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Cumulus Wealth Boosts Stake in Cosmo Metals

Cosmo Metals Limited (AU:CMO) has released an update. Cumulus Wealth Pty Ltd has increased its stake in Cosmo Metals Ltd, with its voting power ris...

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Barton Gold Holdings Limited (ASX:BGD) $3m Placement and $1m SPP to Launch Tunkillia Studies

Barton Gold Holdings Limited (ASX:BGD) (FRA:BGD3) (OTCMKTS:BGDFF) is pleased to announce that the Company has received firm commitments to raise $3 million (before costs) from existing and new Australian, European and North American institutional and sophisticated investors.

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Theta Gold Mines Ltd secures firm commitments for A$2.3 million private share placement

Theta Gold Mines Ltd secures firm commitments for A$2.3 million private share placement
proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.

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Investegate |Bezant Resources PLC Announcements | Bezant Resources PLC: Final Results and Publication of Annual Report

Investegate |Bezant Resources PLC Announcements | Bezant Resources PLC: Final Results and Publication of Annual Report
investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.

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Conditional Acquisition of Metrock Resources Ltd, 22 Dec 2020 01:00


and its mineral exploration licences in Southern Botswana,
comprising the Kanye Manganese project
 
 
Bezant (AIM: BZT), the copper-gold exploration and development company, is pleased to announce the conditional acquisition of 100% of Metrock Resources Ltd ("Metrock") and its manganese mineral exploration licences in Southern Botswana comprising the Kanye Manganese Project.
 
 
·    4,043 sq km land package with 125 km of potential on trend manganese mineralisation across the licences 
·    Trenching results have yielded in the case on one prospect of between 53% and 74% manganese oxide ("MnO")
·    Bezant will acquire 100% of Metrock by i) issuing 150,000,000 new shares to settle   £405,000 and ii) issuing 31,800,000 unlisted options exercisable at 0.40 pence per share up to 30 September 2024 and deferred consideration of £225,000 also to be settled in new shares should an Indicated Resource be delineated and settle Metrock's creditors of £45,100 and acquire loans due by Metrock of £198,213 by issuing a further 84,597,407 new shares and paying approximately £14,900 in cash. The new shares to be issued on completion of the acquisition represent approximately 6.26% of the enlarged share capital after this share issue (further details provided below under the heading Share Purchase Agreement)

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Class action launched against Mayfair fund trustee


Class action launched against Mayfair fund trustee
Sarah Kendell
14 December 2020
A compensation law firm has launched a class action against the trustee of collapsed Mayfair fund IPO Wealth, as unitholders in the fund look increasingly likely to lose the bulk of their $86 million investment.
In a statement, Slater and Gordon said it was launching the proceeding against IPO Wealth trustee Vasco Investment Managers and IPO Wealth licensee DH Flinders.
The law firm said the trustee had advanced around $86 million in investor funds between April 2017 and March 2020, and that “a substantial amount” would not be able to be recovered by liquidators that had since been appointed to the fund.

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Class action launched against collapsed investment fund for 'gut-wrenching' losses


Class action launched against collapsed investment fund for ‘gut-wrenching’ losses
By Jerome Doraisamy|14 December 2020
Plaintiff firm Slater and Gordon has commenced proceedings against IPO Wealth Fund, which was pitched to consumers as a “term deposit alternative”.
Slaters has filed a class action in relation to the allegedly misleading marketing of collapsed investment fund, IPO Wealth Fund (Fund). It is being brought against the trustee of the Fund, Vasco Investment Managers Limited, and DH Flinders Pty Ltd, the Australian financial services licensee who was responsible for the conduct of its authorised representative, IPO Wealth Pty Ltd (the company that issued the Fund’s promotional material to members of the public).

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