Minco (MIO)

 

Mining Roundup

Regency Mines (LON:RGM) was the sector's biggest faller after raising GBP400,000 through a placing of 66,666,667 new ordinary shares at 0.6p apiece with institutional investors.

Additionally, for every three shares subscribed for, one warrant will be issued to every subscriber for a total of 22,222,222 warrants giving rights to subscribe for new ordinary shares in the company.

The proceeds of the placement will be applied to oil activities, and for working capital purposes.

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Scotgold Resources (LON:SGZ) has placed 83.3m new shares at GBP0.006 to raise GBP500,000 gross.

Funds would be used to:

- Investigate the viability of a phased approach to the development of the Cononish Gold and Silver Project and as appropriate revise the Cononish Bankable Feasibility Study.

- Provide additional working capital during the previously announced Bulk Processing Trial such that the premium achieved on verified Scottish gold can be optimised.

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Nyota Minerals (LON:NYO) has received a requisition for a general meeting from three shareholders - Mr Stevens, Mr Pearce and Mr Lancaster, - to oust chief executive Richard Chase and Mr Michael Langoulant.

This follows similar requisitions from Andrew Neal and Fiske Nominees.

The company is seeking legal advice to confirm that the latest requisition complies with Australian Corporations Act 2001 (Cth) (Act).

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The sector's biggest risers were ZincOx (LON:ZOX) and Minco (LON:MIO) - up by more than 33.3% and over 23.3% respectively.

At 3:55pm:

(LON:AQP) Aquarius Platinum Ltd share price was -0.37p at 12.88p

(LON:BEM) Beowulf Mining PLC share price was +0.1p at 3.95p

(LON:BKY) Berkeley Energia Ltd share price was 0p at 23.25p

(LON:CEY) Centamin PLC share price was -1.72p at 89.28p

(LON:CHL) Churchill Mining PLC share price was -0.75p at 14.63p

(LON:CZA) Coal of Africa Ltd share price was -0.04p at 2.16p

(LON:FDI) Firestone Diamonds PLC share price was 0p at 20.13p

(LON:FRES) Fresnillo PLC share price was +15.75p at 930.75p

(LON:GEMD) Gem Diamonds Ltd share price was +4.25p at 102.25p

(LON:HOC) Hochschild Mining PLC share price was -4.87p at 88.88p

(LON:KMR) Kenmare Resources PLC share price was +0.07p at 1.08p

(LON:MIO) Minco PLC share price was +0.08p at 0.83p

(LON:NYO) Nyota Minerals Ltd share price was +0p at 0.09p

(LON:RGM) Regency Mines PLC share price was -0.23p at 0.63p

(LON:SGZ) Scotgold Resources Ltd share price was -0.08p at 0.65p

(LON:VED) Vedanta Resources PLC share price was +7.35p at 322.35p

(LON:ZOX) ZincOx Resources PLC share price was +0.28p at 1.1p