Tsodilo Resources Limited has announced that it has negotiated a non-brokered private placement of 306,183 units of the company at a price per Unit of CDN $1.28, which will provide gross proceeds to the company in the amount of CDN $391,914. Proceeds from the private placement will be added to the company’s working capital. Each Unit will consist of one common share and one common share purchase warrant of the Company, each such warrant entitling the holder to purchase an additional common share of the Company for a period of two years from the date of closing at a price…
Author: Editor
NOSA will host its 53rd occupational risk management conference and exhibition at Champagne Sports Resort in Drakensberg from the 9th – 12th September – NOSHCON. Integrated into NOSHCON this year will be the NOSCARS – NOSA’s international awards banquet that gives recognition to organisations and individuals with an outstanding and consistent commitment to providing safe and healthy working environments for employees. The annual event attracts leading brands in the Health, Safety and Environmental (HSE) management communities and affords risk management professionals and practitioners the opportunity to share their knowledge and expertise in creating risk free working environments. NOSHCON is the…
IAMGOLD Corporation has provided an update from ongoing exploration activities at its newly optioned Monster Lake project located 50 kilometres southwest of Chibougamau, Quebec, Canada. The company nitiated the current exploration program on the project at the end of 2013 pursuant to an Earn-In Agreement finalized with TomaGold Corporation (TSXV: LOT), in which IAMGOLD may earn a 50% interest in each of the Monster Lake , Winchester and Lac à l’eau jaune properties, collectively referred as the Monster Lake Project . To earn its interest IAMGOLD must complete scheduled cash payments and exploration expenditures totaling US$17.6 million over five years.…
Galane Gold Ltd. has revealed that due to a failure of its SAG mill motor, mill production is expected to be at approximately 70% of planned levels for a period of 8 to 18 weeks. The faulty motor has been replaced with an emergency spare that has 60% of the capacity of the replaced motor. The Company is currently reviewing the best option to resolve the issue. Several replacement motors have been identified which could be at site within 8 weeks or alternatively the faulty motor can be repaired which could take up to 18 weeks. Company management is optimistic…
Botswana Diamonds plc has announced the award of five new prospecting licences (“PLs”) in the Orapa region of Botswana. These PLs (PL206-210/2014) are high priority target areas for Botswana Diamonds. The new licences cover a total area of 1,357 sq km and will be explored under the ongoing joint venture between Botswana Diamonds and Alrosa, the Russian diamond major. The ground was identified as high priority by Alrosa. Two of the licences, PLs 206/2014 and 208/2014 are of particular interest because historically they posed exploration challenges due to depth of sand and swamp conditions. Neither contains known kimberlites but the…
Firestone Diamonds plc, the AIM-quoted diamond development company, says it has entered into the Absa Debt Facility, Subscription Agreements and the Mezzanine Facility Agreement, in relation to the Fundraising, pursuant to which the company has raised, in aggregate, approximately US$225.2 million (£137.3 million). The funds will be used to build and commission the Main Treatment Plant and supporting infrastructure at the Liqhobong Diamond Mine, located in the Lesotho Highlands. Accordingly the Placing, Subscription and Open Offer will complete on Admission of the New Ordinary Shares which is expected to occur on 29 May 2014, together with the issue of Warrants…
Lansmore Masa Square played host to a uniquely exciting evening of living with Chivalry on Friday 23rd May 2014. In partnership with Benju, Lansmore hosted a whisky tasting for guests that rivalled all others as the brands continued to prove those who fancy something a little different will never be disappointed. “We’re incredibly pleased to have partnered with our friends at Benju once again for a fantastic evening. Chivas Regal has an enviable reputation as a leading Scotch whisky brand and we are thrilled to work with a brand of its calibre,” said Lansmore Masa Square General Manager, Rupert…
The Governor of the Bank of Botswana, Linah Mohohlo, is the Central Bank Governor of the Year (2014). The Award was bestowed by the African Banker Awards Magazine on May 21, 2014 in Kigali, (Rwanda) at the time of the annual meetings of the African Development Bank. At the Awards ceremony held at the Kigali Serena Hotel, the African Banker Awards Committee representative said that:“In according you this accolade, the Committee has highlighted your extraordinary and continued leadership in successfully steering your economy throughout the international financial crisis, stabilising the economy and currency, as well as maintaining Botswana’s reputation for…
Standard Bank Group, Africa’s largest bank by assets and earnings, has been awarded a number of accolades in several regional categories at The Banker Magazine’s annual Deals of the Year Awards 2014. These awards recognise excellence for deals completed across Africa, taking into account the various categories for deal submissions. One of the notable transactions for which The Banker magazine recognised Standard Bank, was its role in arranging Aspen Pharmacare’s USD 2,6bn dollar funding package. This involved structuring a deal which required the bank to underwrite, arrange and syndicate debt for subsidiaries of the Aspen Pharmacare Group. …
Thursday 22 May 2014 saw First National Bank Botswana (FNBB) staff volunteers unveiling results of a project which they undertook to renovate the Letsholathebe Hospital paediatric ward. This project was another initiative by the Bank’s CSR vehicle, the FNBB Foundation towards building the community. Along with having revamped the children’s ward at the Letsholathebe Hospital, staff engaged with children, entertaining them with various activities throughout the day. FNBB Marketing and Communications Director, Ms. Bomolemo Selaledi said, “As FNBB, we extend our gratitude for the continued support we get from our valued clients. In the same breathe we realize the importance…