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MOUNT RIDLEY MINES LIMITED (MRD)

Listed on ASX

SHARE PRICES

(updated at weekends)

Former (or subsequent) names

Shareholder links

Our website ranking of MRD: rating 2
(2 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Advanced Share Registry Services, 110 Stirling Hwy, Nedlands WA 6009

Tel : +61 8 9389 8033
Fax : +61 8 9262 3723
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000MRD6
Address: Ground Floor 168 Stirling Hwy Nedlands, WA, 6014
Tel:  +61 8 6165 8858 Fax: +61 8 9481 0655

Date first listed: 15/09/2004
Company Secretary: Johnathon Busing
Sector: Materials Industry Group: XMJ
Activities: mining exploration

The suspension of trading in the securities of Mount Ridley Mines Limited will be lifted immediately, following the release by the Company of an announcement regarding the acquisition of Prometheus Developments Pte Ltd.

07/05/2018

The heads of agreement with Prometheus Developments has been terminated by mutual consent with the parties agreeing that an IPO, based on the level of expenditure required, is the preferred transaction pathway.The Facility Agreement with Prometheus is independent to the Heads of Agreement, accordingly it is not effected by the mutual termination of the Heads of Agreement. The Company will continue to focus on its core asset the Mt Ridley Project in the Albany Fraser Range Province. Lastly, The underwriting with CPS Capital Group as announced on 26 April 2018 has also been terminated by mutual agreement.

07/05/2018

The Company expects the voluntary suspension to end no later than the commencement of trading on Tuesday, 8 May 2018 when it anticipates to make the announcement to the acquisition of Prometheus Developments Pte Ltd.

07/05/2018

The securities of Mount Ridley Mines Limited will be suspended from quotation immediately under listing rule 17.2, at the request of the Company, pending the release of an announcement regarding the Prometheus Acquisition.

07/05/2018

The suspension of trading in the securities of Mount Ridley Mines Limited will be lifted immediately, following the release by the Company of an announcement regarding an underwriting agreement and proposed capital raising.

20/04/2018

The company has executed an underwriting agreement for $3.6 million with CPS Capital Group subject to certain conditions including shareholder approval. Also, the termination date within the Heads of Agreement to acquire 100% of the issued capital of Prometheus Developments has been extended from 31 March 2018 to 30 June 2018. Due Diligence on the proposed acquisition of Prometheus is progressing well, with no major issues identified to date. Prometheus is continuing to build strong local relationships at Diwalwal. Re-logging of core from previous drilling by Philippine Mining and Development Corporation in 2006 is scheduled to commence in the coming weeks. The underground development work is anticipated to commence in the coming months in preparation for the commencement of underground diamond drilling.

20/04/2018

The securities of Mount Ridley Mines Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of the Company, pending the release of an announcement regarding a capital raising.

17/04/2018

The suspension of trading in the securities of Mount Ridley Mines Limited will be lifted immediately, following the release of an announcement in relation to an acquisition.

13/02/2018

Mt Ridley Mines Limited will acquire 100% of the issued capital of Prometheus Developments Pte Ltd which holds rights to the Diwalwal Mineral Field, Compostella Valley, Mindanao, Philippines.

13/02/2018

The company provides an exploration update at its 100% owned Mt Ridley Project in the Albany Fraser Range Province: new HP FLTEM geophysics to commence at Keith's and Winston's; Broken Hill style gold target geochemistry infill; and deeper drilling on new defined anomalies.

07/02/2018

The company lodges its Quarterly Activities Report and Appendix 5B.

31/01/2018

MRD requests an extension of the voluntary suspension pending an announcement regarding an acquisition. The Company expects the voluntary suspension to end no later than the commencement of trading on Wednesday, 31 January 2018 when it anticipates making the announcement to the market in respect to the acquisition.

12/01/2018

The securities of Mount Ridley Mines Limited will be suspended from official quotation immediately, at the request of the Company pursuant to listing rule 17.2, pending the release of an announcement regarding an acquisition and a response to an ASX query letter.

13/12/2017

The suspension of trading in the securities of Mount Ridley Mines Limited will be lifted immediately, following receipt of an announcement.

12/10/2016

Mount Ridley Mines Ltd is pleased to announce the progress to date in relation to down hole electro-magnetic surveying (DHTEM) on the recently completed diamond drill hole MRDD016. MRDD016 was completed at 801 metres downhole depth. A DHTEM survey has now been completed and the Company is pleased to announce that a localised off hole conductor has been detected. Modelling has defined a strong (>10,000 Siemens) local conductor centred at approximately 650 metres downhole, immediately off-hole below and to the east of MRDD016.

12/10/2016

The securities of Mount Ridley Mines Limited will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement.

12/10/2016

The suspension of trading in the securities of Mount Ridley Mines Limited will be lifted from the commencement of trading on Tuesday 6 September 2016, following receipt of a response to a price query.

05/09/2016

The securities of Mount Ridley Mines Limited will be suspended from official quotation immediately at the request of the Company, pending the release of a response to a price query,

02/09/2016

The suspension of trading in the securities of Mount Ridley Mines Limited will be lifted immediately following the release of an announcement regarding a drilling program at its Mt Ridley Project. ASX Code: MRD

17/02/2015

The securities of Mount Ridley Mines Limited (the "Company") will be suspended from official quotation immediately, pending the release of an announcement and a response to a price query. Security Code: MRD

11/02/2015

name changed from AXG MINING LIMITED

05/12/2014

ASX Announcements (courtesy of ASX)

 

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    Directors' on-market share transactions (last 5)

    rss feeds

    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    31/05/2017Keith Bowker-1,000,000$0.009$9,000
    12/02/2016Michael Pedley1,100,000$0.007$7,760
    21/09/2012Alex Bajada1,780,035$0.004$7,258
    26/06/2012Alex Bajada400,000$0.004$1,600
    15/06/2012Alex Bajada1,569,965$0.004$6,417

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Peter ChristieNon Exec Chairman08/10/2018
    Simon MitchellNon Exec Director14/10/2019
    Guy Le PageNon Exec Director19/12/2012

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Ashley HoodManaging Director01/09/201614/10/2019
    Michael PedleyNon Exec Chairman05/11/201508/10/2018
    Keith BowkerNon Exec Director05/11/201514/06/2017
    Robert DowneyNon Exec Chairman08/09/201431/08/2016
    Dean GoodwinManaging Director08/09/201431/08/2016
    Paul FromsonIndependent Director10/02/201505/11/2015
    Gordon SklenkaDirector16/02/200508/09/2014
    Roland BerzinsDirector15/12/200508/09/2014
    Alex BajadaNon Exec Chairman13/02/200719/12/2012

    Date of first appointment, title may have changed.