China Natural Resources Inc. today announced that it closed the registered direct offering of approximately $7.3 million of common shares at a price of $1.85 per share on January 22, 2021, as previously announced on January 20, 2021. The Company issued a total of 3,960,000 common shares to the institutional investors participating in the offering. In a concurrent private placement, the Company also issued warrants to the [...]
China Natural Resources Inc. announced today that Zou Yu has been appointed as a Vice President of the Company, such appointment effective as of October 22, 2020. From March 2015 to September 2020, Mr. Zou served as the general manager of the investment management center of Feishang Enterprise Group Company Limited, where he was responsible for mergers and acquisitions in the healthcare sector involving projects [...]
China Natural Resources Inc. , a company based in the People's Republic of China , announced today that it has determined that in addition to its current mining segment, the Company will explore potential investments, among others, in the healthcare sector in the PRC. "We are excited to explore the opportunities presented by the healthcare sector in the PRC, and to diversify our operations as we move into our next phase [...]
China Natural Resources Inc. today released unaudited interim financial information for the six months ended June 30, 2020 as follows. China Natural Resources Inc. 30, 2020 AND 2019 Six Months Ended June 30, 2019 2020 2020 CNY CNY US$ Revenue 1,403 6,867 972 Cost of sales GROSS PROFIT 26 23 3 Administrative expenses OPERATING LOSS Finance costs Interest income 4 9 1 LOSS BEFORE INCOME TAX Income tax benefit — 6,586 932 [...]
China Natural Resources Inc. today announced that on September 2, 2020, it received written notice from the Listing Qualifications department of Nasdaq Regulation that the Company regained compliance with the minimum market value of listed securities requirement set forth in Nasdaq Listing Rule 5550. The Company had previously received a letter from Nasdaq on March 24, 2020 notifying the Company that it was not in [...]
China Natural Resources Inc. today announced that it had entered into a Sale and Purchase Agreement with Feishang Group Limited, pursuant to which the Company issued 9,077,166 shares of the Company's common stock, no par value, to Feishang Group, in exchange for 120,000,000 shares of Feishang Anthracite Resources Limited, a company that is traded on the main board of the Hong Kong Stock Exchange under ticker 1738 , with [...]
China Natural Resources today announced its results of operations for the year ended December 31, 2019 as follows. The consolidated statements of profits or loss of the Company for the years ended December 31, 2017, 2018 and 2019 have been prepared in accordance with IFRS as issued by the IASB. The consolidated statements of profits or loss have been derived from and should be read in conjunction with the Company's [...]
China Natural Resources today announced that, on April 29, 2020, it filed a Current Report on Form 6-K with the SEC as a condition to seeking relief provided by the SEC Order under Section 36 of the Securities and Exchange Act of 1934, as amended, granting exemptions from specified provisions of the Exchange Act, as set forth in SEC Release No. 34-88318. By filing this Current Report on Form 6-K, the Company is relying on [...]
China Natural Resources today announced that, on March 24, 2020, it received written notice from the Listing Qualifications department of Nasdaq Regulation that the Company is not in compliance with the minimum market value of listed securities requirement set forth in Nasdaq Rule 5550(b)(2). The Nasdaq Rule requires listed securities to maintain a minimum MVLS of $35 million and, based upon the closing bid price of the [...]
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