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Proactive news highlights: Amur Minerals, Caledonia Mining, Condor Gold, SeaEnergy and more...

Caledonia Mining chairman is forced to buy back shares, Range Resources settles outstanding disputes and the world's biggest polyhalite project gets even bigger.

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Daily news round-up from the world of Proactive

Big news up North as the world’s largest polyhalite project just got bigger.

Sirius Minerals PLC (LON:SXX) said its project in North Yorkshire is host to a 280mln-tonne ore reserve at a grade of 88.4%, compared with 250mln tonnes at 87.8% previously.

In other news, Independent Resources plc (LON:IRG) secured £200,000 of additional capital, via an issue of convertible loans.

The funding comes from investors introduced by arranged by Brandon Hill Capital, and provides immediate working capital whilst the group awaits revenues from assets in Egypt, talks to creditors and seeks a longer term funding solution.

Over at Landore Resoruces (LON:LAND) the group is to re-assess the lithium potential on its Junior Lake licence after a resurgence of interest of interest in similar deposits in Ontario, Canada.

Follow up drilling at BAM East will start at the end of next month after initial drilling established a 30m wide gold zone, 100m long and down dip that was open in all directions.

Meanwhile, IFC, the investment arm of the World Bank, has further backed Condor Gold (LON:CNR) through exercising a non-dilute clause.

The clause was inserted in 2014 when IFC bought its original stake the Nicaragua-based gold explorer through a £3.5mln investment.

Over at S & U Plc (LON:SUS), the motor finance and specialist lender has not been taking its foot off the pedal this year.

According to an upbeat trading statement issued ahead of the annual general meeting (AGM) on Tuesday, “trading is very good”.

Elsewhere, Range Resources Ltd (LON:RRL, ASX:RRS) has signed an agreement with Lind Asset Management which settles all outstanding claims and disputes.

It draws a line under the long running dispute with the investment group.

Today Amur Minerals Corporation (LON:AMC) said its 2016 drill season is underway on the Kun-Manie nickel-copper licence in the Far East of Russia.

The work has two main objectives. It will be used to compile a large representative metallurgical sample for the MKF deposit, while there will also be an exploration element to it.

Another thing, SeaEnergy PLC (LON:SEA) has signed an exclusivity agreement with a potential buyer of its Return to Scene business (R2S) subsidiary.

The company told investors it had been in detailed discussions with a number of potential purchasers of R2S before entering into exclusivity with the preferred bidder.

And finally, Caledonia Mining (LON:CMCL) chairman Leigh Wilson is around £19,000 out of pocket after he had to buy back shares in the company sold by his financial adviser without his knowledge.

The Zimbabwe-based gold miner revealed yesterday that Wilson only found out last week his entire stake of 75,200 shares was sold at the end of February for 63 cents each.

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