Business
Unaudited Interim Results & Management Update
Unaudited Interim Results & Management Update.
About this update from Beowulf Mining Plc
[{"type":"text","content":"\n \nRNS Number : 5453J Beowulf Mining PLC 20 August 2019 \n\n \n \nThe information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (\"MAR\") (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.\n20 August 2019\nBeowulf Mining plc\n(\"Beowulf\" or the \"Company\")\nUnaudited Interim Financial Results and Management Update for the Period Ended 30 June 2019\n \nBeowulf (AIM: BEM; Spotlight: BEO), the Nordic focused mineral exploration and development company, announces its unaudited financial results for the six months ended 30 June 2019 and provides a quarterly management update.\n \nOverview of Activities in the Quarter\n· On 1 April 2019, the Company announced a subscription for 13,636,364 new ordinary shares of £0.01 each to raise £750,000 before expenses. Principally, the funds have been used for a follow-on investment in Vardar Minerals Limited (\"Vardar\").\n· On 2 April 2019, Beowulf informed the market that the Company's Chairman, Mr. Göran Färm had written to Mr. Ibrahim Baylan, the Minister of Enterprise and Innovation for The Government of Sweden (the \"Government\"), regarding the Company's application for an Exploitation Concession (a \"Concession\") for the Kallak Iron Ore Project (\"Kallak\").\n· The Company provided, on 15 April 2019, a management update on its application for a Concession for Kallak and its investment in Vardar.\n· On 16 April 2019, the Company announced a subscription for 8,695,652 new ordinary shares of £0.01 each to raise £500,000 before expenses.\n· On 22 May 2019, the CEO attended a Quoted Companies Alliance (\"QCA\") Corporate Governance Workshop. The Company adopted the QCA Code (the \"Code\") for Corporate Governance in September 2018, and the Board is actively looking at the application of the Code's 10 principles, addressing areas of delivering growth, maintaining a dynamic management framework and b...