Proactiveinvestors United Kingdom Laneway Resources Ltd https://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom Laneway Resources Ltd RSS feed en Wed, 24 Jul 2019 05:26:30 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Laneway Resources Ltd commences drilling in historic Hauraki goldfield ]]> https://www.proactiveinvestors.co.uk/companies/news/137985/laneway-resources-ltd-commences-drilling-in-historic-hauraki-goldfield-68357.html Laneway Resources Ltd (ASX:LNY) has started a 3,000 metres diamond drilling program at the company’s Southern Coromandel Gold Project in the Hauraki goldfield, on the North Island of New Zealand.

The Southern Coromandel Gold Project is a joint venture between Laneway and Newcrest Mining Ltd (ASX:NCM). Newcrest will fund the initial two stages of the program to earn 80% of the project.

The Hauraki goldfield is a historic mining region that has produced in excess of 45 million ounces of gold and silver from the Karangahake and Golden Cross gold-silver mines.

Laneway has recently completed the soil sampling, geochemical analysis and induced polarisation (IP) programs at the project.

The positive results from these programs have led to several anomalies being identified, some of which were followed up with a further IP program.

The IP program was completed during March 2016 and has confirmed the extension of the corridor of mineralisation from Golden Cross through to an area south of Karangahake.

Laneway has identified five priority drill targets from the soil geochemistry and IP data.

Historic mining occurred in the project area between 1860 and 1952, with workings reaching a depth of up to 140 metres below surface.

There is significant scope for down dip and strike extensions of this mineralization throughout a 7 kilometres long prospective corridor.

 

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Fri, 29 Apr 2016 14:30:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/137985/laneway-resources-ltd-commences-drilling-in-historic-hauraki-goldfield-68357.html
<![CDATA[News - Laneway Resources keeps eye on the gold prize in North Queensland ]]> https://www.proactiveinvestors.co.uk/companies/news/137984/laneway-resources-keeps-eye-on-the-gold-prize-in-north-queensland-67072.html Laneway Resources (ASX:LNY) is moving swiftly to take advantage of higher gold prices by bringing its small but high grade gold project at Agate Creek into production in North Queensland.

Sherwood is a part of the Agate Creek project and Laneway has been granted a prized granted mining lease for its 85,000 ounces deposit. Laneway has an agreement with Etheridge, the operator of the Georgetown processing plant, located 100 kilometres to the north to process higher grade ore from Sherwood.

Etheridge Operations acquired the Georgetown plan in 2014 and has funded drilling of the high grade deposit through a shares payment arrangement, showing their confidence in the ability to process the ore to catch higher gold prices.

A proportion of the Agate Creek gold is likely to be recoverable by gravity extraction so the project could become a low cost producer. There is exploration upside as well as a lower grade gold resource.

Which is handy as Etheridge has acquired a further 350,000 tonnes per annum milling capacity through its purchase of the Collingwood hard rock tin plant near Cooktown apart from the  200,000 tonnes per annum capacity, enabling the lower grade ore to be economically processed through the plant.

Now Agate Creek is located due west of the Kidston Gold Mine, which was for a time Australia’s largest single gold producer based on a 1.87g/t gold orebody, providing confidence in the plan at Agate Creek with high prevailing Australian dollar gold prices.

To top it off, Laneway has lined up its targets and locked in refining costs, signing a gold and silver refining and sales agreement to provide a solid basis for future gold-backed financing of organic production growth at Agate Creek.

 

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Wed, 17 Feb 2016 16:30:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/137984/laneway-resources-keeps-eye-on-the-gold-prize-in-north-queensland-67072.html
<![CDATA[News - Laneway Resources among ASX % Gainers intra-day ]]> https://www.proactiveinvestors.co.uk/companies/news/137983/laneway-resources-among-asx-gainers-intra-day-66997.html Friday's leading ASX % Gainers intra-day.

Company NameCodeLastChangeVolume Laneway Resources LNY $0.003 50% 1,333,333 Nucoal Resources NCR $0.003 50% 474,400 Tanga Resources TRL $0.099 47.76% 2,410,777 Metaliko Resources MKO $0.070 45.83% 541,487 Southern Cross Exploration SXX $0.004 33.33% 1,250,092 Kingsgate Consolidated KCN $0.400 25% 2,580,499 Mod Resources MOD $0.005 25% 300,000 Invion IVX $0.005 25% 4,208,643 Monax Mining MOX $0.010 25% 743,050 Kula Gold KGD $0.038 22.58% 10,733,167

 

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Fri, 12 Feb 2016 12:30:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/137983/laneway-resources-among-asx-gainers-intra-day-66997.html
<![CDATA[News - Laneway Resources among ASX % Gainers intra-day ]]> https://www.proactiveinvestors.co.uk/companies/news/137982/laneway-resources-among-asx-gainers-intra-day-65425.html Wednesday's leading ASX % Gainers intra-day.

Company NameCodeLastChangeVolume Laneway Resources LNY $0.004 100% 2,000,000 Sun Resources SUR $0.002 100% 250,000 Sovereign Gold SOC $0.003 50% 1,299,000 Hawkley Oil And Gas HOG $0.003 50% 279,683 Ptb Group PTB $0.490 27.27% 102,755 Bronson Group BGR $0.005 25% 200,000 Haranga Resources HAR $0.005 25% 60,000 Korab Resources KOR $0.048 20% 2,261,924 Strandline Resources STA $0.007 16.66% 4,373,997 Zambezi Resources ZRL $0.021 16.66% 430,000

 

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Wed, 04 Nov 2015 12:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/137982/laneway-resources-among-asx-gainers-intra-day-65425.html
<![CDATA[News - Laneway Resources is one of seven 50% gainers on ASX intra-day ]]> https://www.proactiveinvestors.co.uk/companies/news/137981/laneway-resources-is-one-of-seven-50-gainers-on-asx-intra-day-64966.html Wednesday's top ASX % Gainers at intra-day.

CompanyCodeLastChangeVolume Laneway Resources LNY $0.003 50% 168,000 Zamia Metals ZGM $0.003 50% 305,836 Plymouth Minerals PLH $0.060 50% 113,000 Caeneus Minerals CAD $0.003 50% 730,000 Silver Mines SVL $0.003 50% 3,550,000 Sovereign Gold SOC $0.003 50% 561,339 Water Resources Group WRG $0.003 50% 183,333 Aquarius Platinum AQP $0.235 42.42% 2,692,476 Talon Petroleum TPD $0.014 40% 80,000 Ambertech AMO $0.180 33.33% 74,317

 

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Wed, 07 Oct 2015 13:30:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/137981/laneway-resources-is-one-of-seven-50-gainers-on-asx-intra-day-64966.html
<![CDATA[News - Laneway Resources, xTV among Thursday’s most traded ]]> https://www.proactiveinvestors.co.uk/companies/news/137980/laneway-resources-xtv-among-thursdays-most-traded-64361.html Thursday’s leading volume stocks on the ASX.

NameCodeLastChangeVolume Dourado Resources ASX:DUO $0.017 0% 140,530,884 88 Energy ASX:88E $0.011 10% 51,782,614 Laneway Resources ASX:LNY $0.003 0% 36,204,321 Myer Holdings ASX:MYR $0.90 -25.6% 30,502,080 xTV Networks ASX:XTV $0.019 35.7% 26,654,210 Telstra Corporation ASX:TLS $5.56 -1.6% 24,359,418 Kunene Resources ASX:KNE $0.13 319.4% 23,018,149 VTX Holdings ASX:VTX $0.06 1.7% 20,469,605 AnaeCo Limited ASX:ANQ $0.003 50% 20,083,251 Scentre Group ASX:SCG $3.71 -1.3% 19,200,697

 

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Fri, 04 Sep 2015 08:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/137980/laneway-resources-xtv-among-thursdays-most-traded-64361.html
<![CDATA[News - Laneway Resources to accelerate gold exploration with Newcrest farm-in ]]> https://www.proactiveinvestors.co.uk/companies/news/137979/laneway-resources-to-accelerate-gold-exploration-with-newcrest-farm-in-63420.html Laneway Resources (ASX:LNY) can now fast track exploration at its Southern Coromandel Gold Project in New Zealand after Newcrest Mining (ASX:NCM) approved the farm-in agreement.

Southern Coromandel is located within the mineralised corridor that is host to the historic Karangahake and Golden Cross gold-silver mines, and in the same district as Newmont Mining’s (NYSE:NEM) operating Waihi Mine.

Newmont recently announced that it had reached a conditional agreement to divest Waihi to OceanaGold (TSX:OGC) for US$101million.

Newcrest will sole fund two stages of work programs associated with the permits to earn 80% of the project after confirming that all conditions precedent had been met or waived.

Following the farm-in period, the parties may enter into a Joint Venture to jointly fund the future development of the Project in accordance with their equity position.

If Laneway elects not to fund the ongoing development of the JV after the farm-in period, its interest will be diluted through a mutually agreed formula. Should its interest dilute below 10% then it will convert to a Net Smelter Royalty (NSR) of 2%.

Newcrest may elect to purchase the NSR for $500,000 for every 1%.

Exploration activities will commence with an extensive mapping and geochemical soil sampling program across the Southern Coromandel Gold Project area.

Whilst this program is underway approvals will be sought from landholders and other stakeholders to undertake a diamond drilling program that will target known mineralised structures.

The diamond drill program will commence as soon as the relevant approvals are received.



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Mon, 13 Jul 2015 15:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/137979/laneway-resources-to-accelerate-gold-exploration-with-newcrest-farm-in-63420.html
<![CDATA[News - Laneway Resources raising up to $1.05M for Queensland gold exploration ]]> https://www.proactiveinvestors.co.uk/companies/news/137978/laneway-resources-raising-up-to-105m-for-queensland-gold-exploration-60626.html Laneway Resources (ASX:LNY) is raising up to $1.05 million through a share placement and drilling funding agreement to fund exploration at its Agate Creek Gold Project in North Queensland.

The company is raising up to $750,000 through a placement of 250 million shares priced at $0.003 each along with 250 million free attaching options exercisable at $0.003 on or before 23rd June 2015.
 
It has also entered into a Drilling Funding Agreement for up to $300,000 worth of drilling and associated activities. This will be funded by the issue of up to 60 million shares priced at $0.005 each.

Recent drilling at the Sherwood Prospect has confirmed the company’s view that high grade near surface gold mineralisation extends materially beyond the boundaries of the metallurgical sample mined early last year which delivered 5,472 tonnes at 11.2 g/t gold.

This zone outcropped at surface within the previously extracted Metallurgical Sample that was taken at the beginning of 2014. It extends for over 200 metres down dip and 100 metres along strike and remains open in three directions.

Results received to date include:

- 6 metres at 24.3 grams per tonne gold from 6 metres;
- 3 metres at 7.7g/t gold from 6 metres as well as 3 metres at10.7g/t gold from 14 metres;
- 3 metres at 9.6g/t gold from 13 metres;
- 3 metres at 9.8g/t gold from 6 metres; and
- 1 metre at 12.8 g/t gold from 4 metres and 2 metres at 12.8g/t gold from 11 metres.

The company is also progressing all material necessary to lodge a Mining Lease Application (MLA) over the Sherwood and Sherwood West areas that will permit open cut mining operations on the delineated high grade areas.

Completion of the current and extended drill program, with reporting of assay results, is expected to occur over the coming months.

Once all assay results and other necessary data has been received Laneway will compile and announce an updated JORC Resource for the project.



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Wed, 11 Feb 2015 11:30:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/137978/laneway-resources-raising-up-to-105m-for-queensland-gold-exploration-60626.html
<![CDATA[News - Laneway Resources extends gold mineralisation at Queensland project ]]> https://www.proactiveinvestors.co.uk/companies/news/137977/laneway-resources-extends-gold-mineralisation-at-queensland-project-60256.html Laneway Resources (ASX:LNY) has received initial high grade gold assays from drilling at the Sherwood Prospect of its Agate Creek Gold Project in North Queensland.

The results confirmed its view that high grade near surface gold mineralisation extends materially beyond the boundaries of the metallurgical sample mined early last year which delivered 5,472 tonnes at 11.2 g/t Gold.

It expects to lodge its mining lease application shortly and will update JORC Resources within the next few months upon receipt of entire set of assays.

Results received to date include:

- 6 metres at 24.3 grams per tonne gold from 6 metres;
- 3 metres at 7.7g/t gold from 6 metres as well as 3 metres at10.7g/t gold from 14 metres;
- 3 metres at 9.6g/t gold from 13 metres;
- 3 metres at 9.8g/t gold from 6 metres; and
- 1 metre at 12.8 g/t gold from 4 metres and 2 metres at 12.8g/t gold from 11 metres.

Laneway has completed 4,257 metres of the planned 5,000 metre reverse circulation drill program designed to:

- Provide a more thorough definition of the near surface high grade gold zones at Sherwood with a view to establishing a resource of sufficient robust grade and size to sustain a near term high grade open cut mining operation;
- Deliver a material increase in the existing Resource Inventory at both Sherwood and Sherwood West through step out drilling and identified additional targets;
- Testing the southern extension of Sherwood West where the target mineralised zone remains open and has been continuously mapped some 700 metres to the south of current drilling; and
- Drilling of several highly prospective regional targets.

 

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Thu, 22 Jan 2015 15:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/137977/laneway-resources-extends-gold-mineralisation-at-queensland-project-60256.html
<![CDATA[News - Laneway Resources raises funds for gold drilling in Queensland ]]> https://www.proactiveinvestors.co.uk/companies/news/137976/laneway-resources-raises-funds-for-gold-drilling-in-queensland-58266.html Laneway Resources (ASX:LNY) has entered into commitments for a capital raising of up to $600,000 and a Drilling Funding Agreement for up to 350,000 million worth of drilling and associated activities.

The capital raising consists of the issue of up to 200 million ordinary shares with an issue price of $0.003 per share which represents a 20% premium to Laneway’s 10 day VWAP.

Drilling activities worth up to $350,000 to be funded by the issue of up to 100 million ordinary shares at an issue price of $0.0035.

Funds will be primarily directed towards a 5,000 metres drilling program at Agate Creek gold project in Queensland.

The company will also continue the work required to apply for a Mining Lease over part of the project, which will enable a metallurgical sample of up to 40,000 tonnes to investigate process route and gold recovery refinements.

This follows the 5,472 tonne metallurgical sample taken from the project earlier this year from which 1,725 ounces of gold were recovered.

The capital raising and drilling funding arrangements will enable Laneway to advance its Agate Creek gold, New Zealand gold and New South Wales coal projects.

 

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Fri, 17 Oct 2014 13:20:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/137976/laneway-resources-raises-funds-for-gold-drilling-in-queensland-58266.html
<![CDATA[News - Greenvale Mining, Laneway Resources, Bass Metals among ASX % Gainers intra-day ]]> https://www.proactiveinvestors.co.uk/companies/news/137975/greenvale-mining-laneway-resources-bass-metals-among-asx-gainers-intra-day-58197.html Wednesday’s leading ASX % Gainers intra-day.

NameCodeLastChangeVolume Soilsub Technologies ASX:SOI $0.002 100% 2,000,000 Greenvale Mining ASX:GRV $0.095 86.275% 90,000 Laneway Resources ASX:LNY $0.003 50% 5,300,000 Bass Metals ASX:BSM $0.003 50% 3,420,177 Monto Minerals ASX:MOO $0.004 33.333% 110,000 Aus Tin Mining ASX:ANW $0.004 33.333% 1,080,000 Orpheus Energy ASX:OEG $0.033 32% 15,185 King River Copper ASX:KRC $0.054 28.571% 575,000 Argentina Mining ASX:AVK $0.028 27.273% 298,857 Victory Mines ASX:VIC $0.005 25% 316,000

 

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Wed, 15 Oct 2014 14:20:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/137975/greenvale-mining-laneway-resources-bass-metals-among-asx-gainers-intra-day-58197.html
<![CDATA[News - Laneway Resources and Modun Resources among ASX % Gainers ]]> https://www.proactiveinvestors.co.uk/companies/news/137974/laneway-resources-and-modun-resources-among-asx-gainers-57019.html Tuesday’s leading afternoon ASX % Gainers.

NameCodeLastChangeVolume Laneway Resources ASX:LNY $0.002 100% 1,535,440 Modun Resources ASX:MOU $0.002 100% 5,696,039 Multi Channel Solutions ASX:MUT $0.004 100% 1,666,666 OGI Group ASX:OGI $0.006 100% 5,492,036 RMG Limited ASX:RMG $0.002 100% 74,459,300 Pharmanet Group ASX:PNO $0.002 100% 2,000,000 Shaw River Manganese ASX:SRR $0.019 72.727% 12,071,256 Gippsland Limited ASX:GIP $0.005 66.667% 1,667,434 Narhex Life Sciences ASX:NLS $0.007 40% 100,000 Wildhorse Energy ASX:WHE $0.007 40% 215,151

 

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Tue, 19 Aug 2014 15:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/137974/laneway-resources-and-modun-resources-among-asx-gainers-57019.html
<![CDATA[News - Laneway Resources pours gold from Agate Creek, Queensland ]]> https://www.proactiveinvestors.co.uk/companies/news/137973/laneway-resources-pours-gold-from-agate-creek-queensland-51857.html Laneway Resources (ASX:LNY) should trade higher after pouring gold following removal of a 5,400 tonne metallurgical sample from its Agate Creek project in Queensland, with final ore processed yesterday.

Final grades, recovery and costs will be calculated over the coming weeks as metallurgical assays and Dore out-turns are received.

Initial assays and gold production suggest approximately 8-9 grams per tonne feed grade is expected.

Three gold pours have been completed with an additional two pours to be completed over the next two weeks.

A full report will be published on metallurgical testing when all data has been received and correlated, which will give Laneway valuable data and costings for further feasibility studies.

 

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Tue, 14 Jan 2014 13:20:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/137973/laneway-resources-pours-gold-from-agate-creek-queensland-51857.html
<![CDATA[News - Laneway Resources to raise up to $5m for gold and coal projects ]]> https://www.proactiveinvestors.co.uk/companies/news/137972/laneway-resources-to-raise-up-to-5m-for-gold-and-coal-projects-45686.html Laneway Resources (ASX: LNY) has launched a revised capital raising program where the company is targeting $5 million in new funds, which will be in the form of a 4 for 1 renounceable entitlement offer at $0.015 per share.

The previous capital raising announced in June has been replaced by this revised entitlement offer and placement.

Laneway will use the funds to advance exploration at the Agate Creek project in north Queensland where the current drilling program intercepted 31 metres at 6g/t gold, with funds also to be used for the New Zealand gold and New South Wales coal projects.

The prospective New Zealand project has exploration permits over four granted areas totalling 574 square kilometres, and are located in the Hauraki Goldfields (produced over 45Mt of Au-Ag) within the mineralised corridor that is host to Martha Mine (Waihi) – Newmont, Golden Cross – Coeur d’Alene Mines Corporation and Talisman deposit – Heritage Gold.

The Martha Mine at Waihi is currently producing over 300,000oz Au equivalent per annum and has produced 7.6Moz Au & 53Moz Ag over it’s life


Issue price $0.015 per share represents:

- A 28.6% discount to the Laneway’s last closing price ($0.021 per share)
- A 27.2% discount to Laneway’s 5 day VWAP1 (~$0.021 per share)
- A 16.7% discount to the price at which the Bizzell Nominees Loan Facility is proposed to be converted ($0.018 per share)

Laneway will also seek shareholder approval to convert Bizzell Nominees Loan Facility into shares at $0.018 per share.

Bizzell Nominees Pty Ltd is an entity associated with the company’s Chairman, with Laneway almost entirely dependent on funds advanced to it by a loan facility since 2006.

 

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Thu, 18 Jul 2013 10:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/137972/laneway-resources-to-raise-up-to-5m-for-gold-and-coal-projects-45686.html
<![CDATA[News - Laneway Resources hits broad zones of high grade gold at Queensland project ]]> https://www.proactiveinvestors.co.uk/companies/news/137971/laneway-resources-hits-broad-zones-of-high-grade-gold-at-queensland-project-45669.html Laneway Resources’ (ASX: LNY) drilling at the Agate Creek gold project in Queensland has returned an initial assay from the first hole of 31 metres at 5.96 grams per tonne gold from 124 metres including 1 metre at 73g/t gold.

Agate Creek is located within the historic Etheridge Goldfield and is about 60 kilometres west of  the Kidston deposit that has produced over 3 million ounces of gold.

The gold intercept in the first hole is located within a zone of stock worked veining with the company adding that significant variation of grades due to intensity of veining can be seen throughout the zone.

Full results from the second completed hole, which targets deeper intersections of the interpreted Bonanza Zone are expected shortly.

The company noted that while the results from the first hole were high grade, they did not represent the targeted deeper Bonanza Zone but rather a separate boiling zone within the system.

It added that high grade veins are a common feature of low-sulphidation epithermal deposits worldwide.

Drilling at Agate Creek was carried out under the Collaborative Drilling Initiative under which 50% of the direct costs up to $145,500 was covered under a grant from the Queensland Government.

Laneway plans to undertake further follow up drilling of this high grade zone, which is located within the currently modelled open pit, and other targets at Agate Creek, subject to successful completion of a capital raising.

It also intends to carry out resource infill and strike and dip extensions drilling at the Sherwood deposit area with an aim to increasing the current combined Indicated and Inferred Resource of 9.5 million tonnes at 1.4 g/t gold and drill testing of several regional prospects that have been identified from previous soil geochemical, ground magnetic, geological mapping and rock chip analysis.

 

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Wed, 17 Jul 2013 16:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/137971/laneway-resources-hits-broad-zones-of-high-grade-gold-at-queensland-project-45669.html
<![CDATA[News - Laneway Resources to raise funds ]]> https://www.proactiveinvestors.co.uk/companies/news/137970/laneway-resources-to-raise-funds-44093.html Laneway Resources (ASX: LNY) has been granted a trading halt this morning by the ASX, with its shares placed in pre-open, pending a capital raising announcement.

Laneway is currently working through a restructure and recapitalisation which the company said in its March 2013 quarterly is well advancing. This includes a name change, share consolidation, cancelation of forfeited partly paids and implementation of cost reduction strategies.

The company is actively reviewing a number of new project opportunities.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Thursday 6th June 2013.

 

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Tue, 04 Jun 2013 11:10:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/137970/laneway-resources-to-raise-funds-44093.html