Business
Unaudited Interim Results and Management Update
Unaudited Interim Results and Management Update.
About this update from Beowulf Mining Plc
[{"type":"text","content":"\n \nRNS Number : 0903P Beowulf Mining PLC 29 August 2017 \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.\nFor the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of Kurt Budge, Chief Executive Officer.\n29 August 2017\nBeowulf Mining plc\n(\"Beowulf\" or the \"Company\")\nUnaudited Interim Financial Results and Management Update for the Period Ended 30 June 2017\n \nBeowulf (AIM: BEM; Aktietorget: BEO), the mineral exploration and development company, focused on the Kallak magnetite iron ore project and the Åtvidaberg polymetallic exploration licence in Sweden, and its graphite portfolio in Finland, announces its unaudited consolidated interim financial results for the six months ended 30 June 2017 and provides a management update.\n \nThe unaudited consolidated interim financial results for nine months ending 30 September 2017 and the next management update will be released on or before 30 November 2017.\n \nOverview of Activities in the Quarter \n· On 28 April 2017, the Company submitted a Heritage Impact Assessment (\"HIA\") for Kallak North to the Mining Inspectorate. The Company also presented an analysis of the indirect effects of a mining operation at Kallak on Laponia with respect to reindeer herding, and the effects of transport on Laponia.\n· The Company was notified, on 8 May 2017, that the Mining Inspectorate had written to the County Administrative Board for the County of Norrbotten (\"CAB\"), asking the CAB to give an opinion on the Company's Kallak North Application (\"Application\") by 1 June 2017. Subsequently, the CAB requested, and was granted, an extension to 16 June 2017.\n· The Company announced on 17 May 2017 a subscription for new ordinary shares to raise £1,500,000 before expenses, at a price of 6.5 pence per new ordinary share.\n· On 24 May 2017, the Company announced further results from its recently completed eight-hole diamond drill prog...