Essential assets for May 18

May 18, 2015 03:17 PM

Plotagon is pleased to announce the completion of a fully- subscribed private placement offering during March and April 2015, for a total of approx. USD 3 million. The offering attracted interest from both Swedish and international investors. Proceeds will be used for the development and promotion of the Plotagon app. The company will focus on establishing the product in major markets and creating awareness via marketing activities and strategic partnerships. Plotagon has developed a new type of app, allowing anyone to tell and share stories as 3D animated videos. Users are able to create characters and instantly add them into their videos. The app has over 500,000 videos viewed to date.

Ausdrill subsidiary BTP Equipment Pty Ltd (BTPE) is pleased to announce that it has received a Letter of Intent from Peabody Energy Australia Pty Ltd (Peabody) for the award of a preferred equipment supply contract to Peabody Australia mine sites. BTPE will supply 68 pieces of mining equipment to Peabody mine sites in key Australian coal precincts in the Hunter Valley and the Bowen Basin. The supply will be based on a combination of dry hire and fully maintained dry hire.

South Boulder Mines is pleased to advise that following successful processing of raw material from the Colluli resource through a pilot test facility at the Saskatchewan Research Council, approximately 20kg of high purity potassium sulphate (SOP) samples have been delivered to STB’s Perth office for marketing purposes.

Bauxite Resources Limited continues to focus on the evaluation of development options for the Company's 100% owned Fortuna project in Western Australia's Darling Range, in conjunction with the identification and study of quality bauxite projects within our joint ventures ensuring a pipeline of projects to provide longevity to future operations.

Gulf South increased their commitment of drilling funds from US$50 million to US$75 million over the next three years as part of the Joint Development Agreement. A second development plan (DP2), slated for funding by mid-2015, is already being prepared for participation by Gulf South, It is anticipated the joint development funds from this program will be available to Titan early in the second half of 2015.

International Goldfields Ltd is extremely pleased to announce that it has entered into a binding HoA to acquire an 85% interest in Winter Garden Biosciences, a leading biosciences and pharmaceutical company based in Uruguay. The HoA is subject to shareholder approval and the satisfaction or waiver of a number of conditions precedent. The conditions precedent are outlined in the Transaction Summary attached to this announcement.

Centrex Metals Limited advises that it has secured a new Mineral Claim (MC4378) over its Kimba Gap Magnetite Project through its wholly owned subsidiary Kimba Gap Iron Project Pty Ltd. The Mineral Claim includes the most eastern section of the project previously held on Arrium Mining’s exploration license EL4732. Centrex signed a dual tenancy agreement over the portion of Arrium’s license that covers the project for the right to conduct an exploration program and lodge a Mineral Claim in its own name.

Western Australia’s leading apartment developer Finbar Group Limited is pleased to announce that it has concluded negotiations for its development partners to acquire a property located at 103 Mill Point Road in South Perth for inclusion in the Civic Triangle site redevelopment. The property contains the heritage listed Australia Post building, located on the corner of Mill Point Road and Mends Street, and comprises 1,019 square metres of land which immediately adjoins the 7,206 square metre Civic Triangle site.

Australian oil and gas company Titan Energy Ltd is pleased to announce it has successfully negotiated a discounted, long-term daily drilling rate with Encore Drilling LLC as part of the Company’s aggressive ongoing drilling program.

Western Australia’s leading apartment developer Finbar Group Limited is pleased to announce that it has received approval from the Metro Central Joint Development Assessment Panel for the development of a 38 storey mixed-use joint venture development to be constructed on the Civic Triangle site bordered by Mends Street, Labouchere Road, and Mill Point Road in South Perth.

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About the Author

Lauren is the editorial assistant for Futures Magazine. She graduated from DePaul University in 2013 with a degree in English.