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Property NewsSeptember 15, 2011 ENK PLC announced that its subsidiaries signed binding Heads of Terms with a private Turkish company for the sale of the entire issued share capital of Sardes Nikel Madencilik A.S. and Turmad Madencilik Ve Ticaret A.S., which includes its 100%-owned Caldag nickel project in Turkey for US$40 million in cash. July 12, 2010 European Nickel PLC announced that it has entered into a binding letter agreement for a strategic partnership with the Hunter Dickinson group through a two tranche, non-brokered private placement with its affiliate Constantia Resources Ltd. The first tranche is for an immediate placement of 10,500,000 ordinary shares in the capital of the company at a price of 32p per share, raising US$5 million. The second tranche of 83,333,333 ordinary shares will raise US$55 million at a price of 44p.
March 31, 2008 Reported that progress continues to be made formalising a detailed mine closure and rehabilitation plan resulting in a revised application for a Forestry Permit. |
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