(Alliance News) - GCM Resources PLC on Friday said that Chair Christian Taylor-Wilkinson will resign from his role at the end of the month, after the company's largest shareholder proposed to remove him from the board of directors. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
GCM Resources PLC - London-based mining and energy company - Reports pretax loss in year to June 30, 2023 of GBP1.3 million, narrowed from GBP1.7 million the year prior. No revenue. Operating expenses fell to GBP728,000 from GBP750,000, pre-development expenditure tumbled to GBP180,000 from GBP414,000. Basic loss per share was 0.7 pence compared to 1.1p the year before. Shares will remain suspended until the settlement and completion of subscription to raise GBP500,000, previously announced on Friday last. Read More
GCM Resources PLC - London-based mining and energy company - Raises gross proceeds of GBP500,000 via a direct subscription for shares at 1.65 pence each. The subscription price represents a discount of 38% to the closing price of 2.65p on Thursday. The net proceeds of the fundraise will be used to provide GCM with a source of general working capital to progress its existing projects. Adds that it will need to carry out an additional fundraise before the end of May 2024 to fund its working capital for the next 12 months. Read More
GCM Resources PLC - Resource exploration and development company focused on the Phulbari coal and power project in north-west Bangladesh - Provides update regarding the publication of audited financial statements for the year ended June 30 2023, and the funding process. As of December 28, GCM was still awaiting receipt of GBP300,000 in drawdown funds of loan facility with Polo Resources Ltd. Reports progress on both financial statements and funding process, looks to resolve both issues before the end of January 2024. Will make a further announcement in due course. Read More
GCM Resources PLC - Resource exploration and development company focused on the Phulbari coal and power project in north-west Bangladesh - On Thursday said that its shares will be temporarily suspended from trading on the AIM market due to a delay in the completion of its financial 2023 audit. The suspension will begin on Tuesday next week. The company says it will be unable to publish the completed audit for the year ended June 30 by the end of December as planned, though it expects to be able to do so within the first three weeks of January once it has completed the necessary funding process. The company is still awaiting the receipt of funds from the drawdown of GBP300,000 of its loan facility with Polo Resources Ltd as announced in March 2021. As a result of this delay, GCM is considering alternative funding. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - GCM Resources PLC on Friday announced the resignation of Non-Executive Chair Mohd Najib Bin Abdul Aziz after four years in the role. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday. Read More
(Alliance News) - GCM Resources PLC on Wednesday said it has raised GBP500,000 through a placing, and will need to carry out an additional fundraise before the end of the year. Read More
(Alliance News) - GCM Resources PLC on Friday noted the recent share price increase in the past 3 days amid reports of coal supply shortages and "significant" power load shedding in Bangladesh. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
GCM Resources PLC - Phulbari coal and power project in north-west Bangladesh - Agrees on a further extension of two years to its consultancy agreement with Bangladeshi-controlled company DG Infratech Pte Ltd. Under the agreement, DG will provide the company with advisory, management, lobbying and consultancy services. Agrees to pay a monthly retainer of GBP15,000, quarterly in arrears with the issuance of 363,636 shares at 4.125 pence per share. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
GCM Resources PLC - Phulbari coal and power project in north-west Bangladesh - Extends joint venture agreements with Power Construction Corp of China for a further two years to March 15, 2024. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
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