Argent Minerals (ASX:ARD) confirmed broad and shallow silver mineralization extending beyond the Lode 100 resource boundary at its Kempfield project in New South Wales, according to a Wednesday filing with the Australian bourse.
Results include 91 meters at nearly 40 grams per tonne (g/t) grade of silver from 8.3 meters, including 14 meters at 60 g/t grade of silver from about 35 meters, and 29 meters at 60.2 g/t grade of silver from 71 meters, the filing said.
Miyoshi's (SGX:M03) shares surged nearly 13% on Wednesday after the manufacturer of precision pressed parts signed a non-binding letter of intent with Core Power (Fujian) Technology to dispose of its 42.11% stake in Core Power (Fujian).Under the letter, the company will dispose of the shares for an indicative consideration of 6 million yuan, according to a Tuesday filing with the Singapore Exchange.The completion of the disposal is subject to the execution of a definitive term sheet and shareholders' approval.
MTT Group (HKG:2350) said it was seeking to raise HK$68.8 million via a rights offering, according to a Tuesday filing with the Hong Kong bourse.The information technology company's shares fell over 10% in late morning trade Wednesday.The firm plans to offer eligible investors 2 rights shares for every five stocks held in the company. The rights shares will be priced at HK$0.275 each and investors will be offered allotments from a total pool of 250 million shares.Unsold shares will be offered to new investors.The firm will use proceeds from the offering to expand its business.
Guangzhou Development (SHA:600098) issued super short-term commercial paper worth 1 billion yuan, according to a Shanghai bourse filing on Wednesday.The bonds have a coupon rate of 1.36% and a term of 270 days, maturing Jan. 31, 2027.The Chinese power company's shares rose 2% during the morning trade.