The directors of Perth-based gold explorer Echo Resources have come out swinging after dissident shareholder Michael Ruane forced the company to convene a general meeting, where he will seek a board spill.
View Resources Ltd major shareholder IMC Resources (Australia) Pty Ltd has thrown a lifeline to the failed gold miner, offering to advance a $19 million loan to View's administrators.
Gold and nickel miner View Resources Ltd says its Bronzewing gold mine in the Eastern Goldfields is unlikely to meet a first quarter 2008 production target of 30,000 ounces, and has suspended development of the nearby Calista mine to reduce costs.
Perth-based gold miner View Resources Ltd has announced it will sell its 30 per cent stake in the Carnilya Hill Nickel Project to joint venture partner Mincor Resources NL in a package totalling $25 million.
Perth-based metals explorer View Resources Ltd will raise $10.6 million through the placement of 53 million new shares at 20 cents each, to cover short term funding for its Bronzewing gold project, the company has announced.
View Resources Ltd has suspended its shares amid speculation of a $10 million placement, roughly equal to 10 per cent of its current market capitalisation.
Belmont-based gold and base metals explorer Great Australian Resources Ltd has completed an agreement with Perth-based metals explorer View Resources Ltd for the latter's purchase of a tenement within the Corboys gold project area.
Perth-based metals explorer View Resources Ltd plans to raise $10 million through a rights issue, the company announced today, as well as securing a new debt facility under plans to move its Bronzewing gold project into positive cash flows by December.
Perth-based metals explorer View Resources Ltd has completed its $30 million capital raising, ahead of a production ramp-up at its Bronzewing Gold project and recommissioning of the Carnilya Hill Nickel project.
Perth-based metals explorer View Resources Ltd has announced plans to raise $30 million through placements and a retail offer, funding further development of its Bronzewing gold and Carnilya Hill nickel projects.
Perth-based gold and nickel miner View Resources Ltd has closed its offer to shareholders heavily oversubscribed at $5.8 million, from the $2 million target, enabling the company to recommission its Bronzewing gold mine next year.
Perth-based gold and nickel miner View Resources Ltd has announced plans to raise $20 million to complete the restart of its Bronzewing gold project, acquired from Newmont Mining Corporation in 2004.
Perth-headquartered gold company View Resources Ltd has confirmed its commitment to the Bronzewing Gold Project but has flagged concerns over a number of key issues.
View Resources Ltd 8-Jul-05 Austral Asia Resources & Infrastructural Investments Pty Ltd became a substantial shareholder with a relevant interest of 20,500,000 ordinary shares (13.9%).
