Further to Flinders' press releases dated March 26, 2012 and March 27, 2012, Mr. Martin McFarlane, President & CEO, is pleased to announce that Flinders has closed its private placement raising gross proceeds of $15,000,001. The net proceeds of the private placement will enable Flinders to substantially advance the Kringel graphite mine in Sweden toward production. The private placement was comprised of a brokered private [...]
Further to yesterday's press release, Mr. Martin McFarlane, President & CEO, is pleased to announce that Flinders has engaged a syndicate of agents led by Cormark Securities Inc. and including Euro Pacific Canada, Dundee Securities, Byron Capital Markets Ltd. and Octagon Capital Corporation in connection with its private placement of up to 8,823,530 units at a price of $1.70 per unit for gross proceeds of up to $15 [...]
Mr. Martin McFarlane, President & CEO, announces that Flinders is proposing to undertake a private placement of up to 8,823,530 million units at a price of $1.70 per unit for gross proceeds of up to $15 million. Each unit consists of one common share and one half common share purchase warrant. Each whole warrant will be exercisable at $2.20 per common share for a period of two years from the date of closing of the [...]
Mr. Martin McFarlane, President & CEO, announces that Flinders has commenced the Company's first diamond drill program at its 100% owned Kringel Graphite Project in central Sweden. The drill program aims to upgrade the historic graphite resources estimates to NI 43-101 report and resource standards, and test for extensions of the deposit below 50 metres and along strike.
Flinders Resources Limited, is pleased to announce that on February 22, 2012,the Company completed its qualifying transaction with Burke Resources, an arm's length party to the Company, as described in the Company's filing statement dated January 31. At the opening of the market on February 27, 2012, Flinders will graduate from being a capital pool company on the TSX Venture Exchange, and commence trading on the TSXV [...]
Tasex Capital Limited, a capital pool company, is pleased to announce that it has entered into a letter of agreement dated Sept 14, 2011, whereby, subject to regulatory approval, Tasex will combine its assets with Burke Resources. Burke, a privately owned company at arm's length to Tasex, is incorporated under the laws of British Columbia and is widely held by 63 shareholders.
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