News blog
Canisp
- BY: Andrew Hore |
- POSTED: 23/07/2010 |
- COMMENTS: Add yours
Cash shell Canisp is buying Tri-Star, which owns an antimony mining licence in the Gediz district of Turkey.
Canisp is paying £150,000 for Tri-Star and £150,000 more will be payable when the resource is deemed to be commercially viable and funding is raised to develop the mine.
Tri-Star owns the rights to the Goynuk antimony mine and intends to evaluate the resource at this mine through drilling and geophysical exploration. Antinomy is predominantly supplied by china and this resource will provide a source that is nearer to Europen customers.
Canisp will need to raise additional cash to finance the assessment of the resource.
Antimony is used as a flame retardant, for batteries, safety matches and in glass manufacture.
Shares in Canisp were suspended on 12 February. Canisp had six months from that date to make an acquisition.
At 0.34p a share, Canisp is valued at £2.96m.
© 2007 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
- 2.4mNumber of messages posted on SocialGo networks
- $38mCost savings generated by ideas from WalMart staff over a two month period
- 19.4m
Number of people passing through Johannesburg Airport in 2007
- News Blog
- All micro news
African Potash Ltd
Phil Edmonds shell African Potash Ltd is buying a potash asset in the Republic of Congo.
Plus Markets Group
Plus Markets Group has put itself up for sale.
Manroy
Heavy machine guns supplier Manroy has reported its first annual figures as a quoted company but the real benefits of its recent investments will not show through until the second half of this financial year.
Hangar 8
Passenger jet manager and operator Hangar 8 is taking a 49% stake in a new Malta-based business, which has been awarded an Aircraft Operators Certificate (AOC).
- Browse by issue
- All issues
- Popular tags
- All tags
- AIM Micro feeds
Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds
|