Last €0.04 EUR
Change Today +0.005 / 16.67%
Volume 105.0K
OLM On Other Exchanges
Symbol
Exchange
Venture
OTC US
Frankfurt
As of 10:29 AM 07/28/14 All times are local (Market data is delayed by at least 15 minutes).

mindoro resources ltd (OLM) Snapshot

Open
€0.03
Previous Close
€0.03
Day High
€0.04
Day Low
€0.02
52 Week High
07/25/14 - €0.04
52 Week Low
01/2/14 - €0.0040
Market Cap
10.4M
Average Volume 10 Days
20.9K
EPS TTM
--
Shares Outstanding
297.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MINDORO RESOURCES LTD (OLM)

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mindoro resources ltd (OLM) Details

Mindoro Resource Ltd. is engaged in the acquisition, exploration, and development of mineral properties in the Philippines. The company primarily explores for nickel, copper, and gold. It holds interests in the Agata nickel project located in the Surigao del Norte province of Northern Mindanao; and the Pan de Azucar sulphur-copper-gold project located near Panay Island. Mindoro Resource Ltd. is headquartered in Edmonton, Canada.

18 Employees
Last Reported Date: 03/31/14

mindoro resources ltd (OLM) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: C$215.0K
Chief Financial Officer
Total Annual Compensation: C$82.7K
Compensation as of Fiscal Year 2012.

mindoro resources ltd (OLM) Key Developments

Mindoro Resources Delisted From ASX

Mindoro Resources Limited delisted from Australian Stock Exchange (ASX) effective June 30, 2014 at the request of the Company, in accordance with listing rule 17.11.

Mindoro Resources Ltd. and TVI Resource Development (Phils.), Inc. Sign Four Joint Venture Agreements Relating to the Agata and Pan de Azucar Exploration and Mining Projects in the Philippines

Mindoro Resources Ltd. and TVI Resource Development (Phils.) Inc. (TVIRD) have signed four joint venture agreements relating to the Agata and Pan de Azucar exploration and mining projects located in the Philippines. The joint ventures present Mindoro and TVIRD with multiple growth opportunities for near and medium-term cash flow, including: near-term high-iron laterite direct shipping ore (DSO); near-term limestone DSO; medium-term lime production facility; medium-term nickel-processing plant. TVIRD may earn up to a 60% interest in each of the joint ventures and is operator of the projects. As at March 31, 2014, TVIRD had earned a 59% interest in the Agata Mining Joint Venture and a 45% interest the Agata Processing Joint Venture. To complete earning its interest, TVIRD must, in the case of the Agata Mining Joint Venture, achieve DSO operation within three years of entering into the joint venture agreement, and, in the case of the Agata Processing Joint Venture, complete the bankable feasibility study for a Nickel Processing Facility within four years of entering into the joint venture agreement.

Mindoro Resources Ltd. Applies To Delist From ASX

Mindoro Resources Ltd. advised that it has formally applied to be removed from the official list of the Australian Securities Exchange (ASX) under listing rule 17.11. The ASX had previously provided in principle advice that removal would be granted subject to compliance with certain conditions. The ASX conditions include the requirement to communicate to all holders of CHESS Depositary Interests (CDIs) advising of the date of intended delisting and the method by which they may sell their securities on the TSX Venture Exchange (TSXV), including the steps that must be undertaken to convert their CDIs to the underlying Mindoro shares, and steps that will be taken if they do not convert their CDIs by a nominated date. A letter setting out details of this information will be sent to CDI holders immediately upon receiving formal delisting approval from the ASX. Following delisting from the ASX, which is expected to occur on June 30, 2014, Mindoro's shares will continue to be listed on the TSXV, where they will continue to trade during and after the delisting process. The company's decision to delist is based on the low volume of trading of its CDIs on the ASX compared to common shares on the TSXV. During 2013, trading on the ASX represented just 6% of Mindoro's total annual trading activity. As a result, Mindoro has determined that sustaining the administrative and compliance costs of the ASX listing, plus the higher level of regulatory compliance costs associated with two listings, are no longer justifiable and, accordingly, has sought ASX approval to delist. Following confirmation of ASX approval to delist, Mindoro will send each CDI holder a letter which will provide an overview of the delisting process as well as details of the following options which will be available to CDI holders: sell their CDIs on the ASX prior to close of trading on the suspension date (June 23, 2014); convert their CDIs before the suspension date into underlying Mindoro shares which may be traded on the TSXV; or do nothing and have their CDIs automatically converted into underlying Mindoro shares which may be traded on the TSXV. The conversion will occur in a single batch on June 30, 2014.

 

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