Proactiveinvestors recommends
Stocktube video
12/09/2011

GGG Resources CEO Jeff Malaihollo says the recent news is exciting for the new company

View full size
Additional Information
Market: AIM
Sector: General Mining - Gold
EPIC: BGL
Latest Price: 13.63p  (0,00%)
52-week High: 28.75p
52-week Low: 10.75p
Market Cap: 39.40M
1 year chart
digital-look imported chart image
1 day chart
digital-look imported chart image
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
Bullabulling Gold
www.bullabullinggold.com

 

Bullabulling Gold Limited is an Australian and UK publicly quoted mining exploration company headquartered in Perth, Western Australia. The Company is the successor entity of GGG Resources plc. 

 

Bullabulling Gold is the 50% owner of a large previously producing mine called Bullabulling.   We will acquire the remaining 50% interest in the project under an Australian court approved scheme in April 2012, subject to shareholder and final court approval.  

 

Located in the goldfields of Western Australia, Bullabulling is within easy commuting distance of the main gold mining centre of Kalgoorlie which is less than 80kms away on the main Perth Kalgoorlie highway. The project straddles the main highway with mains power and water running through it.

 

The company has presently 170 million shares in issue which will rise to circa 290 million shares once Bullabulling Gold Limited acquires the remaining 50% interest in the project.

 

Full Bullabulling Gold profile here
Is BGL a Buy, Sell or Hold?Get your FREE analysis of BGL
Pdf

GGG Resources directors exercise warrants ahead of Auzex merger

30th Nov 2011, 9:12 am by Jamie Ashcroft The Bullabulling gold joint venture project currently has a 2.60 million ounce gold resource, and the next resource update is expected in the coming months

GGG Resources (LON:GGG, ASX:GGB) today reported that a number of its directors have bought additional shares in the company via the exercise of warrants.

This issue of new shares comes ahead of the firm’s merger with joint venture partner Auzex Resources (ASX:AZX), which is expected to complete in the first quarter of next year.

In total GGG reported that 535,208 warrants have been exercised at a price of 12.6p each. The warrants were issued last summer as part of the group’s £1.25 million placing. 

It said 479,998 of the 534,208 warrants were exercised by GGG directors Michael Short, Paul McGroary, Nigel Clark, Ciceron Angeles and Jeff Malaihollo. 

There are still 4.4 million of the 12.6p warrants outstanding. These warrants are exercisable until January 19 2012.

Additionally GGG announced that it has exercised 666,667 options to buy Auzex shares at 20 cents each. GGG now owns 10.26 million Auzex shares representing approximately 7.9 per cent of its enlarged share capital.

Earlier this month GGG invested A$384,000 in Auzex through a rights issue.  It subscribed for its full entitlement in an underwritten 1:5 rights issue.

Last night in Australia Auzex confirmed that it had raised A$3.2 million ahead of the merger. 

Through the placing and the rights issue Auzex has raised A$8 million in new capital.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.