Botswana Metals will undertake a non-renounceable rights issue to raise up to $1,011,145 before costs. The offer includes 7 new shares for every 9 shares held at the record date.
Protean Wave Energy is acquiring patented wave power technology that is designed to convert ocean wave energy into a useful form of energy.
We are joined exclusively by Bruce Lane, managing director, in Proactive Q&A Sessions™.
BBX is now sufficiently funded to enable work to continue on the exploration program, and to reconcile the inconsistences, at Juma East in Brazil.
A reverse circulation drilling program will commence later in the month, and will test five strong-moderate conductors at Legend's Rockford Project in the Fraser Range district of Western Australia.
At one stage during the trading session last night, the Dow was off 400 points, but late bargain hunting trimmed losses.
The ASX SPI 200 is off 60 points to 4863.
The next key catalysts for Buru will be the test results from the Ungani Far West 1 well. This highly anticipated news flow is expected over the next couple of weeks.
Protean Wave Energy should attract significant investment interest with the acquisition of a patented wave power technology that is designed to convert ocean waves to electricity. The acquisition will see the company emerge as a renewable energy company on the ASX.
"Today’s DOE decision is an extremely positive milestone for Bear Head LNG as it removes a significant risk for the project," Bear Head LNG President Maurice Brand said.
Intermin has intersected more high-grade gold, which is outside the current resource envelope. An upgraded resource is expected in the March quarter 2016.
A shining light on the ASX are gold stocks, as the price of the yellow metal in Australian Dollars continues to soar. In focus today will not only be producers, but also explorers with news flow and results pending.
Metro Mining's managing director, Simon Finnis, joined Proactive's Spotlight CEO Sessions roadshow this week in Sydney and Melbourne. Metro's assets are located in Cape York’s world-class bauxite province.
The two companies are finalising strategic funding needs for WinterGarden and transaction completion. These discussions are at an advanced stage and IGS expects to finalise them in the coming weeks.