Media Room

Impact raises A$4m for exploration

Explorer Impact Minerals will raise up to A$4-million through a share purchase plan (SPP) to fund drilling at its Commonwealth gold/silver/base metals project, in New South Wales.

The company will offer some 222.3-million new shares under the SPP, with shareholders able to subscribe for up to A$15 000 in new shares, at a price of 1.8c a share.

Miner's strife over SFO 'dawn raids' laid bare by London judge

Anxiety was on the rise at Eurasian Natural Resources Corp (ENRC) in early 2011 after media allegations of corruption and a whistle-blower complaint prompted fears of an imminent visit by the UK’s Serious Fraud Office. “I predict a sh!tstorm and a SFO dawn raid in London before summer’s over,” the head of compliance wrote in an internal email in April of that year.