3 stories mentioning ASX:TAMUpdated 39d ago
Every FINWIRES story that references ASX:TAM, newest first.
APAC Resources (HKG:1104) said it will invest AU$32.6 million in Tanami Gold (ASX:TAM) after agreeing to participate in the miner's rights issue, according to a Friday disclosure with the Hong Kong bourse.The firm will purchase 544 million shares, representing 46.30% of Tanami's enlarged share capital, under the rights offering priced at AU$0.06 per share.The shares will be allotted to the company on June 3.
Metals X (ASX:MLX) will subscribe for 34.4 million shares for a consideration of AU$2.1 million in the AU$70.5 million capital raising by Tanami Gold (ASX:TAM) through a fully underwritten one-for-one renounceable entitlement offer of new shares at AU$0.06 apiece, according to a Friday filing with the Australian bourse.The subscription will maintain the company's interest in Tanami Gold at 2.93% of the expanded issued capital, the filing said.Metals X shares rose nearly 2% in morning trade Friday and earlier reached an all-time high. Meanwhile, Tanami Gold shares fell 15%.
The Central Tanami Project Joint Venture, in which both MGX Resources (ASX:MGX) and Tanami Gold (ASX:TAM) hold a 50% interest, selected a unit of Macmahon Holdings (ASX:MAH) as the preferred mining contractor for the construction of the exploration decline at the Groundrush gold deposit in the Northern Territory, according to separate filings with the Australian bourse on Tuesday.Macmahon Underground will conduct around 3,500 meters of exploration decline development and portal and vent establishment, with the work valued at around AU$38 million. The work is expected to start in the September quarter and extend for a 14-month period.The appointment of Macmahon remains subject to finalization and execution of a binding agreement.
