Justin Turner homered and drove in two runs, and rookie Zach McKinstry added a late homer in the Los Angeles Dodgers' fifth consecutive victory, 4-2 over the slumping Colorado Rockies on Wednesday night. Luke Raley got his first career hit in the eighth inning for the major league-leading Dodgers, who have won 10 of 11 while remaining unbeaten in their past 11 games at Dodger Stadium since last Sept. 23. C.J. Cron slowed his slump with two hits for the Rockies, who lost their fifth straight despite snapping their 26-inning scoreless streak since last Saturday with Trevor Story’s RBI single in the fifth.
(Bloomberg) -- The Biden administration is poised to take action against Russian individuals and entities in retaliation for alleged misconduct including the SolarWinds hack and efforts to disrupt the U.S. election, according to people familiar with the matter.As part of the moves, which could be announced as soon as Thursday, the U.S. plans to sanction about a dozen individuals, including government and intelligence officials, and roughly 20 entities, according to one of the people, who asked not to be identified because the matter was sensitive.Other measures planned by the Biden administration would seek to bar U.S. financial institutions from trading new debt issued by the Russian central bank, Finance Ministry and sovereign wealth fund, according to one of the people. The precise timing of the debt measure isn’t clear, the person said.The U.S. is also expected to expel as many as 10 Russian officials and diplomats from the country, two of the people said.The sanctions would come days after President Joe Biden warned Russian President Vladimir Putin that the U.S. would defend its interests. Tensions are also running high over Russia’s buildup of forces near Ukraine’s borders, prompting NATO on Tuesday to join the U.S. and the European Union in calling for Putin to de-escalate.At the same time, Biden floated in his call with Putin on Tuesday the idea of a summit between the two leaders to discuss issues confronting Moscow and Washington. The prospect of a meeting spurred the ruble to rally the most in three months against the dollar as investors bet that a summit could de-escalate tensions and mitigate the risk of new sanctions. Those gains were erased Thursday, as the Russian currency slumped as much as 2.1%.QuickTake: All About the U.S. Sanctions Aimed at Putin’s RussiaSpokespeople for the White House, the National Security Council and Treasury Department had no immediate comment. The State Department didn’t respond to a request for comment.A U.S. intelligence community assessment has concluded with a high degree of confidence that Putin and the Russian government authorized and directed an effort to influence the 2020 election. Some of the planned measures are aimed at outlets controlled by Russian intelligence services and blamed for sowing disinformation during the 2020 campaign, according to one of the people. Others to be targeted include individuals and entities that operate outside Russia at the behest of Moscow.The sanctions would follow a review ordered by Biden on his first full day in office into four key areas concerning Russia: interference in the 2020 election, reports of Russian bounties on U.S. soldiers in Afghanistan, the SolarWinds attack and the poisoning of Russian opposition leader Alexey Navalny.The administration announced sanctions against Russian officials over Navalny last month but has so far held off on action in the other three areas.Russia has repeatedly rejected accusations that it meddles in elections, poisons its critics or offered to pay bounties for the killing of American troops. Foreign Minister Sergei Lavrov said last week that Russia would retaliate for any new sanctions, which he dismissed as a “dumb” instrument.Those facing the next round of sanctions include individuals and entities blamed by the U.S. for enabling the Internet Research Agency, a Kremlin-linked troll farm that used a coordinated operation on social media in an effort to help Donald Trump’s presidential campaign in 2016.Actions in response to the malicious SolarWinds cyber activity will target about half a dozen entities linked to Russian security services, according to one of the people. Those measures are also expected to be announced as early as Thursday. The U.S. is also poised to name the Russian Foreign Intelligence Service as the perpetrator of the campaign, the person said.The attack by hackers who compromised widely used software by Texas-based SolarWinds Corp. breached more than 100 U.S. companies and nine government agencies before it was discovered by a cybersecurity firm.This week’s sanctions could be followed by further actions. Bloomberg News has previously reported that the U.S. is weighing other measures, including aimed at bonds issued by Russia.(Updates on timing in third paragraph, ruble move in sixth)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Even when it involved helping Chinese activists take on the ruling regime
I live with a sleep disorder that makes me initiate sex in my sleep. Before I learned from it, I feared it deeply
Welcome to Beauty In A Tik, where each week we put TikTok’s viral beauty hacks and innovative trends to the test. From using hair grips as stencils to create winged eyeliner to face shaving for seamless foundation, TikTok‘s viral makeup hacks are unconventional yet fascinating to watch. Beauty lovers, influencers and professional makeup artists alike are flooding the app with clever shortcuts and tricks which take the chore out of application, help keep makeup in place for longer and create attention-grabbing looks. Right now, the most popular technique taking the app by storm is ‘lipstick blush‘ and the videos are racking up thousands of views. @feliciamaariemakeup Viral blush technique! Is it worth it?💄#makeuphack #howto #viralmakeup #beautyhack ♬ original sound – felicia marie What is TikTok’s ‘lipstick blush’ trend and why has it gone viral? According to resident TikTok makeup artist Felicia Marie, whose lipstick blush video has racked up 204.5k views and counting, the hack consists of using a bright red lipstick to contour with. The first step is applying your chosen lipstick to your forehead, cheekbones and down the centre of your nose and using a brush to blend the product into the skin. Granted, this initially makes it look as though the TikTokers trying the trend have awfully painful sunburn, but the next moves are important for pulling the finished result together. Once the lipstick is blended well, the first step is meant to be repeated using a bronze contouring stick (blended into the skin just like the lipstick) and followed by concealer (under the eyes, cheekbones, down the centre of the nose and on the chin and forehead). Finally, it’s a layer of your chosen foundation, blended out with a fluffy brush or sponge. So what’s the point? We’re not entirely sure but judging by the finished result, it makes for a more convincing flush which meshes a lot better with the skin, rather than a layer of blush on top of foundation, which can otherwise look quite doll-like, severe or even flat if you’re using powder. Anyway, it’s gaining traction among countless TikTok stars and if they’re loving the way it looks IRL, surely it has to be worth a try… @jacquelinekilikita Does the viral #lipstickblush hack work IRL? I tried it! #lipstickblushhack #beautytrends2021 #makeuptutorial #makeuphacks ♬ original sound – Jacqueline Kilikita How do you do TikTok’s ‘lipstick blush’ technique and does it work? I started with bare skin, save for a touch of very light moisturiser (Caudalie Vinoperfect Instant Brightening Moisturiser, £34) as there were many layers of makeup to follow and my skin gets clogged easily. My lipstick of choice was the HIGHR Collective Lipstick in Chiltern, £17.50, for its intense candy red pigment and creamy texture thanks to lots of nourishing plant-based oils. It stays put on lips, too. It felt alien to draw all over my face with it but even weirder when I worked it into the skin. I reached for the Clè de Peau High Coverage Foundation Brush, £60, which is one of the best quality blending brushes out there. The soft but sturdy bristles helped blend the lipstick easily but I have to admit, it did take some work. As you can see, I too emerged from the process with a lobster-esque complexion. The lipstick had defined my cheekbones well, though, so I decided to skip the contouring step and go straight in with concealer: Laura Mercier Flawless Fusion Concealer, £25. I looked absolutely terrifying, like a ventriloquist’s dummy, but when I pulled everything together with my trusty Gucci Beauty Fluide De Beauté Fini Naturel Foundation, £46, and did my eye makeup, I started to see the appeal. @cydneerae trying out the blush hack #blushhack ♬ original sound – Blue Nightmare The flush on my cheeks appeared entirely natural and believable, and I can’t deny the lit-from-within glow! However, I wish I’d avoided my forehead and nose because I looked as though I’d spent a little too long in the sun. Also, the multiple steps make this a real faff so I wouldn’t make the technique part of my daily beauty routine. Maybe next time I’d dab a little lipstick on top of my foundation for a pretty, sun-dappled finish. What are the best liquid and cream blushers? Like TikToker Felicia, I found the lipstick enhanced my skin texture including my acne scars and pores, as it’s not really designed to be used anywhere but lips. If I were to try the trend in future, I’d suggest using liquid or cream blush instead, which merges with skin a lot better. A little goes a long way, too, so you can swerve the swathes of lipstick everyone’s applying. Try Hourglass’s Vanish Blush Stick, £45. It glides on as a cream but when blended into the skin, feels more like a powder and imparts a believable flushed finish. I also love Glossier Cloud Paint, £15, which is highly pigmented, easy to blend and is now available in a wider shade range, and Depixym Cosmetic Emulsion, £18. A tiny dab packs a real punch so you can achieve a statement blush effect like in the above TikTok videos or something more subtle depending on how much you use. Finally, a clever hack I’ve learned from makeup artists is to apply a very light layer of powder blush over liquid or cream versions to dial up the intensity and to keep it from slipping and sliding. My favourites are Illamasqua Powder Blusher, £23, VIEVE Sunset Blush, £23, and Sleek MakeUP Face Form Blush, £4.99, all of which look natural and don’t budge an inch. Refinery29’s selection is purely editorial and independently chosen – we only feature items we love! As part of our business model we do work with affiliates; if you directly purchase something from a link on this article, we may earn a small amount of commission. Transparency is important to us at Refinery29, if you have any questions please reach out to us. Like what you see? How about some more R29 goodness, right here?TikTok's Face Cupping Trend Made My Skin GlowTikTokers Are Swapping Eye Cream For This ProductTikTok's Hair Drops Transformed My Colour, Fast
We can mourn Prince Philip, but not the monarchyThe Duke of Edinburgh may have been a man of his time, yet the royal family cannot be separated from the history of empire The Queen and Prince Philip on a visit to Sierra Leone in 1961. Photograph: AFP/Getty Images
European Biotech and consumer health company HBC has confirmed plans to extend an exclusive distribution agreement for its marine branded products with leading speciality chemicals and ingredients distributor IMCD. The current relationship will now be expanded to include most of Europe and is effective immediately. It marks a significant step in increasing HBC’s potential market opportunities and the ability of consumers to access the recognised benefits of HBC nutritional and nutraceutical grade salmon protein products such as OmeGo®, ProGo® and CalGo®. An important element to this comprehensive commercial relationship is a focus on how to ensure HBC products are best able to satisfy local needs and expectations in each potential consumer market. IMCD has already successfully developed a taste masked formulation concept for OmeGo®. Work is now underway on developing similar formulations for CalGo® and ProGo®. ProGo® is the first and only non-iron containing product on the US market to “support healthy levels of ferritin and hemoglobin” for the prevention of iron deficiency anemia, one of six structure function claims acknowledged by the FDA last year. Roger Hofseth, Chief Executive of Hofseth Biocare ASA welcomed the news by saying, “I’m pleased that this partnership is set to increase the availability of European consumers to our all-natural, non-GMO and additive-free products. Our large investments in both manufacturing and scientific research made over the past few years continue to bear fruit.” Bora Turan, Nutraceuticals Director from IMCD says: “We are delighted to extend our relationship with HBC to the European market. HBC’s innovative, holistic, and science-based product portfolio combined with IMCD’s strong formulation expertise, such as OmeGo gummies and ProGo gel formula, will enable us to serve well our customers while meeting their aspirations for a healthier lifestyle.” Two weeks ago, HBC announced Nestle-owned organic health supplement firm will launch a range of new products with ProGo® later this year in US retail and online markets. The partnership with IMCD, which is headquartered in the Netherlands, provides HBC with the benefits of its market insights and intelligence and access to its well-established international sales and distribution infrastructure. The ultimate aim of the agreement is to develop a comprehensive and complementary HBC specialty product range for all nutraceutical markets around the world. For further information, please contact: James Berger, Chief Commercial Officer of Hofseth BioCare ASAPhone: +41 79 950 10 34E-mail: firstname.lastname@example.org About Hofseth BioCare ASA HBC is a Norwegian biotech company that develops high-value ingredients and finished products currently targeting the consumer health market. Research is ongoing to identify the individual elements within the products that modulate inflammation and the immune response with pre-clinical studies in multiple clinics and university research labs in several countries. Lead clinical and pre-clinical candidates are in development for the protection of the Gastro-Intestinal (GI) system against inflammation, including ulcerative colitis and the orphan condition necrotising enterocolitis, as a Medical Food to help treat age-related Sarcopenia, and as a treatment for Iron Deficiency Anemia, all using peptide fractions of Salmon Protein Hydrolysate. Preclinical trial work with the oil is ongoing to ameliorate lung inflammation in eosinophilic asthma and COPD ("smokers lung") as well as clinical work in COVID. The company is founded on the core values of sustainability and optimal utilization of natural resources. Through an innovative hydrolysis technology, HBC can preserve the quality of lipids, proteins and calcium from fresh salmon off-cuts. Hofseth BioCare's headquarters are in Ålesund, Norway with branches in Oslo, London, Zürich, Chicago, Mumbai, Palo Alto and Tokyo. This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act
Kenmare Resources plc (“Kenmare” or “the Company”) 15 April 2021 Q1 2021 Production Report Kenmare Resources plc (LSE:KMR, ISE:KMR), one of the leading global producers of titanium minerals and zircon, which operates the Moma Titanium Minerals Mine (the "Mine" or "Moma") in northern Mozambique, is pleased to provide a trading update for the quarter ending 31 March 2021 (“Q1 2021”). Statement from Michael Carvill, Managing Director: “I am pleased to report that the number of people in isolation for COVID-19 at Moma has fallen from 177 in mid-March to 41 currently. Whilst operations continued throughout, there have been minor interruptions as a result. It’s very pleasing to see the uplift in production as WCP B settles into normal operation in Pilivili. We remain confident in the outlook for production and re-iterate our guidance of 1.1-1.2 million tonnes per annum of ilmenite in 2021. Our rising production volumes are also well supported by strong demand for our products. Market conditions for ilmenite remain strong and the backdrop for zircon has also been improving and we expect prices to begin rising in the coming quarters.” Overview The number of people in isolation due to COVID-19 at Moma was 41 on the 13 April, having seen steady reduction from 177 reported on 10 MarchLost time injury frequency rate (“LTIFR”) of 0.24 per 200,000 man-hours worked on a 12-month rolling basis, an improvement from 0.25 in Q4 2020Heavy Mineral Concentrate (“HMC”) production increased 46% to 361,900 tonnes (Q1 2020: 248,100 tonnes), benefitting from a 37% increase in grade and a 10% increase in tonnes excavatedIlmenite production increased 73% to 275,100 tonnes (Q1 2020: 159,100)Primary zircon production increased 39% to 13,300 tonnes (Q1 2020: 9,600)Rutile production increased 36% to 1,900 tonnes (Q1 2020: 1,400)Total shipments of finished products up 77% to 344,400 tonnes (Q1 2020: 194,600 tonnes), benefitting from increased production volumes and upgraded transhipment capacityThe ilmenite market has remained strong, with further price increases received in Q1 2021The outlook for the zircon market has improved as increased global demand and low inventories have led to price increases in early Q2 2021 COVID-19 update COVID-19 cases at site have been steadily decreasing, with 41 people in isolation on 13 April 2021, down from 177 on the 10 March 2021. Protecting our people has always been Kenmare’s highest priority. In addition to the pre-existing physical distancing and hygiene protocols, Kenmare has been conducting weekly testing of the complete workforce on the site. This has helped identify and isolate positive cases more quickly and limit the spread of the virus. However, the larger number of cases limited the availability of personnel, including senior management, in Q1 2021. While the business has been managed to mitigate the impact and production has continued, some impacts on production were experienced during the quarter but are difficult to quantify. Production Production from the Moma Mine in Q1 2021 was as follows: Q1 2021Q1 2020Variance Q4 2020Variancetonnestonnes%tonnes%Excavated ore18,955,0008,153,00010%7,554,00019%Grade14.64%3.39%37%5.64%-18%Production HMC production 361,900248,10046%384,700-6%HMC consumption391,200246,70059%338,90015%Ilmenite 275,100159,10073%219,10026%Primary zircon 13,3009,60039%11,20019%Rutile 1,9001,40036%1,40036%Concentrates2 8,9008,6003%8,6003%Shipments 344,400194,60077% 321,3007% Excavated ore and grade prior to any floor losses.Concentrates include secondary zircon and mineral sands concentrate. During Q1 2021 Kenmare further improved its safety performance, with a rolling 12-month LTIFR of 0.24 per 200,000 man-hours worked (Q4 2020: 0.25) due to new risk assessment processes becoming embedded in operations. HMC production was 361,900 tonnes in Q1 2021, representing a 46% increase compared to Q1 2020 (248,100 tonnes), mainly due to the 37% increase in ore grade as WCP B is now mining in the higher grade Pilivili deposit. A 10% increase in excavated ore was also a significant factor, due to a higher contribution from WCP C, which began operating in February 2020, as well as slightly increased volumes at WCP A and WCP B. Mining utilisations are expected to rise for the remainder of the year, supporting higher excavated ore volumes. This is a principal area of management focus. Grades are expected to be maintained between 4.5-5% Total Heavy Mineral until Q4 (when grades are anticipated to drop to ~3.7%), before normalising at around 4.3% in 2022. Production of all finished products from the Mineral Separation Plant increased during Q1 2021 as a result of increased HMC production from the mine. Ilmenite production was 275,100 tonnes, up 73% (Q1 2020: 159,100 tonnes); primary zircon production was 13,300 tonnes, up 39% (Q1 2020: 9,600 tonnes); rutile production was 1,900 tonnes, up 36% (Q1 2020: 1,400 tonnes); and concentrates production was 8,900 tonnes, up 3% (Q1 2020: 8,600 tonnes). Concentrate production increased less than primary zircon due to an intermediate stock build of 3,600 tonnes during the quarter, which is expected to reverse. Total shipments in Q1 2021 increased 77% compared to Q1 2020 (Q1 2020: 194,600 tonnes), reflecting strong product market conditions and aided by the increased capacity of the transhipment vessels, following previously announced upgrade works. Kenmare shipped 344,400 tonnes of finished products during the period. Shipments comprised of 326,700 tonnes of ilmenite, 8,500 tonnes of primary zircon, and 9,300 tonnes of concentrates. No rutile was shipped during the quarter. Closing stock of HMC at the end of Q1 2021 was 20,900 tonnes, compared with 50,200 tonnes at the start of the year. Closing stock of finished products at the end of Q1 2021 was 101,000 tonnes (Q4 2020: 145,500 tonnes). Capital projects update The final parts of the HMC pumping pipeline for WCP B operations at Pilivili have been installed, with commissioning now underway. The total capital cost of the WCP B move is estimated at US$127 million, as outlined in the 2020 Preliminary Results. Market update The ilmenite market continued to perform strongly into 2021 and Kenmare achieved price increases for ilmenite in Q1 2021. Following on from the strong recovery in H2 2020, demand for titanium pigment remained buoyant in Q1 2021, as downstream markets saw a strong uplift from the ongoing global economic recovery. Pigment producers are operating at high utilisation rates to meet demand and due to low inventory levels, this is flowing directly through to demand for titanium feedstocks. The titanium metal market is also starting to recover in key regions such as Asia, which has further bolstered ilmenite demand. Ilmenite supply continues to be constrained in India, while recent mine closures in Australia have also reduced supply. This has been more than offset by increased ilmenite supply from Vietnam in recent months and higher ilmenite production in China. Despite higher supply from these sources, ilmenite demand has exceeded Kenmare’s ability to supply in Q1 2021 even after drawing on finished product inventories. The outlook remains positive as demand for Kenmare’s products is strong across all major geographical regions, with many recovering faster than anticipated. We have secured the majority of sales for Q2 2021 and expect ilmenite demand to remain robust as pigment inventories remain low through the supply chain. Market dynamics for zircon improved in Q1 2021, benefitting from higher global demand and low inventories. As a result, prices have shown increases in early Q2 2021. For further information, please contact: Kenmare Resources plcJeremy Dibb Investor Relationsir@kenmareresources.com Tel: +353 1 671 0411Mob: + 353 87 943 0367 Murray (PR advisor)Joe Heron Tel: +353 1 498 0300Mob: +353 87 690 9735 About Kenmare Resources Kenmare Resources plc is one of the world’s largest producers of mineral sands products. Listed on the London Stock Exchange and the Euronext Dublin, Kenmare operates the Moma Titanium Minerals Mine in Mozambique. Moma’s production accounts for approximately 5% of global titanium feedstocks and the Company supplies to customers operating in more than 15 countries. Kenmare produces raw materials that are ultimately consumed in everyday “quality-of life” items such as paints, plastics and ceramic tiles. Forward Looking Statements This announcement contains some forward-looking statements that represent Kenmare's expectations for its business, based on current expectations about future events, which by their nature involve risks and uncertainties. Kenmare believes that its expectations and assumptions with respect to these forward-looking statements are reasonable. However, because they involve risk and uncertainty, which are in some cases beyond Kenmare's control. Actual results or performance may differ materially from those expressed or implied by such forward-looking information.
Sitryx further strengthens leadership team with the appointment of Iain Kilty, Ph.D., as Chief Scientific Officer Oxford, UK – 15 April 2021 – Sitryx (“the Company”), a biopharmaceutical company focused on regulating cell metabolism to develop disease-modifying therapeutics in immuno-oncology and immuno-inflammation, today announces the appointment of Iain Kilty, Ph.D., as its Chief Scientific Officer. Iain will lead the development and execution of the Company’s research strategy and advancement of the Company’s pipeline of disease-modifying therapeutics in immuno-oncology and immuno-inflammation. Neil Weir, Chief Executive Officer of Sitryx, said: “We are delighted to welcome Iain to the Sitryx team. His breadth of experience in leading drug discovery programmes from idea through to clinical development, particularly in the fields of inflammation and immunology, will be critical as we continue to build and progress our pipeline of immunometabolism targeted therapeutic programmes.” Iain said: “Sitryx’s high quality science has the potential to transform how we treat severe diseases, such as cancer and autoimmune conditions. I am thrilled to join the Sitryx team, to help drive the science forward and build out the Company’s immunometabolism pipeline of disease-modifying therapies for patients.” Iain has more than 20 years of global biopharmaceutical industry experience and has led multiple programmes from idea through to clinical development across a range of indications and therapeutic modalities. He joins Sitryx from Quench Bio where, as Chief Scientific Officer, he was responsible for the company’s scientific strategy and execution. Prior to joining Quench, Iain served as Vice President Preclinical Sciences in the Inflammation and Immunology Research Unit at Pfizer, where he was responsible for a portfolio of both small and large molecule programmes targeted across rheumatology, dermatology and gastroenterology. Iain had a 22-year tenure at Pfizer, starting as an internal industrial postdoc and taking on roles of increasing responsibility working across the drug discovery paradigm from target identification to leading the early clinical cluster in Rheumatology and Dermatology. Iain is an Entrepreneur in Residence at Atlas Venture and acts as an industry impact assessor for the UK Government’s Research Excellence Framework 2021. He graduated with a BA and MA Cantab in Biochemistry from Jesus College, University of Cambridge, UK, before completing his Ph.D. in the Breast Cancer Research Laboratories at the University of Liverpool, UK. Ends For more information about Sitryx please contact: Consilium Strategic CommunicationsMary-Jane Elliott, David Daley, Melissa Gardiner+44 (0)20 3709 email@example.com About SitryxSitryx is a biopharmaceutical company focused on regulating cell metabolism to develop disease-modifying therapeutics in immuno-oncology and immuno-inflammation. Sitryx’s proprietary science is led by a highly experienced management team and supported by world class academic founders. Sitryx was founded by six world-leading researchers in the field of immunology and metabolism; Houman Ashrafian, Luke O’Neill, Jonathan Powell, Jeff Rathmell, Michael Rosenblum and Paul Peter Tak. Together they have published more than 1,000 papers in the field, making multiple key breakthroughs in our understanding of how critical energetic status is to the behavior of immune cells and in the broader field of immunology. In 2018, Sitryx raised $30 million Series A funding from an international syndicate of specialist investors including SV Health Investors, Sofinnova Partners, Longwood Fund and GSK. In 2020, Sitryx formed an exclusive global licensing and research collaboration with Eli Lilly and Company. Lilly also became an investor in the Company. The Company has a pipeline of projects at multiple stages of drug discovery. Sitryx is headquartered in Oxford, UK. For more information, please visit www.sitryx.com.
It's everywhere I go (on Instagram).
PureTech Announces Annual Results for Year Ended December 31, 2020
For immediate release 15 April 2021 Serabi Gold plc(“Serabi” or the “Company”) Strong first quarter gold production Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian-focused gold mining and development company, is pleased to provide the results and a review of its first quarter operational and development activities in the Tapajos region of Para State, Northern Brazil. A PDF version of this announcement, including all images, can be accessed using the following link https://bit.ly/3atnWqP OPERATIONAL and DEVELOPMENT HIGHLIGHTS First quarter gold production of 8,087 ounces, respectively a 19% and 11% improvement on gold production for Q3 and Q4 of 2020 and 16% ahead of budget driven by improving grades.Total ore mined during the quarter of 40,371 tonnes at 6.27 grams per tonne (“g/t”) of gold, a 20% improvement in grade compared with the previous quarter.41,462 tonnes of run of mine (“ROM”) ore were processed through the plant from the combined Palito and São Chico orebodies, with an average grade of 6.27 g/t of gold.3,573 metres of horizontal development completed during the quarter, the highest development rate since current operations commenced. Exploration drilling on the Toucano trend at São Domingos, five kilometres from the São Chico operation, intersected three mineralised structures, all hosted within a mineralised alteration zone with a true width of 50 metres. Significant intersections (previously announced) included: 21-SD-010 – 7.40m @ 1.95/t Au from 141.00m, including 1.90m @ 5.12g/t Au21-SD-010 – 7.00m @ 9.68g/t Au from 151.55m, including 1.40m @ 26.24g/t Au21-SD-010 – 7.15m @ 258.24g/t Au from 172.85m, including 3.55m @ 519.45g/t Au21-SD-005 – 4.70m @ 1.42g/t Au from 76.00m21-SD-005 – 0.80m @ 89.03g/t Au from 140.00m21-SD-003 – 0.50m @ 6.22g/t Au from 42.00m21-SD-003 – 1.80m @ 3.77/t Au from 67.25m Completion of a terrestrial geophysical survey at the Company’s Calico prospect, with results showing a highly encouraging geophysical anomaly coincidental with a previously identified geochemical anomaly. A soil sample geochemical survey, undertaken in the eastern area of the São Domingos tenement that runs into the western part of the São Chico Mining License, has defined multiple areas of anomalous gold in soils. These gold in soil anomalies are coincidental with and supported by other multi-element anomalies. FINANCIAL AND CORPORATE HIGHLIGHTS Completed placing of new Ordinary Shares in March 2021 raising gross proceeds of £12.5 million. Funds to be used to Redeem US$2.0 million of convertible loan notes together with accrued fees and interest.Settle balance of acquisition payment for the Coringa Gold Project, which as at the date of the placing was US$3.5 million including accrued interest.Part-fund the construction of the Coringa Gold Project which, when in full production, is expected to increase current group annual production by approximately 100 per cent. to approximately 80 kozpa.Undertake further regional exploration, including up to c. 32,000 metres of drilling on priority targets during 2021 as part of the Company's longer term exploration objective of targeting a mineral resource above 3 million ounces of contained gold in aggregate across all of the Company's projects. Cash holdings at end March 2020 were US$20.5 million following the redemption of the outstanding Convertible Loan Notes held by Greenstone Resources II LP but before settlement of the remainder of the Equinox debt in respect of the acquisition of Coringa which as of 31 March 2021 was approximately US$3.6 million. Mike Hodgson has provided an interview to BRR Media which can be accessed using the following linkhttps://www.brrmedia.co.uk/broadcasts/6077234c0386285386cc8aa8/serabi-gold---strong-first-quarter-gold-production/ Key Operational Information SUMMARY PRODUCTION STATISTICS FOR 2021 AND 2020 Qtr 1YTDQtr 1Qtr 2Qtr 3Qtr 4Full Yr2021202120202020202020202020 Gold production (1) Ounces8,0878,0879,0208,5046,7907,25431,568(1)Mined ore – TotalTonnes40,37140,37142,03643,51944,09746,275175,928 Gold grade (g/t)6.276.276.545.854.845.245.59Milled oreTonnes41,46241,46240,46544,23546,13543,440174,276 Gold grade (g/t)6.276.276.665.914.755.275.62Horizontal development – TotalMetres3,5733,5732,8783,0043,0373,35312,272 Gold production figures are subject to amendment pending final agreed assays of the gold content of the copper/gold concentrate and gold doré that is delivered to the refineries. Following reconciliation of assays with gold refineries during the first quarter of 2021, reported gold production for 2020 has been reduced by 435 ounces.The table may not sum due to rounding. Mike Hodgson, CEO, commented: “It has been a very encouraging start to 2021 from an operational perspective, with over 8,000 ounces of gold produced, comfortably exceeding our internal forecast. After the challenges of 2020, this first quarter was expected to deliver the lowest level of gold production for 2021 so achieving a 16 per cent improvement on our internal budget represents an excellent result. Last year we experienced a reduction in average mined grades as a consequence of being somewhat restricted in mining areas available following labour reductions, so achieving a 20 per cent improvement in the mined and milled grades compared to the fourth quarter of 2020 is very pleasing. With a total of 3,573 horizontal metres achieved in the quarter, the Company also improved on the previous best level of quarterly development metres which had been set in the preceding quarter. This bodes well for the rest of the year as we continue to accelerate development and recover the metres that were unavoidably delayed in 2020 due to the COVID 19 pandemic. “On that note, Brazil is experiencing an aggressive second wave, bringing significant challenges to the country. Several mining operations across the country are being impacted, but I am pleased to say that at the current time we are not amongst them. Serabi’s combination of location and being a live-in-camp operation, has so far allowed us to maintain a controlled environment and we have kept COVID 19 infections out of the site, and able to protect the health of the on-site personnel. Our preventative actions have been critical and, going into 2021, allowed the Company to restore the on-site personnel numbers to pre-pandemic levels, which is reflected in the first quarter results. In the Palito orebody, the Ipe and Mogno veins are bringing some excellent returns in both development and stoping. These veins are relatively young in the history of Palito and are therefore still only being developed and mined at relatively high elevations, allowing use of the existing mine infrastructure to gain access, rather than having to develop older veins at depth. The Pipocas vein continues to contribute much of the remaining run of mine (“ROM”). At the São Chico orebody, the deepest level being advanced is currently at -63mRL, approximately 300 metres below surface, with the intention to continue to develop the main ramp to the -78mRL. In the western part of the orebody increased production and development of the Julia vein is ongoing. Levels 116mRL, 128mRL, 139mRL, 156mRL and 170mRL have been or are in development on the Julia vein, and as this zone is relatively distant from the main central ramp, an additional western ramp extension is being developed. This western ramp will over time be extended from the 116mRL to the 0mRL. At the end of the first quarter the ramp had reached the 100mRL. “Quarterly plant and processing performance was good, averaging over 450 tonnes per day of hard rock ore throughput. “There was a welcome return of exploration activities during the fourth quarter of 2020 and this activity has continued into the first quarter. There are currently three surface drill rigs in operation, one at Palito, another at São Chico and the third at our recently acquired São Domingos prospect. “Drilling results to date over the São Domingos prospect located only five kilometres to the west of São Chico have been very encouraging. It is a prospect rich in artisanal workings, past and present and where some exceptionally high-grade ore has been mined. We have identified five key prospects, but to date, the focus has centred upon the Toucano prospect. Figure 1 summarises some of the drilling results received to date. To view the image of the São Domingos drill plan, please click on this link - https://bit.ly/2RgVoKp Figure 1 - São Domingos drill plan and results for the Toucano trend To view the image of the São Domingos drill section 1, please click on this link -https://bit.ly/3utPqnu Figure 2 – São Domingos drill section 1 on the Toucano trend. “The central part of the Toucano prospect over “section 1” has the highest concentration of drilling which has intersected three mineralised structures, all hosted within a 50 metre true width mineralised alteration zone. Hole 21-SD 010 is the current highlight where a drilled width totalling 70 metres of alteration was cut, within which multiple high-grade intersections including 9.68 g/t Au over 7.0 metres, 26.24 g/t Au over 1.40 metres and 258.24 g/t Au over 7.15 metres including 519.45 g/t Au over 3.55 metres were recorded. Visible gold was recorded in this last intersection as shown in figure 3: To view the image of visible gold from hole 21-SD-010, please click on this link - https://bit.ly/2OplxW4 Figure 3 - Visible Gold from 21-SD-010 @ 175.40m down hole depth. Mineralisation is already confirmed along at least a 400 metre strike length and remains open at depth and along strike with existing drilling and artisanal activity indicating a potential strike of 600 metres, and the plan is to replicate the drill coverage undertaken on the central section over that entire strike length. “The second and third rigs are drilling the western extension of the São Chico orebody and the strike extensions of the Ipe and Mogno veins at Palito respectively. At São Chico we await further assay results but visual intersections of what appears to be the Main Vein are very encouraging. “Regional exploration continued during the quarter focusing on two areas, the Calico/Juca prospects to the south of Palito and the Fofoca prospect that lies between São Domingos and São Chico. “Calico is located just five kilometres from Palito, and in recent months we have completed terrestrial geophysical and geochemical surveys. Soil geochemistry defined a two kilometre by two kilometre anomaly with soil assays as high as 0.8g/t, making this anomaly, in terms of scale and signature, very comparable to the geochemical anomaly over Palito, which is a 600,000 ounce producing orebody. Such high gold in soil levels remain, to date, rare in the Tapajos. Given Calico’s proximity to Palito and the fact that it shares many similar characteristics including what seems to be a similar geochemical and geophysical signature, we plan to conduct some initial first pass drilling during the coming months. To view the image of Regional Exploration at the Palito Complex please click on this link https://bit.ly/3rMAlvR Figure 4 – Regional Exploration at Palito Complex, showing Palito and São Chico, and the Calico and Fofoca prospects. To view the detailed image of the Calico/Forquilha/Juca area please click on this link https://bit.ly/3rFWbkQ Figure 5 – Detailed Image of the Calico/Forquilha/Juca area showing local geology as well as multiple gold and copper geochemical anomalies To view the detailed image of Calcio please click on the following link https://bit.ly/2Z6eu6r Figure 6 – Detailed image of Calico showing local Geology, Gold and Copper Geochemistry as well as terrestrial geophysics – IP anomalies “At Fofoca, the geochemical results from soil sampling delineated multiple areas of anomalous gold in soils. The three-kilometre-long gold in soil “Pedro Trend” is interpreted as a strike extension of the Fofoca mineralisation in the adjacent tenement. Multiple gold in soil anomalies nearby with similar orientations, suggest parallel mineralised structures. In addition, the one-kilometre-long gold in soil “Messias Trend” is interpreted as a strike extension to the high-grade Messias garimpo in the south east of the São Domingos area and also a 1 kilometre by 1.5-kilometre gold in soil anomaly of more than 30ppb, has been identified two kilometres directly west of the Cicada target. To view the image of the Sao Domingos soil geochemistry please click on this link - https://bit.ly/3ukG0e6 Figure 7 - São Domingos gold and multi-element soil geochemistry. “Following the successful equity raise in March 2021, we now have funds in place to commence the development of the underground mine at Coringa. Since March, we have been busy with finalising mobile fleet preparations and making the few key initial hires we require. We are now in possession of the necessary explosives storage and blasting permits and are hopeful of starting the portal by mid-year. “With respect to permitting, and with the Licença Prévia (LP) already in our hands, we are working our way through the conditions requested by the State Environmental Agency (“SEMAS”) as part of the process to secure the Installation License (LI), which is the permit required to begin construction. One of the main conditions is geotechnical investigation work of the ground conditions below the proposed dry stack tailings pile. I am pleased to say this drilling is underway and Geoestavel, our geotechnical consultants are ready to process the results and supply SEMAS with the findings. With the successful placing completed during March 2021, raising gross proceeds of approximately £12.5 million, the Group is now in a very strong position and well placed to achieve its 2021 objectives. We will be undertaking an accelerated mine development programme to recover the ‘lost’ metres of 2020 and beyond, and this will be accompanied by an aggressive mine site and regional exploration drilling programme targeting an increase in resource inventories at Palito and São Chico, as well as numerous satellite prospects awaiting drilling, including São Domingos and Calico. As noted in a news release issued on 1 April 2021, the completion of the Group’s annual audit has been delayed, and therefore the publication of the annual financial statements, whilst the Company and its auditors make further enquiries regarding undocumented cash withdrawals amounting to approximately US$80,000 during 2020. These enquiries remain on-going, and we are unable to provide any further comment until these enquiries have been completed. On a final note, I must comment on the tragic event which occurred on 9 March 2021, when an employee working in the Palito mine was involved in an accident in an active mining area and was fatally injured. The full investigation by all the relevant authorities into the accident remains open and at this stage we can only note that it appears that the individual was not following the appropriate safety procedures set down by the Company. I had hoped that after significant effort was put into Health and Safety training from 2019, which saw a 56% reduction in lost time injuries, we would not need to experience such tragic events. To try and further minimise the risks of a similar event occurring again, the Company has established a Health and Safety Committee which includes myself and Roney Almeida (COO) and is in the process of commissioning an independent safety audit to review all safety protocols and procedures across the entire operation. Production Results Total production for the first quarter of 2021 was 8,087 ounces of gold, generated from the processing of 41,462 tonnes of ore with an overall average grade of 6.27 g/t of gold. This processed ore was sourced from hard rock mined ore from the Palito and São Chico orebodies, supplemented by the processing of 6,108 tonnes of surface stockpiled flotation tailings grading approximately 2.2 g/t gold. Mined tonnage for the quarter totalled 40,371 tonnes with a grade of 6.27 g/t of gold. Gold production for this quarter represents a 19% and 11% improvement on third and fourth quarters of 2020 respectively. On 31 March 2020, there were coarse ore stocks of approximately 5,000 tonnes of ore with an average grade of 2.5 g/t of gold. This stockpile continues to be consumed slowly and used as a ‘top-up’ to ROM ore to keep the plant full. A total of 3,573 metres of horizontal development has been completed during the quarter, of which 1,975 metres was ore development. The balance is the ramp, cross cuts and stope preparation development. 2021 Production Guidance The Company maintains its previously stated guidance that production for 2021 from the current Palito Complex operations will be between 33,000 and 36,000 ounces with forecast production in 2022 then increasing to approximately 45,000 ounces. This announcement is inside information for the purposes of Article 7 of Regulation 596/2014. The person who arranged for the release of this announcement on behalf of the Company was Clive Line, Director. Enquiries: Serabi Gold plc Michael HodgsonTel: +44 (0)20 7246 6830Chief ExecutiveMobile: +44 (0)7799 473621 Clive LineTel: +44 (0)20 7246 6830Finance DirectorMobile: +44 (0)7710 151692 Email: firstname.lastname@example.org Website: www.serabigold.com Beaumont Cornish LimitedNominated Adviser and Financial Adviser Roland CornishTel: +44 (0)20 7628 3396Michael CornishTel: +44 (0)20 7628 3396 Peel Hunt LLPUK Broker Ross AllisterTel: +44 (0)20 7418 8900 Copies of this announcement are available from the Company's website at www.serabigold.com. Neither the Toronto Stock Exchange, nor any other securities regulatory authority, has approved or disapproved of the contents of this announcement. GLOSSARY OF TERMS “Ag”means silver.“Au”means gold.“assay”in economic geology, means to analyse the proportions of metal in a rock or overburden sample; to test an ore or mineral for composition, purity, weight or other properties of commercial interest.“CIM”means the Canadian Institute of Mining, Metallurgy and Petroleum.“chalcopyrite”is a sulphide of copper and iron.“Cu”means copper.“cut-off grade”the lowest grade of mineralised material that qualifies as ore in a given deposit; rock of the lowest assay included in an ore estimate.“dacite porphyry intrusive”a silica-rich igneous rock with larger phenocrysts (crystals) within a fine-grained matrix“deposit”is a mineralised body which has been physically delineated by sufficient drilling, trenching, and/or underground work, and found to contain a sufficient average grade of metal or metals to warrant further exploration and/or development expenditures; such a deposit does not qualify as a commercially mineable ore body or as containing ore reserves, until final legal, technical, and economic factors have been resolved.“electromagnetics”is a geophysical technique tool measuring the magnetic field generated by subjecting the sub-surface to electrical currents.“garimpo”is a local artisanal mining operation“garimpeiro”is a local artisanal miner.“geochemical”refers to geological information using measurements derived from chemical analysis.“geophysical”refers to geological information using measurements derived from the use of magnetic and electrical readings.“geophysical techniques”include the exploration of an area by exploiting differences in physical properties of different rock types. Geophysical methods include seismic, magnetic, gravity, induced polarisation and other techniques; geophysical surveys can be undertaken from the ground or from the air.“gossan”is an iron-bearing weathered product that overlies a sulphide deposit.“grade”is the concentration of mineral within the host rock typically quoted as grams per tonne (g/t), parts per million (ppm) or parts per billion (ppb).“g/t”means grams per tonne.“granodiorite”is an igneous intrusive rock similar to granite.“hectare” or a “ha”is a unit of measurement equal to 10,000 square metres.“igneous”is a rock that has solidified from molten material or magma.“IP”refers to induced polarisation, a geophysical technique whereby an electric current is induced into the sub-surface and the conductivity of the sub-surface is recorded.“intrusive”is a body of rock that invades older rocks."Indicated Mineral Resourceis that part of a Mineral Resource for which quantity, grade or quality, densities, shape and physical characteristics can be estimated with a level of confidence sufficient to allow the appropriate application of technical and economic parameters, to support mine planning and evaluation of the economic viability of the deposit. The estimate is based on detailed and reliable exploration and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes that are spaced closely enough for geological and grade continuity to be reasonably assumed."Inferred Mineral Resource”is that part of a Mineral Resource for which quantity and grade or quality can be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified, geological and grade continuity. The estimate is based on limited information and sampling gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes.“Inferred Mineral Resource”‟ is that part of a Mineral Resource for which quantity and grade or quality can be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified, geological and grade continuity. The estimate is based on limited information and sampling gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes.“mineralisation” the concentration of metals and their chemical compounds within a body of rock.“mineralised” refers to rock which contains minerals e.g. iron, copper, gold."Mineral Resource”is a concentration or occurrence of diamonds, natural solid inorganic material, or natural solid fossilized organic material including base and precious metals, coal, and industrial minerals in or on the Earth's crust in such form and quantity and of such a grade or quality that it has reasonable prospects for economic extraction. The location, quantity, grade, geological characteristics and continuity of a Mineral Resource are known, estimated or interpreted from specific geological evidence and knowledge.“Mineral Reserve”is the economically mineable part of a Measured or Indicated Mineral Resource demonstrated by at least a Preliminary Feasibility Study. This Study must include adequate information on mining, processing, metallurgical, economic and other relevant factors that demonstrate, at the time of reporting, that economic extraction can be justified. A Mineral Reserve includes diluting materials and allowances for losses that may occur when the material is mine“Mo-Bi-As-Te-W-Sn”Molybdenum-Bismuth-Arsenic-Tellurium-Tungsten-Tin“monzogranite”a biotite rich granite, often part of the later-stage emplacement of a larger granite body.“mt” means million tonnes.“ore” means a metal or mineral or a combination of these of sufficient value as to quality and quantity to enable it to be mined at a profit.“oxides” are near surface bed-rock which has been weathered and oxidised by long term exposure to the effects of water and air.“ppm” means parts per million.“Probable Mineral Reserve”is the economically mineable part of an Indicated and, in some circumstances, a Measured Mineral Resource demonstrated by at least a Preliminary Feasibility Study. This Study must include adequate information on mining, processing, metallurgical, economic, and other relevant factors that demonstrate, at the time of reporting, that economic extraction can be justified.“Proven Mineral Reserve”is the economically mineable part of a Measured Mineral Resource. A Proven Mineral Reserve implies a high degree of confidence in the Modifying Factors“saprolite” is a weathered or decomposed clay-rich rock.“sulphide”refers to minerals consisting of a chemical combination of sulphur with a metal.“vein”is a generic term to describe an occurrence of mineralised rock within an area of non-mineralised rock.“VTEM”refers to versa time domain electromagnetic, a particular variant of time-domain electromagnetic geophysical survey to prospect for conductive bodies below surface. Assay ResultsThe majority of the assay results reported within this release are those provided by the Company's own on-site laboratory facilities at Palito and have not yet been independently verified. Serabi closely monitors the performance of its own facility against results from independent laboratory analysis for quality control purpose. As a matter of normal practice, the Company sends duplicate samples derived from a variety of the Company's activities to accredited laboratory facilities for independent verification. Since mid-2019, over 10,000 exploration drill core samples have been assayed at both the Palito laboratory and certified external laboratory, in most cases the ALS laboratory in Belo Horizonte, Brazil. When comparing significant assays with grades exceeding 1 g/t gold, comparison between Palito versus external results record an average over-estimation by the Palito laboratory of 6.7% over this period. Based on the results of this work, the Company's management are satisfied that the Company's own facility shows sufficiently good correlation with independent laboratory facilities for exploration drill samples. The Company would expect that in the preparation of any future independent Reserve/Resource statement undertaken in compliance with a recognised standard, the independent authors of such a statement would not use Palito assay results without sufficient duplicates from an appropriately certificated laboratory. Qualified Persons StatementThe scientific and technical information contained within this announcement has been reviewed and approved by Michael Hodgson, a Director of the Company. Mr Hodgson is an Economic Geologist by training with over 26 years' experience in the mining industry. He holds a BSc (Hons) Geology, University of London, a MSc Mining Geology, University of Leicester and is a Fellow of the Institute of Materials, Minerals and Mining and a Chartered Engineer of the Engineering Council of UK, recognising him as both a Qualified Person for the purposes of Canadian National Instrument 43-101 and by the AIM Guidance Note on Mining and Oil & Gas Companies dated June 2009. Forward Looking StatementsCertain statements in this announcement are, or may be deemed to be, forward looking statements. Forward looking statements are identiﬁed by their use of terms and phrases such as ‘‘believe’’, ‘‘could’’, “should” ‘‘envisage’’, ‘‘estimate’’, ‘‘intend’’, ‘‘may’’, ‘‘plan’’, ‘‘will’’ or the negative of those, variations, or comparable expressions, including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors’ current expectations and assumptions regarding the Company’s future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reﬂect the Directors’ current beliefs and assumptions and are based on information currently available to the Directors. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements including risks associated with vulnerability to general economic and business conditions, competition, environmental and other regulatory changes, actions by governmental authorities, the availability of capital markets, reliance on key personnel, uninsured and underinsured losses and other factors, many of which are beyond the control of the Company. Although any forward-looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent with such forward looking statements. ENDS
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION (EU) NO. 596/2014 OF THE EUROPEAN PARLIAMENT AND THE COUNCIL OF 16 APRIL 2014 ON MARKET ABUSE AS IT FORMS PART OF RETAINED EU LAW AS DEFINED IN THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (THE "MARKET ABUSE REGULATION"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT THE INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN. THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, HONG KONG, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.
Kenmare Resources plc (“Kenmare” or “the Company”) 15 April 2021 Notice of Annual General Meeting Kenmare Resources plc (LSE:KMR, ISE:KMR), one of the leading global producers of titanium minerals and zircon, provides notice of its Annual General Meeting ("AGM"). Notice of AGM Kenmare’s AGM will be held at the Company’s head office (4th Floor, Styne House, Hatch Street Upper, Dublin 2, Ireland) at 2.00 p.m. on 13 May 2021. The Company plans to conduct the AGM in accordance with the Irish Government’s COVID-19 related public health measures and public health advice. Shareholders should expect the AGM to take place under constrained circumstances. The Company will ensure that all legal requirements of the meeting, in accordance with its Articles of Association, are satisfied with the minimum necessary quorum of three shareholders and physical distancing measures will be in place. The Company reserves the right to refuse entry to the meeting where reasonably necessary to comply with the COVID-19 related public health measures and advice. The Company will continue to closely monitor the developing situation around COVID-19, including the latest Government guidance, and how this may affect the arrangements for the Annual General Meeting. Consequently, the meeting is subject to change, possibly at short notice. If it becomes necessary or appropriate to revise the current arrangements for the Annual General Meeting, further information will be made available as quickly as possible by RNS and on our website at www.kenmareresouces.com/investors. In order to facilitate the greatest shareholder participation legally permitted at the moment, the AGM will be held as a combined physical and electronic meeting. Shareholders will be given the opportunity to remotely access the AGM, ask questions and vote at the AGM via a virtual meeting platform provided by Lumi AGM UK Limited. Further information on remotely accessing and participating in the AGM via the virtual meeting platform is set out in the Notice of AGM and on the Company’s website at www.kenmareresources.com. The Notice of AGM and related voting forms are available on the Company's website, in addition to the Annual Report 2020 as previously announced, at: www.kenmareresources.com/investors/shareholder-information/meetings-and-voting Copies of the documents have also been submitted to Euronext Dublin and the UK National Storage Mechanism and will therefore shortly be available for inspection at: https://direct.euronext.com/Announcements/View-Announcements/OAM-Filing/and https://data.fca.org.uk/#/nsm/nationalstoragemechanism The Annual Report 2020 and Notice of AGM will be posted to shareholders in the coming days. Shareholders are advised to monitor the Company's website and announcements for any updates regarding the AGM. For further information, please contact: Kenmare Resources plcJeremy Dibb Investor Relationsir@kenmareresources.com Tel: +353 1 671 0411Mob: + 353 87 943 0367 Murray (PR advisor)Joe Heron Tel: +353 1 498 0300Mob: +353 87 690 9735 About Kenmare Resources Kenmare Resources plc is one of the world’s largest producers of mineral sands products. Listed on the London Stock Exchange and the Euronext Dublin, Kenmare operates the Moma Titanium Minerals Mine in Mozambique. Moma’s production accounts for approximately 5% of global titanium feedstocks and the Company supplies to customers operating in more than 15 countries. Kenmare produces raw materials that are ultimately consumed in everyday “quality-of life” items such as paints, plastics and ceramic tiles. Forward Looking Statements This announcement contains some forward-looking statements that represent Kenmare's expectations for its business, based on current expectations about future events, which by their nature involve risks and uncertainties. Kenmare believes that its expectations and assumptions with respect to these forward-looking statements are reasonable. However, because they involve risk and uncertainty, which are in some cases beyond Kenmare's control. Actual results or performance may differ materially from those expressed or implied by such forward-looking information.
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15 April 2021 HARGREAVE HALE AIM VCT PLC (the “Company”) Close of Offer to Further Applications On 2 September 2020, the Company launched an offer for subscription (the “Offer”) of Ordinary Shares of 1p each in the capital of the Company to raise up to £20 million, together with an Over-allotment facility of up to a further £10 million. Full details of the Offer are contained in a prospectus which was published by the Company on 2 September 2020 and a supplementary prospectus published on 8 January 2021. On 7 January 2021, the Company announced that it had received valid applications in excess of £19 million and therefore intended to utilise the £10 million Over-allotment Facility. On 15 February 2021, the Company confirmed it had received valid applications in respect of the full £10 million Over-allotment facility. The Directors of the Company today announce that the Offer is now fully subscribed and closed for further applications. Terms defined in the Prospectus have the same meaning where used in this announcement. END For further information, please contact: JTC (UK) LimitedSusan.FadilRuth WrightHHV.CoSec@jtcgroup.com +44 20 3893 1005 +44 203 893 1011 LEI: 213800LRYA19A69SIT31
Nilorn Group AB's operating result for the first quarter 2021 is estimated to be better than expected. Nilörngruppen AB's operating profit for the first quarter 2021 is assessed to exceed the company's profitability target due to sales being better than expected. The Group's sales are estimated at SEK 175 million (155), an increase of 13 percent and in local currencies by 25 percent. Operating result is expected to SEK 27 (9) million. The previous year was charged with termination costs of SEK 2.8 million attributable to the former CEO. The COVID-19 pandemic will continue to affect demand for the company's products, but it is very difficult to estimate how long and to what extent it is happening. In 2020, we received government contributions while limiting costs through lower activity. This year it will need to be compensated for by increased volumes. All figures in this press release are preliminary and the final report for the first quarter 2021 will be published on April 29, 2021 at 08:00 a.m. CET. Nilorn Group will not make any further comment about the financial developments until after the interim report for the first quarter has been published. For further information, please contact: Krister Magnusson, President and CEO tel: 0704-852 114, e-mail: email@example.com This information is information that Nilörngruppen AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the above contact persons, on April 15, 2021 at 08:00 a.m. CET. General about Nilorn Group Nilorn Group is a global company, founded in the 1970s, with expertise in how to add value to brands through branding and design in the form of labels, packaging and accessories, primarily to customers in the fashion and clothing industry. Nilorn Group offers complete, creative and tailor-made concepts in branding, design, product development and logistical solutions. The Group operates through its own companies in Sweden, Denmark, the UK, Germany, Belgium, Portugal, Hong Kong, India, Turkey, China, Bangladesh, Italy and Pakistan. Partner companies are located in Tunisia, the United States and Switzerland. See also: www.nilorn.se Attachment Pressrelease 15 april-21 eng
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, INTO OR WITHIN CANADA, AUSTRALIA, NEW ZEALAND, SOUTH-AFRICA, HONG KONG, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL DNB ASA announces recommended voluntary cash offer by DNB Bank ASA to acquire 100 per cent of the shares of Sbanken ASA at NOK 103.85 per share. Bergen, 15 April 2021 – The Board of Directors of Sbanken ASA (“Sbanken” or the “Company”) announces today that an agreement has been reached with DNB Bank ASA (“DNB” or the “Offeror”), a wholly-owned subsidiary of DNB ASA, for the launch by DNB of a recommended voluntary cash tender offer (the “Offer”) for 100 per cent of the shares (the “Shares”) of the Company. A cash consideration of NOK 103.85 (the “Offer Price”) will be offered per Share, which implies a total consideration for all the Shares of approximately NOK 11.1 billion. The Offer Price represents a premium of 29.8 per cent over the closing price of the Shares on 14 April 2021 of NOK 80.0 and a premium of 49.8 per cent over the average volume weighted share price adjusted for dividend during the last six months up to and including 14 April 2021 of NOK 69.3. The Company’s Board of Directors recommends the Offer. Shareholders representing a total of approximately 29 per cent of the outstanding Shares have, on certain terms and conditions, undertaken to accept the Offer, including the Company’s largest shareholders Altor Invest 3 AS and Altor Invest 4 AS which hold in aggregate 25 per cent of the outstanding Shares in the Company. Additionally, DNB currently owns approximately 1 per cent of the outstanding Shares in the Company. Niklas Midby, Chair of Sbanken, comments: “The Board of Directors is of the opinion that the offer reflects the strong financial and strategic value of the Sbanken group and implies an attractive valuation for shareholders. We believe that Sbanken and DNB as a combined entity will be strongly positioned to compete with the global technology leaders”. Sbanken was established in 2000 as the first pure-play digital bank in Norway and was listed on the Oslo Stock Exchange in 2015. Today, the bank is positioned as one of the leading digital retail banks in Norway and has for the past 19 years been awarded for having the most satisfied banking customers. Øyvind Thomassen, CEO of Sbanken, comments: "For more than 20 years, our dedicated team has delivered superior digital banking services to highly satisfied customers. DNB has large resources, and with them as a new owner, we will have a strong foundation to continue creating services and solutions that benefit our customers. Until a potential transaction is completed, we will continue as before to deliver the best digital customer experiences". Key terms of the Offer The Company’s shareholders will be offered NOK 103.85 per Share in cash consideration. The Offer Price implies: • A premium of 29.8 per cent to the closing price of the Sbanken share on the Oslo Stock Exchange on 14 April 2021 of NOK 80.0.• A premium of 49.8 per cent to the volume weighted average share price adjusted for dividend during the last six months up to and including 14 April 2021 of NOK 69.3. • P/B and P/E multiples at the top end of the range for the listed Nordic banks, reflecting Sbanken’s track-record, returns and high-quality loan book with low risk. • A price that is at a significant premium to broker forward price targets. The Offer Price will be reduced by the amount of any dividend or other distributions made by Sbanken. The complete details of the Offer, including all terms and conditions, will be contained in an offer document (the “Offer Document”) to be sent to the Company’s shareholders following review and approval by the Oslo Stock Exchange pursuant to Chapter 6 of the Norwegian Securities Trading Act. The Offer Document is expected to be approved during the week commencing 19 April 2021. The Offer may only be accepted on the basis of the Offer Document. The Offer is not subject to any financing condition. As further detailed and specified in the Offer Document, completion of the Offer will be subject to fulfilment or waiver by the Offeror (in its sole discretion) of the following conditions: (1) valid acceptance of the Offer by eligible Sbanken shareholders to such extent that DNB becomes the owner of shares representing more than 90 per cent of the issued and outstanding shares and voting rights in the Company on a fully diluted basis (which in no event may be waived by the Offeror below an acceptance level of 2/3 of the issued and outstanding share capital and voting rights of the Company on a fully diluted basis), (2) obtaining any required regulatory approval from (i) the Financial Supervisory Authority of Norway (Nw. Finanstilsynet) and/or the Norwegian Ministry of Finance (Nw. Finansdepartementet), as applicable and (ii) the Norwegian Competition Authority (Nw. Konkurransetilsynet), including completion of any waiting periods, (3) no material adverse change in the Company having occurred, (4) the Company conducting its business in the ordinary course, (5) the board of the Company not having qualified, amended or withdrawn its recommendation of the Offer, (6) no governmental interference hindering consummation of the Offer in accordance with its terms, and (7) the Company shall not be in material breach of the agreement entered into between the Offeror and the Company in connection with the Offer. If as a result of the Offer, the Offeror acquires and holds more than 90 per cent of the total issued share capital of the Company representing more than 90 per cent of the voting rights in the Company, the Offeror intends to carry out a compulsory acquisition of the remaining shares in the Company. Also, if, as a result of the Offer, a subsequent mandatory offer or otherwise, the Offeror holds a sufficient majority of the Shares in the Company, the Offeror intends to propose to the general meeting of the Company that an application is filed with Oslo Stock Exchange to de-list the shares of the Company. The initial acceptance period in the Offer will commence following publication of the Offer Document and is expected to last for 20 business days, subject to any amendments by the Offeror. Barring unforeseen circumstances or any extensions of the acceptance period of the Offer, it is expected that the Offer will be completed in Q3 2021 following receipt of regulatory approvals. Sbanken and DNB have entered into a transaction agreement (the "Transaction Agreement") regarding the Offer. As part of the Transaction Agreement, and subject to customary conditions, Sbanken has entered into undertakings to only amend or withdraw its recommendation of the Offer if a competing offer is made, and the Board of Directors of Sbanken determines in good faith that the competing offer is capable of being completed and is more favorable to the shareholders, and the Offeror has not matched the superior offer within up to five business days. In the event the Offer is not completed due to the condition related to regulatory approvals not being satisfied, DNB shall compensate Sbanken for its external reasonable costs incurred in respect of the Offer, limited upwards to NOK 10 million. In the event the Offer is not completed due to withdrawal by the Board of Directors of Sbanken of its recommendation of the Offer, Sbanken shall compensate DNB for its external reasonable costs incurred in respect of the Offer, limited upwards to NOK 10 million. The Offer will not be made in any jurisdiction in which the making of the Offer would not be in compliance with the laws of such jurisdiction. AdvisersArctic Securities is acting as financial advisor and Advokatfirmaet Thommessen AS is acting as legal advisor to Sbanken in connection with the Offer. Investor callThe Offeror has invited investors and analysts to participate in an investor call about the Offer at 11:00 am (CET) 15 April 2021. Please see the announcement from DNB ASA for further information. Contact details Investor RelationsJesper M. Hatletveit, Head of IR, Sbanken ASA, +47 959 40 045Henning Nordgulen, CFO, Sbanken ASA, +47 952 65 990 Media ContactKristian K. Fredheim, Head of Communications, Sbanken ASA, +47 924 47 407 This information is subject to the disclosure requirements according to section 5-12 of the Norwegian Securities Trading Act. *** The Offer and the distribution of this announcement and other information in connection with the Offer may be restricted by law in certain jurisdictions. When published, the Offer Document and related acceptance forms will not and may not be distributed, forwarded or transmitted into or within any jurisdiction where prohibited by applicable law, including, without limitation, Canada, Australia, New Zealand, South Africa, Hong Kong and Japan. The Offeror does not assume any responsibility in the event there is a violation by any person of such restrictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions. This announcement is not a tender offer document and, as such, does not constitute an offer or the solicitation of an offer to acquire the Shares. Investors may accept the Offer only on the basis of the information provided in the Offer Document. Offers will not be made directly or indirectly in any jurisdiction where either an offer or participation therein is prohibited by applicable law or where any tender offer document or registration or other requirements would apply in addition to those undertaken in Norway. Notice to U.S. Holders U.S. Holders (as defined below) are advised that the Shares are not listed on a U.S. securities exchange and that the Company is not subject to the periodic reporting requirements of the U.S. Securities Exchange Act of 1934, as amended (the “U.S. Exchange Act”), and is not required to, and does not, file any reports with the U.S. Securities and Exchange Commission (the “SEC”) thereunder. The Offer will be made to holders of Shares resident in the United States (“U.S. Holders”) on the same terms and conditions as those made to all other holders of Shares of the Company to whom an offer is made. Any information documents, including the Offer Document, will be disseminated to U.S. Holders on a basis comparable to the method that such documents are provided to the Company’s other shareholders to whom an offer is made. The Offer will be made by the Offeror and no one else. The Offer will be made to U.S. Holders pursuant to Section 14(e) and Regulation 14E under the U.S. Exchange Act as a “Tier II” tender offer, and otherwise in accordance with the requirements of Norwegian law. Accordingly, the Offer will be subject to disclosure and other procedural requirements, including with respect to the offer timetable, settlement procedures and timing of payments, that are different from those that would be applicable under U.S. domestic tender offer procedures and law. Pursuant to an exemption from Rule 14e-5 under the U.S. Exchange Act, the Offeror and its affiliates or brokers (acting as agents for the Offeror or its affiliates, as applicable) may from time to time, and other than pursuant to the Offer, directly or indirectly, purchase or arrange to purchase, Shares or any securities that are convertible into, exchangeable for or exercisable for such Shares outside the United States during the period in which the Offer remains open for acceptance, so long as those acquisitions or arrangements comply with applicable Norwegian law and practice and the provisions of such exemption. To the extent information about such purchases or arrangements to purchase is made public in Norway, such information will be disclosed by means of an English language press release via an electronically operated information distribution system in the United States or other means reasonably calculated to inform U.S. Holders of such information. In addition, the financial advisors to the Offeror may also engage in ordinary course trading activities in securities of the Company, which may include purchases or arrangements to purchase such securities. Neither the SEC nor any securities supervisory authority of any state or other jurisdiction in the United States has approved or disapproved the Offer or reviewed it for its fairness, nor have the contents of the Offer Document or any other documentation relating to the Offer been reviewed for accuracy, completeness or fairness by the SEC or any securities supervisory authority in the United States. Any representation to the contrary is a criminal offence in the United States.
On 01/04/2021, AB Vilkyškių Pieninė, which belongs Vilvi Group, has completed the procurement of 70% of the qualifying holding of SIA Baltic Dairy Board. SIA Baltic Dairy Board is a Latvian company, specialising in producing and selling high value-added dairy ingredients, and milk and whey separation. According to preliminary and unaudited data, SIA Baltic Dairy Board turnover in 2020 was 4.9 million Eur, while the company’s net profit – 1.47 million Eur. Investing into SIA Baltic Dairy Board, AB Vilkyškių Pieninė aims to strengthen and develop the assortment of the group’s high value-added dairy ingredients. The new Vilvi Group company in Latvia is one of the few Northern European companies, developing and manufacturing products, used for baby foods (galactooligosaccharide products). Vilvi Group will make use of the newly-forged synergy among the current group members and the SIA Baltic Dairy Board in the processes of whey separation and raw material procurement. ‘We have been cooperating with SIA Baltic Dairy Board since 2019, purchasing whey separation service. Vilvi Group processes separated whey (drying) at the group’s brand-new plant in Tauragė, which enabled the company group to make a firm entrance into the market of dairy ingredients already last year. SIA Baltic Dairy Board products will supplement the group’s assortment of ingredients, while other operations – contribute with additional synergy in the group’s joint processes. These were the reasons that determined the decision to invest in Latvia, enabling Vilvi Group to fulfil our global promise to partners, clients and consumers – offering exceptional dairy product solutions that provide an affordable nutrition and taste experience.’ said Gintaras Bertašius, CEO of Vilvi Group. Additional information will be provided by: Gintaras BertašiusDirector GeneralPhone: +370 441 55 330
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. Interoil Exploration and Production ASA (the "Company") refers to the announcements published on 6 April 2021 in which the Company announced the commencement of the application period for a share issue (the "Share Issue") and the announcement published on 12 April 2021 regarding applications by large shareholders and extension of the application period for the Share Issue. The Company has resolved to amend the terms of the Share Issue so that the subscription price is set to NOK 1.20 per share. The maximum number of shares to be issued in the Share Issue will remain at 25,342,462, so that the maximum gross proceeds from the Share Issue will be approximately NOK 30.4 million. The previously announced applications from two of the Company's largest shareholders, Genipabu Investments LLC and Integra Oil and Gas S.A. for shares in an amount of approximately NOK 3,000,000, remain in place, and consequently cover approximately 10% of the maximum size of the Share Issue. A third shareholder, International Capital Markets Group, Inc. has also subscribed, bringing the total confirmed subscriptions to approximately 12% of the Share Issue. In addition, the Company is pleased to announce that Norwegian institutional investor MP Pensjon PK has confirmed it will participate with up to 10% of the new shares, bringing the total interest from cornerstone investors to approximately 22% of the Share Issue. The Company has also resolved to extend the application period for the Share Issue, so that the Share Issue will be open for applications until 23 April 2021 at 16:30 (CEST). Under the new timeline, allocation of the Offer Shares will take place on or about 26 April 2021. Information of allocation and payment instructions will be sent to the applicant on or about 27 April 2021 by way of a notification through VPS or a notification issued by the Company. Payment for allocated Offer Shares will fall due on 28 April 2021, and delivery of Offer Shares is expected to take place on or about 7 May 2021. The Company reserves the right to close the application period at any time at its sole discretion, at short notice. The revision of terms for the Share Issue are subject to the publication of a supplemental national prospectus registered in Norway, which will be published by the Company in a separate announcement as soon as possible. Applications already received in the Share Issue and further applications received prior to publication of the supplemental prospectus will following publication of the supplemental prospectus be adjusted in accordance with the new terms without the need to submit a new application. Further details will be provided in the supplemental prospectus. The Share Issue remains directed towards Norwegian retail and institutional investors and international institutional investors pursuant to and in compliance with applicable exemptions from relevant registration, filing and prospectus requirements, and subject to other applicable selling restrictions. The original prospectus for the Share Issue is available on the Company's web site at the following link, and the supplemental prospectus will be added thereto as soon as it has been registered and published: https://www.interoil.no/?page_id=5469 Norwegian investors with access to VPS investor services may also access the Prospectus and submit applications online by using the following link: https://investor.vps.no/sc/servlet/no.vps.sc.servlets.SCLogonServlet?ISIN=XL0010024772&TSted=000VP&Sig=d440afac9e282bab27d43d27f905c86cdc4f78f933940c6808ca09e7c2dc9caa Allocations of shares in the Share Issue will be made at the discretion of the Company's Board of Directors and the completion of the Share Issue is conditional upon approval by the Company's Board of Directors. Further information regarding the Share Issue and the terms thereof, is included in the Prospectus. Important Notice The distribution of this announcement and other information may be restricted by law in certain jurisdictions. Copies of this announcement are not being made and may not be distributed or sent into any jurisdiction in which such distribution would be unlawful or would require registration or other measures. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions. The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and accordingly may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and in accordance with applicable U.S. state securities laws. The Company does not intend to register any part of the offering or their securities in the United States or to conduct a public offering of securities in the United States. This communication is only being distributed to and is only directed at persons in the United Kingdom that are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order") or (ii) high net worth entities, and other persons to whom this announcement may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). This communication must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only for relevant persons and will be engaged in only with relevant persons. Persons distributing this communication must satisfy themselves that it is lawful to do so. This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice. This announcement is an advertisement and is not a prospectus for the purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on prospectuses to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC (as amended) as implemented in any Member State. Please direct any further questions to: firstname.lastname@example.org. This announcement has been published by Mr. Geir Arne Drangeid (Partner and Senior Advisor, First House AS) at 08:00 CEST on 15 April 2021. This information is subject of the disclosure requirements of section 5-12 of the Norwegian Securities Trading Act.