Xtract Resources rejigs terms of SEDA loan
Xtract has modified the terms of a loan with YA Global Masetr from 2013
Company
LON:XTR
Xtract Resources (AIM: XTR) is a resource, development and mining company whose focus is and will be to acquire brown field resource projects with a view to release value for its shareholders. The projects targeted will be in regions where mining and infrastructure is prevalent and the mining regulations transparent.
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Xtract has modified the terms of a loan with YA Global Masetr from 2013
Some the largest rises and fall at 3pm: ValiRx, Faron, Jersey Oil
“We are already working on reducing capital numbers and introducing practical engineering to further reduce risk and enhance project financial parameters."
Archive
A recap of the week just gone in the mining sector
Xtract has signed a deal to reactivate alluvial mining at the Manica gold deposit, and secure much needed cash flow in the process
Biggest share price risers and fallers at 10.am: Anglo African, EG Solutions, Tanfield Group
Some of the biggest risers and fallers in London at 3.15pm: Xtract Resources, CyanConnode, Wishbone Gold, Victoria Oil & Gas, Thomas Cook, Baron Oil
MySQUAR has launched a new game as well as an internet-based telephone app today
Archive
A glance at some of the stories on the Proactive newswire today
Xtract is focused on its Manica development in Mozambique
A look st some of Proactive's featured news stories on the day
Consultant Minxcon was appointed to complete optimisation modelling
A look at some of the significant movers in early deals
Investments and investor services
FTSE 100 stocks ended higher on Thursday thanks to miners and the construction sector, while the laggards included venerable British names Royal Mail and Rolls Royce
Also covered: Blur, Eckoh, Eurasia, FairFX, H&T, Rosslyn, KrisEnergy, Sierra Rutile, Tern, ValiRx, Xtract Resources
Inmarsat heads higher as third quarter revenues pick up
It has struck a subscription deal and equity swap agreement with investor YA II EQ, Ltd
Despite helpful foreign exchange rate movements, the defence firm Cobham said full-year performance would be lower than management had been expecting