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Scotgold boss steps down as Covid hits mine plan

TYNDRUM, SCOTLAND - AUGUST 03: Richard Gary (58) (ScotGold CEO) poses for a photograph with a piece of Gold ore from the Cononish gold mine on August 03, 2016 in Tyndrum, Scotland. The mine, operated by Australian owned ScotGold Resources Ltd, is the fir
By Scott Wright
SCOTGOLD Resources has unveiled a new chief executive as it revealed coronavirus had significantly impacted plans to mine for gold at Cononish, near Tyndrum, and put its cash position under pressure.
The company developing Scotland’s first commercial gold mine said Richard Gray, who has been in post since 2014, will be replaced by industry veteran Phillip Day on April 1. ....

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LONDON TRADING UPDATES: Motif Bio Says Orange Avenue Buys Subsidiary

LONDON TRADING UPDATES: Motif Bio Says Orange Avenue Buys Subsidiary
Fri, 26th Feb 2021 20:20
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
Motif Bio PLC - AIM-listed cash shell - Enters into a stock purchase agreement with Orange Avenue Technologies LLC, to which Orange has acquired 100% of the outstanding shares of Motif Inc from Motif with immediate effect. Orange is wholly owned by John Palmer, president of Tamarack Associates Inc - the company which was engaged by Motif to facilitate the sale of iclaprim and other assets of Motif Inc in January 2020. Motif remains suspended from trading while the proposed transaction is being negotiated and advanced. The transaction is an important step to prepare Motif to complete the reverse takeover. It also creates incentives for Orange to focus on the potential generation of value from iclaprim for Motif s shareholders, whil ....

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