Mkango Resources is pleased to announce that it has closed the second tranche of its non-brokered private placement of units announced on March 24, 2014. Under the Second Tranche, 6,445,250 Units of the Corporation were issued at a price of C$0.10 per Unit for gross cash proceeds of C$644,525. As previously announced, the first tranche of the private placement closed on March 24, 2014 pursuant to which 16,262,603 Units of [...]
Mkango Resources is pleased to announce that it has closed the oversubscribed non-brokered private placement of units previously announced and that it intends to carry out a second tranche under the non-brokered private placement of approximately 5,000,000 Units, for contemplated aggregate proceeds of approximately C$500,000, on the same terms as the Private Placement.
Mkango Resources Ltd. is pleased to announce that it has entered into a non-binding term sheet with certain affiliates of Sprott Inc. to act as finders for the Corporation under its previously announced proposed non-brokered private placement.
Mkango is pleased to appoint Mr. Derek Linfield as a director of the Corporation, effective as of today, and to announce a proposed non-brokered private placement to raise gross proceeds of up to C$1 million. Appointment of Derek Linfield as Non-Executive Director Mr. Linfield is the managing partner of the law firm Stikeman Elliott LLP, the UK office of Canadian law firm Stikeman Elliott LLP. Mr Linfield has practiced as [...]
CALGARY, ALBERTA--(Marketwired - Oct 28, 2013) - Mkango Resources Ltd. (TSX VENTURE:MKA) (the "Corporation" or "Mkango") is pleased to announce the completion of leach optimization test work on a rare earth mineral concentrate derived from flotation of a representative composite sample of drill core from the Songwe Hill rare earth project in Malawi. The results will be incorporated into the ongoing pre-feasibility study [...]
CALGARY, ALBERTA--(Marketwired - Sep 25, 2013) - Mkango Resources Ltd. (TSX VENTURE:MKA) (the "Company" or "Mkango"), is pleased to announce that, subject to regulatory approval, Mkango has granted 1,980,000 stock options ("options") to directors, officers, employees and consultants of the Company. The options have an exercise price of $0.20 per common share, will vest over the next two years and are valid for a period of [...]
CALGARY, ALBERTA--(Marketwired - Sep 24, 2013) - Mkango Resources Ltd. (TSX VENTURE:MKA) (the "Corporation" or "Mkango"), is pleased to announce that the Government of Malawi has granted a further two year renewal for Exclusive Prospecting License ("EPL") 0303/10R ("the Thambani License"), in southeast Malawi. Mkango has undertaken an extensive regional work program within the 486 square kilometre ("km2") Thambani [...]
CALGARY, ALBERTA--(Marketwired - Sep 16, 2013) - Mkango Resources Ltd. (TSX VENTURE:MKA) (the "Company" or "Mkango") has been notified by its principal shareholder, Leo Mining and Exploration Limited ("Leominex"), that the potential acquisition of Leominex by Forte Energy NL will not proceed. Mkango continues to work towards completion of its pre-feasibility study ("PFS") for the Songwe Hill rare earth project. The [...]
Mkango has been advised today that its principal shareholder, Leo Mining and Exploration, which owns approximately 48% of Mkango's issued and outstanding shares, had entered into a non-binding term sheet in respect of its acquisition by Forte Energy, an Australian company listed on the AIM Market of the London Stock Exchange and on the Australian Stock Exchange. The acquisition of Leominex, if completed, will result in a [...]
CALGARY, ALBERTA--(Marketwired - Jul 10, 2013) - Mkango Resources Ltd. (TSX VENTURE:MKA) (the "Corporation" or "Mkango") is pleased to announce a base case metallurgical flow sheet for the Songwe Hill rare earth project. Proof of concept test work on a bench scale has demonstrated that the flow sheet has potential to produce a high grade mixed rare earth carbonate or hydroxide product. Highlights Proof of concept test [...]
Mkango Resources is pleased to announce that it has closed the remainder of its non-brokered private placement of units (the "Units") announced in its press release of February 25. 8,836,033 Units of the Corporation were issued at a price of C$0.175 per Unit for gross cash proceeds of C$1,546,306. As previously announced, the first tranche of the private placement closed on March 1, 2012 pursuant to which 4,285,715 Units [...]
Mkango Resources is pleased to announce that it has closed the first tranche of its non-brokered private placement of units announced in its press release of February 25. 4,285,715 Units were issued to Leo Mining and Exploration at a price of C$0.175 per Unit for gross cash proceeds of C$750,000. Each Unit consists of one common share and one-half of a Common Share purchase warrant ("Warrant") of Mkango. Each whole [...]
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