
1470th | Forbidden Foods | -49.89% | 0% |
1471st | Titan Minerals | -50% | -19.73% |
1472nd | Synertec Corporation | -50% | 37.97% |
1473rd | Healthia | -50% | 0% |
Rank | Company | # | |
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92nd | ![]() |
Titan Minerals | $5.52m |
108th | ![]() |
Vital Metals | $3.91m |
109th | ![]() |
Aurumin | $3.46m |
110th | ![]() |
WA Kaolin | $3.38m |
111th | ![]() |
RareX | $3.32m |
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Minera Gold has restructured its board of directors and cut costs following a comprehensive review of its business.
Shares in Perth-based gold mining junior Minera Gold have risen by 25 per cent after the company signed a Letter of Intent (LOI) with a private Peruvian entity to utilise a 200 tonne-per-day CIP gold circuit for its Torrecillas gold project in Peru.
Shares in Perth gold miner Minera Gold rose by over 33 per cent after it announced it had signed an agreement to buy the San Santiago gold and copper processing plant in Peru for $US5.5million.
Perth gold miner Minera Gold has received $US4.5 million from investment company SilverStream to help fund the acquisition and proposed expansion of the San Santiago processing plant.
Minera Gold has named SilverStream SEZC president and director Brett Heath as a non-executive director to the board.
Perth-based gold miner Minera Gold has raised $US1.55 million ($A2 million) from existing shareholders and a new investor, while also announcing a number of board changes that includes the retirement of both its chairman and chief executive.
South American-focused miner Minera Gold says it desperately needs a capital injection so it can remain a viable company.
Just one day after making a desperate plea for funding, Minera Gold has entered voluntary administration with the appointment of Ferrier Hodgson.
The strong performance of the Business News index of 30 local companies designed to track the state’s economy implies good years ahead for WA.
Peru-focused Titan Minerals has announced plans to acquire West Perth-based Andina Resources, which owns a number of assets in close proximity to Titan, in a scrip deal worth approximately $19 million.
Gold-focused Titan Minerals has signed an agreement to purchase a processing plant in northern Peru in a cash and scrip deal for approximately $6.5 million.
Tungsten Mining has announced a placement to sophisticated and institutional investors to raise approximately $20 million. Directors have received firm commitments representing approximately 75% of the Placement.
Titan Minerals has announced an $11 million capital raising to fund the purchase of a processing plant and exploration work at its Torrecillas and San Santiago projects in Peru.
Adrian Trevisan has resigned as non-executive director of Neurotech International. Dr Trevisan was integral in the founding of Neurotech and served as company director for a time.
The mining community is mourning the loss of Diggers & Dealers director John Langford, who died suddenly last week.
Advanced Braking Technology is pleased to announce the completion of its non-renounceable Retail Entitlement Offer. Shareholders and Institutions showed strong support for the Company, with substantial uptake of the Institutional and Retail Entitlement offers raising $1.28m before costs.
Lepidico is pleased to advise that the Renounceable Entitlements Offer announced on 3 September 2018 has been well supported by the Company’s shareholders and new investors and closed significantly oversubscribed.
Threat Protect Australia is pleased to announce that it has recently completed a capital raising of $1.0m through a placement of 4,761,905 fully paid ordinary shares in the Company at an issue price of $0.21 each.
Capricorn Metals advises that the Share Purchase Plan described in the offer booklet dated 6 February 2019 closed on 21 February 2019. The SPP allowed eligible shareholders the ability to apply for up to $15,000 of new fully paid ordinary shares in Capricorn at a price of $0.063 per share.
Automotive Holdings Group has slipped out of the benchmark S&P/ASX 200 index, while six Western Australian companies have moved into the S&P/ASX 300 index.
Titan Minerals has raised $20 million via a share placement, as the Subiaco-based junior seeks to complete its acquisition of Canada-based Core Gold and advance Core's Dynasty Goldfield project in Ecuador.
This weekly board moves wrap includes Vince Ippolito, Stewart Washer, Matthew Madden, Jason Stirbinskis, Rob McDonald, Evan Cranston, Tolga Kumova, Dror Nagel, Leigh Junk, Maggie Niewidok, Justin Mouchacca, Laurie Marsland, Michael Hardy, Matthew Carr, Cameron Henry, Robert Sckalor, and David McArthur.
WA-based juniors Titan Minerals, Coziron Resources, Galan Lithium, Anglo Australian Resources, and Big River Gold have announced share placement activity on the ASX today.
Subiaco-based Titan Minerals has launched its second takeover offer this year for Canada-based Core Gold, which is the largest gold producer in Ecuador, for a lower value than its initial bid.
Mincor Resources has reported a surge of demand for the company’s stock, with a $5 million share purchase plan closing early and oversubscribed, while Titan Minerals has secured $3.5 million for its Peruvian exploration operations.
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Subiaco-based explorer Titan Minerals has agreed to sell its non-core assets in Peru for $US6.4 million ($A8.9 million) to focus on developing its gold and copper projects in Ecuador.
Perth-based Titan Minerals has completed the sale of its Zaruma gold project in Ecuador to Pelorus Minerals for $US15 million in cash.
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Osborne Park-based Kin Mining has rejected a takeover offer from goldminer and major shareholder St Barbara, while announcing a $13 million capital raising.
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A geologist with more than 20-years’ experience in the mineral exploration industry, Melanie Leighton has been appointed the new chief executive of Perth-based Titan Minerals.
Our weekly appointments wrap includes Adam Bick, Jacob Deysel, Ben Macpherson, Nick Burns, Melanie Leighton, Matthew Carr, Andrew Forman, Melissa Winks, Ian Wells, Stephen Neale and Kate Casellas.
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New leadership is in store for ASX-listed NiCo Resources after announcing the resignations of founding non-executive chairman Warren Hallam and chief executive Rod Corps.
Our board moves wrap includes Andrew Tunks, Ben Talbot, Michael Higginson, Kate Sainty, Dan Robinson, Arron Canicais, Glenn Corrie, Mark Connelly, Lynda Burnett, David Royle, Donald James, Kyla Garic, Martin Pawlitschek, Greg Columbus, Douglas Jendry, Nick Rowley, and Tamara Brown.
A Subiaco-based junior miner has hit back against a legal action over alleged breaches of royalty agreements, describing the claim as without merit and misconceived.
Copper-gold explorer Titan Minerals has inked a joint venture partnership worth more than $185 million with a Hancock Prospecting subsidiary for one of its southern Ecuador projects.
Subiaco-based junior Titan Minerals plans to raise $20 million in a bid to continue its project growth in Ecuador.
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