Category Archives: Share distribution

Aura Minerals announced payment of extraordinary dividend

Aura Minerals Inc. announced that the board of directors of the BVI company approved the payment of an extraordinary dividend of CAD$4 million (CAD$0.92 per common share). The dividend will be paid to shareholders of record on January 6, 2020, as of the close of business on December 27, 2019.

By words of President and CEO of Aura Minerals Mr. Rodrigo Barbosa, this dividend is the result of company’s significant progress and operational performance achieved over the past two years. He said: “Our ability to sell the Serrote Project, merge with Rio Novo and ramp up the Aranzazu Mine, which reached close to full production in the third quarter of this year, allowed us to reward shareholders. With a strong foundation of high-quality assets and strong leadership, we remain focused on driving operational efficiencies and strong financial performance while developing the projects in our pipeline for continued growth in 2020.”

Premier African Minerals successfully closed fundraise on PrimaryBid

BVI-registered corporation Premier African Minerals Limited announced the launch of an offer via the PrimaryBid, which was successfully completed and closed on 11 December 2019. After the closing of the offer, the BVI company has raised gross proceeds of £262,293.00 at an issue price 0.1 pence per ordinary share via the Fundraising. To satisfy the Fundraising, Premier African Minerals has issued 262,293,000 New Ordinary Shares, and the application will be made for them to be admitted to trading on AIM. The shares are expected to be admitted to trading on December 18, 2019. Following the issue of the New Ordinary Shares, the company will have 11,266,071,580 ordinary shares of nil par value in issue.

CEO of the company George Roach said in his comments: “With our Zimbabwean operations being on the verge of hopefully turning a corner, we believe that this was a good opportunity for investors to participate in a fundraise on the retail friendly platform of PrimaryBid. We wish to express our sincerest appreciation to all participants in this successful fundraise.”

Euro Tech Holdings issues Bonus Shares

BVI company Euro Tech Holdings Company Limited announced that its board of directors has authorized the issuance of bonus shares. The shares are to be issued on October 8, 2019 to shareholders of record as of September 23, 2019, which will receive one ordinary share for every two ordinary shares held.

All share issuances resulting in a fractional share will be rounded to the next whole share. Shareholders should not take any action to receive the bonus shares, and shares held in brokerage accounts and street name should receive the bonus shares by credit to their brokerage account. American Stock Transfer and Trust LLC is an agent for administration of the shares issuance.

Chaarat Gold Holdings announced Capital Raising of US$11mln

BVI-incorporated mining company Chaarat Gold Holdings Limited proposed to raise Capital up to US$11mln, through a Convertible Bond issue of US$10mln and placing of ordinary shares of US$1mln, for the issue price of 30p. The new investor provided secured commitment to subscribe for US$10 mln , while the Board and senior management of the company are interested to participate in the Placing for approximately US$1mln.

The fund raising in the amount of US$11 mln completes the short-term funding plans of Chaarat Gold. To facilitate the introduction of long-term investing partners, the Board of the BVI company will consider additional subscriptions from current shareholders and new investors totaling up to US$5 mln. General Meeting for shareholders is expected to be held on or about 26 April 2019.

The capital raising will provide Chaarat with growth capital of approximately US$41 mln, at the same time it will assist in widening company’s shareholder base, which has already risen after company’s acquisition of the Kapan mine in Armenia, which transformed the BVI company from developer to producer. One of the key strategic objectives is to minimise dilution to shareholders.