Kolar Gold Limited - Half Yearly Report

31 March 2014

 

Kolar Gold Ltd

 

Half year results for six months ended 31 December 2013

 

Kolar Gold Limited ("Kolar Gold" or the "Company"), the Indian focussed gold exploration and mine development company, announces its unaudited results for the six months ended 31 December 2013.

 

The Company recorded a loss after tax for the period of £1,578,434, (2012: £1,223,997) including a loss on the dilution of investment in an associate of £909,622 (2012: nil). The Company had £4.0m in cash and term deposits as at 31 December 2013 (2012: £6.5m).

 

The Company at the balance sheet date had the following interests:

 

·     an effective interest of 26% in Geomysore Services India Private Limited ('GMSI') GMSI;

·     a right of first refusal, in association with the Cooperative Societies of Bharat Gold Mines Limited ("BGML") ex-employees, to acquire the "BGML" mining assets through a tender process to be held by the owner, the Government of India; and

·     held cash balances of around £4.0m.

 

In addition, Kolar Gold has a management team with long standing experience and knowledge of GMSI's activities and BGML.

 

GMSI

 

On 16 August 2013 the Company announced that it had entered into a binding Heads of Agreement ("HoA") with GMSI to:

 

1.    Dissolve the 2011 agreements between the Company and GMSI through which Kolar Gold had certain rights over 14 Kolar Gold projects;

2.    Transfer the Kolar Gold exploration assets to GMSI;

3.    Cancel £300,000 of advances previously made by Kolar Gold to GMSI during the previous reporting period; and

4.    Invest £700,000 into that company to fund its working capital and to develop a number of advanced stage gold projects in India. This includes the recently granted Jonnagiri Gold Mining Lease, which already has a total JORC compliant Resource of 710k oz.

 

In exchange for the above consideration Kolar Gold acquired a 30% interest in GMSI, and Kolar Gold's chief executive, Nick Spencer, has joined the Board of GMSI.

 

In November 2013 GMSI awarded shares to Thriveni Earthmovers Private Limited ('Thriveni') in consideration for the provision of exploration and mining services to develop the Jonnagiri mining lease project. As a result Kolar Gold now has an effective interest in GMSI of 26%.

 

Subsequent to the Company's investment in GMSI, Deccan Gold Mines (DGM), an Indian focussed gold exploration company listed on the Bombay Stock Exchange (BSE),  announced its in principle agreement for an amalgamation with GMSI with a view to creating a unique BSE listed large portfolio of India gold exploration and development interests. The amalgamation is subject to valuations and share swap ratios being agreed between the parties and the shareholders of GMSI receiving a detailed and binding proposal from DGM.

 

The Board of Kolar Gold has not received any definitive proposal in connection with its interests in GMSI to consider at this point. Should it do so it will consider the merits of the proposal and whether its implementation would be in the best interest of Kolar Gold's shareholders. The Board will report to shareholders if and when it is appropriate to do so.

 

In the meantime, GMSI is proceeding with exploration and drilling activities. Two core drill rigs have commenced operating at Jonnagiri in recent weeks to upgrade and expand the defined gold resource.

 

As at 31st December 2013 the Company valued its investment in GMSI at £5.851million.

 

BGML Tender

 

Kolar Gold is jointly pursuing, with the Cooperative Societies of BGML ex-employees, the acquisition and revival of the historic Kolar Gold Fields which has produced 25 million ounces of gold at 15.9 grams per tonne over 120 years until closure in 2001.

 

In July 2013, the Supreme Court of India instructed the Government of India to proceed with the tender sale and mine revival of the historic BGML gold mines at Kolar Gold Fields.

 

In December 2013, Mecon Limited was appointed by the Government to manage the tender process on its behalf. A final tender document is expected to be issued to interested and qualifying parties in 2014.

 

The BGML ex-employees Society and Kolar Gold, as their Technical and Financial collaborator has a right of first refusal to acquire the BGML mine assets and fully revive the historic gold mine and community.

 

Cash Balances and Working Capital

 

The strategic changes initiated by the Company in 2013 have resulted in a reduction in ongoing overheads incurred during the half-year (£605,000) and the investment in GMSI has removed any further obligations (in respect of tenement rights) to the company. Kolar Gold is no longer required to directly carry out exploration activities on tenements as the Company now has exposure to GMSI's increased and considerable gold licence area portfolio.

 

As at 31 December 2013 the Company's cash balances were £4m and at the date of this report are around £3.7m.

 

Harvinder Hungin, Chairman of Kolar Gold Limited, commented:

 

"Kolar Gold is pursuing two strategies to develop a substantial gold exploration and development business in India. First, through its investment in GMSI, which may amalgamate with DGM to create India's largest gold company listed on the Bombay Stock Exchange. Secondly, after many years of work we are approaching the launch of the tender process for the privatisation of BGML, the acquisition of which, on acceptable terms, has been a long standing goal of Kolar Gold. We have also minimised the cash burn to preserve resources to enable Kolar Gold to participate at the level afforded by our current resources or further, through Kolar Gold potentially raising further capital . Major progress on both fronts is anticipated this year, although India remains a challenging and unpredictable environment in which to be certain as to timing"

 

Nick Spencer, Chief Executive Officer of Kolar Gold Limited, commented:

 

"Through our investment in GMSI and the forthcoming BGML tender we are positioning ourselves to have access to later stage gold projects to pursue and develop. In GMSI, the two core rigs are now operational full-time in order to potentially upgrade and expand this gold resource at the Jonnagiri Mining License to over 1Moz of gold. The necessary preparatory work to prepare for GMSI's possible amalgamation with DGM is proceeding well, which will enable an assessment to be made of the merits of the amalgamation and its benefits to Kolar Gold shareholders. In anticipation of the BGML tender, we are preparing our resources with the Employee Societies to put ourselves in the position of being able to secure this important gold asset."

 

 

_____________________

 

The Board

 

 

 

For further information please contact:

 

Kolar Gold Limited

 

Nick Spencer / Chris Clowes

+61414874491 / +61417197288

N + 1 Singer (Nomad and Joint Broker)

James Maxwell / Jen Boorer

+44 20 7496 3000

Pareto Securities (Joint Broker)

Will Slack

+44 20 7786 4371

Tavistock Communications

 

Ed Portman / Nuala Gallagher

+44 20 7920 3150

 

About Kolar Gold Limited:

 

Kolar Gold is an Indian gold exploration and development company, listed on the AIM market (Ticker: KGLD) and an experienced international board and strong local partners.

 

Kolar Gold is an investor in GMSI, an Indian exploration and development company with a large portfolio of gold assets in the Kolar Gold Belt and the rest of India. The Kolar Gold Belt is one of the most prospective underdeveloped Archaean Greenstone Belts in the world and is regarded by Mr Andrew J Vigar of Mining Associates Limited, the Competent Person, as comparable to the Archaean Greenstone Belts of South Africa, Canada and Western Australia which have similar geology, structure and style of mineralisation. This project area includes 32 known mineralised prospects and covers 568 square kilometres in the southern states of Andhra Pradesh, Karnataka and Tamil Nadu. GMSI has also recently been awarded the Jonnagiri Gold Mining License for development.

 

Kolar Gold is also jointly pursuing, with the BGML mine employee unions, the acquisition and revival of the neighbouring historic Kolar Gold Fields which has produced 25 million ounces of gold at 15.9 grams per tonne over 120 years until closure in 2001.

 

Condensed consolidatedstatement of comprehensive income (unaudited)

for the six months ended 31 December


Note

Six months ended

31 December

2013

(unaudited)
£

Six months ended

31 December

2012
(unaudited)

£

Year ended

30 June 2013

(audited)

 

 

£






SUN Mining warrants issued for services


-

(52,287)

(77,542)

Options issued to directors


(21,723)

(20,421)

(21,649)

Administrative expenses


(605,413)

(682,695)

(1,438,250)

Advisory and due diligence - GMSI and other prospective gold assets


(19,260)

(526,626)

(741,671)

Dilution of investment in associate


(909,622)

-

-

Foreign exchange gains


8,752

-

-

Loss from operating activities


(1,547,266)

(1,282,029)

(2,278,845)






Finance income

6

30,798

58,520

99,188

Finance costs


(497)

(488)

(14,271)

Net finance costs


30,301

58,032

84,917






Share of loss of associate


(61,469)

-

-

 

Loss before tax


(1,578,434)

(1,223,997)

(2,193,928)

 

Income tax expense


-

-

-

 

Loss for the period


(1,578,434)

(1,223,997)

(2,193,928)

 

Other comprehensive income

Foreign exchange translation losses


(35,417)

(5,775)

(5,510)

 

Total comprehensive income for the period


(1,613,851)

(1,229,772)

(2,199,438)






Basic and diluted loss per share (p)


1.5

1.2

2.1

 

The condensed notes are an integral part of the condensed consolidated interim financial statements.

 

 

Condensed consolidated statement of financial position (unaudited)

as at 31 December 2013

 


Note

31 December

2013

£

(unaudited)

31 December 2012

£

(unaudited)

30 June

2013

£

(audited)

Non-current assets





Plant and equipment


18,807

22,556

19,674

Investment in associate

6

5,851,077

-

-

Exploration and evaluation assets

6

-

5,807,365

6,122,168

Total non-current assets


5,869,884

5,829,921

6,141,842






Current assets





Prepayments and other current assets


33,209

58,628

27,506

Trade and other receivables


5,597

260,422

29,544

Term deposits


2,350,207

-

4,671,734

Cash and cash equivalents


1,633,685

6,452,196

698,817

Total current assets


4,022,698

6,771,246

5,427,601






Total assets


9,892,582

12,601,167

11,569,443






Current liabilities





Trade and other payables


256,744

369,534

321,450

Employee benefits


116,416

175,972

134,760

Total current liabilities


373,160

545,506

456,210






Non-current liabilities





Employee benefits


2,923

3,850

4,606

Total non-current liabilities


2,923

3,850

4,606






Total liabilities


376,083

549,356

460,816

Net assets


9,516,499

12,051,811

11,108,627






Equity





Share capital

7

7,440,546

7,236,388

7,440,546

Share premium reserve


15,690,724

15,803,741

15,690,724

Reserves


3,811,216

3,889,304

3,824,910

Accumulated losses


(17,425,987)

(14,877,622)

(15,847,553)

 

Total equity


9,516,499

12,051,811

11,108,627

These financial statements were approved by the Board of Directors on 31 March 2014 and were signed on its behalf by:

 

________________________

Stephen Coe

Director

 

The condensed notes are an integral part of the condensed consolidated interim financial statements.

 

Condensed consolidated statement of changes in equity (unaudited)

for the six months ended 31 December


Share capital

 

Share premium reserve

Options

reserves

Foreign currency translation reserve

Accumulated losses

Total equity

(Unaudited)

£

£

£

£

£

£

Balance at 1 July 2013

7,440,546

15,690,724

3,816,304

8,606

(15,847,553)

11,108,627

Total comprehensive income for the period







Loss for the period

-

-

-

-

(1,578,434)

(1,578,434)

Other comprehensive income - foreign exchange translation variances

-

-

-

(35,417)

-

(35,417)

Total comprehensive income for the period:

-

-

-

(35,417)

(1,578,434)

(1,613,851)

Contributions by and distributions to owners:







Issue of ordinary shares

-

-

-

-

-

-

Equity-settled transactions for the period

-

-

21,723

-

-

21,723

Total contributions by and distributions to owners:

-

-

21,723

-

-

21,723

Balance at 31 December 2013

7,440,546

15,690,724

3,838,027

(26,811)

(17,425,987)

9,516,499

 

(Audited)







Balance at 1 July 2012

7,010,625

15,700,535

4,081,682

14,116

(13,653,625)

13,153,333

Total comprehensive loss for the year







Loss for the year

-

-

-

-

(2,193,928)

(2,193,928)

Other comprehensive income - foreign exchange translation variances

-

-

-

(5,510)

-

(5,510)

Total comprehensive loss for the period:

-

-

-

(5,510)

(2,193,928)

(2,199,438)

Contributions by and distributions to owners:







Exercise of SUN warrants

408,318

(43,749)

(364,569)

-

-

-

Other issues of ordinary shares

21,603

33,938

-

-

-

55,541

Equity-settled transactions for the period

-

-

99,191

-

-

99,191

Total contributions by and distributions to owners:

429,921

(9,811)

(265,378)

-

-

154,732

Balance at 30 June 2013

7,440,546

15,690,724

3,816,304

8,606

(15,847,553)

11,108,627








 

 

The condensed notes are an integral part of the condensed consolidated interim financial statements.

 

Condensed consolidated Statement of Cash Flows (unaudited)

for the six months ended 31 December


Six months ended

31 December

2013

(unaudited)

Six months ended

31 December

2012
(unaudited)

Year ended

30 June 2013

(audited)

 

 


£

£

£

 

Cash flows from operating activities




 

Loss for the period

(1,578,434)

(1,223,997)

(2,193,928)

 

Adjustments for:




 

Depreciation

2,181

3,332

6,410

 

Share of loss of associate

61,469

-

-

 

Dilution of investment in associate

909,622

-

-

 

Net finance costs/(income)

(30,301)

(58,032)

(84,917)

 

Unrealised foreign exchange (gains)/losses

(49,584)

(1,483)

14,716

 

Equity-settled share-based payment transactions

21,723

80,000

99,191

 

Operating loss before changes in working capital and provisions

(663,324)

(1,200,180)

(2,158,528)

 

Change in trade and other receivables

8,220

(206,719)

21,021

 

Change in other current assets

(5,703)

(7,942)

23,181

 

Change in trade and other payables

(64,706)

14,916

(51,755)

 

Change in employee benefits

(20,027)

(2,126)

(42,582)

 

Cash used in operating activities

(745,540)

(1,402,051)

(2,208,663)

 

Interest and finance costs paid

(497)

(488)

(14,271)

 

Net cash used in operating activities

(746,037)

(1,402,539)

(2,222,934)

 

 

 




 

Cash flows from investing activities




 

Interest received

46,525

59,641

103,447

 

Funds (placed on)/taken off term deposit

2,321,527

-

(4,671,734)

 

Payments for investment in associate

(700,000)

-

-

 

Payments for exploration and evaluation assets

-

(331,857)

(676,323)

 

Payments for plant and equipment

(1,314)

(650)

(846)

 

Net cash used in investing activities

1,666,738

(272,866)

(5,245,456)

 

 

 




 

Cash flows from financing activities




 

 

Proceeds from issues of equity securities

-

-

55,541

 

 

Net cash from financing activities

-

-

55,541

 

 

Net increase/(decrease) in cash and cash equivalents

920,701

(1,675,405)

(7,412,849)

 

 

Foreign exchange gain/(loss) on closing cash balances

14,167

(4,291)

(20,226)

 

 

 

Cash and cash equivalents at 1 July

698,817

8,131,892

8,131,892

 

 

 

Cash and cash equivalents at 31 December

1,633,685

6,452,196

698,817

 

 

The condensed notes on are an integral part of the condensed consolidated interim financial statements.

 


Kolar Gold Limited

Notes to the condensed consolidated interim financial statements

for the six months ended 31 December 2013

1

Reporting entity


Kolar Gold Limited (the 'Company') is a company incorporated and registered in Guernsey and its shares are traded on AIM in London. The condensed consolidated interim financial statements of the Company as at and for the six months ended 31 December 2013 comprises the Company and its subsidiaries (together referred to as the "Group"). The Group primarily is involved in the exploration and development of mining assets in the Kolar Belt with GMSI, its Indian partner, and the potential acquisition of the mining assets of BGML from the GoI.

The consolidated annual financial report of the Group as at and for the year ended 30 June 2013 is available upon request from the Company's registered office at Frances House, Sir William Place, St. Peter Port, Guernsey GY1 4HQ.

2

Statement of compliance


These condensed consolidated interim financial statements have been prepared in accordance with IAS 34 Interim Financial Reporting. They do not include all of the information required for full annual financial statements and should be read in conjunction with the consolidated financial statements of the Group as at and for the year ended 30 June 2013.

These condensed interim consolidated financial statements were approved by the Board of Directors on 31 March 2014.

3

Significant accounting policies


The accounting policies applied by the Group in these condensed consolidated interim financial statements are the same as those applied by the Group in its consolidated financial statements as at and for the year ended 30 June 2013.

4

Going concern


These condensed consolidated interim financial statements have been prepared on the basis of accounting principles applicable to Kolar Gold being a "going concern" which assumes the Group will continue in operation for at least 12 months from the date of these interim financial statements and will be able to realise its assets and discharge its liabilities in the normal course of operations.

As an investor in an exploration company, the Group currently has no source of operating cash inflows, other than interest income, and has incurred net operating cash outflows for the six months ended 31 December 2013 of £745,540 (2012: £1,402,051). During this period, the Company received no net financing inflows (2012: nil) and applied £nil (2012: £331,857) to mineral exploration at the South Kolar PL area. During the six months ended 31 December 2013, £700,000 (2012: £nil) was paid for the acquisition of a shareholding in GMSI, as detailed in full in Note 6.

At 31 December 2013 the Group had cash balances, including term deposits, of £3,983,892 (30 June 2013: £5,370,551) and a surplus in net working capital (current assets less current liabilities) of £3,649,538 (June 2013: £4,971,391). 

The Directors have prepared forecasts to continue its operations, including the pursuit of the BGML assets, well beyond March 2015.

 

The Company will have to raise funds in the event that the Company's tender offer for the BGML assets is successful, and/or the Company substantially increases its Indian investments.

 


The directors consider that the Group has adequate resources to continue its operations for at least 12 months from the date of these interim financial statements. Notwithstanding the above, there can be no certainty in this matter and the financial statements do not include any adjustments that would be necessary should the going concern basis not be appropriate.

5

Estimates


The preparation of interim financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expense. Actual results may differ from these estimates.

In preparing these condensed consolidated interim financial statements, the significant judgements made by management in applying the Group's accounting policies and the key sources of estimation uncertainty were the same as those that applied to the consolidated financial statements as at and for the year ended 30 June 2013.

6

Investment in associates


 

In 2010 the Group entered into a contract to acquire the rights to gold assets in the North Kolar, South Kolar and East Kolar permit areas of India. The mining assets comprise mineral exploration rights in these permit areas. The Group was committed, but not obligated, to acquire the rights when, and only when, they have been approved by the Government of India.  At 30 June 2013, a commitment existed in relation to this acquisition of £4,716,981.

 

In August 2013 the Group entered into a Heads of Agreement with GMSI to dissolve the above contract and return all rights in the Kolar Gold Projects to GMSI.  In consideration for the return of all tenement rights to GMSI, the cancellation of a £300,000 loan made by KGL to GMSI last year, and a cash consideration of £700,000, the Group acquired a 30% equity interest in GMSI.

 

GMSI will be accounted for as an associate because, while the Group has significant influence over GMSI, it does not have control, and it will be accounted for on an equity accounting basis.  The fair value of the investment in GMSI at the time of the acquisition was equivalent to the cost and fair value of the assets surrendered of £6,822,168, and this amount has been determined to be the acquisition cost of the investment in an associate.

 


 

In November 2013 GMSI granted shares to a third party amounting to 20% of GMSI's issued capital, in exchange for the provision of services.  As a result of this transaction and the purchase arrangements, the Group's equity holding of GMSI fell to an effective interest of 26%.  Based on the above, between the date of acquisition and 31 December 2013, the Group suffered a loss on dilution in its investment totalling £909,622.

 


The carrying value of the investment in an associate is determined as follows:


Investment in an associate

£



Acquisition cost

6,822,168



Dilution of investment

(909,622)



Share of loss of associate

(61,469)



Total

5,851,077


7

Share capital


Issuance of ordinary shares




Ordinary shares

(Nominal value 7p per share)





Six months ended

31 December 2013

(unaudited)
'000

Year ended 30 June 2013

(audited)
'000


Opening balance



106,294

100,152


Issued upon the exercise of warrants



-

5,833


Issued as settlement of debt



-

309


Closing balance



106,294

106,294


 

No shares were issued during the period.

All shares issued by the Company are 'ordinary' shares and rank equally in all respects, including for dividends, shareholder attendance and voter rights at meetings, on a return of capital and in a winding-up.

Dividends

No dividends were declared nor paid during the six months ended 31 December 2013 (2012: nil).

 

 

8

Share-based payments

 


a) Options

 


The Company has issued options to directors, employees and long-term consultants to compensate them for services rendered and incentivise them to add value to the Group's longer term share value. They comprise Reward Options in exchange for the provision of services and Bonus Options, which are only receivable upon the Company's shares being admitted to trading on a stock exchange.

On 27 November 2013, in line with their letters of appointment, 400,000 options were issued to non-executive directors with an exercise price of 6.38p and a term of 5 years.

The following unexpired options existed as at 31 December 2013.

 

 


Name

Date of Grant

Ordinary Shares under option

Expiry Date

Exercise Price £

 


Norman Coldham-Fussell

17.6.11

675,000

17.06.14

0.40

 


Nicholas Taylor Spencer

17.6.11

1,350,000

17.06.14

0.40

 


Richard Johnson

17.6.11

675,000

17.06.14

0.40

 


Harvinder Hungin

10.6.11

450,000

10.06.16

0.40

 


Stephen Coe

10.6.11

350,000

10.06.16

0.40

 


Stephen Oke

10.6.11

350,000

10.06.16

0.40

 


Harvinder Hungin

31.12.12

150,000

31.12.17

0.0838

 


Stephen Coe

31.12.12

125,000

31.12.17

0.0838

 


Stephen Oke

31.12.12

125,000

31.12.17

0.0838

 


Harvinder Hungin

27.11.13

150,000

27.11.18

0.0638

 


Stephen Coe

27.11.13

125,000

27.11.18

0.0638

 


Stephen Oke

27.11.13

125,000

27.11.18

0.0638

 




4,650,000






b) Warrants


No warrants were issued during the period.

 

The following unexercised warrants existed as at 31 December 2013:

 


Name

Date of Grant

Ordinary Shares under option

Expiry Date

Exercise Price

£


Broker warrants Series 1

5.5.11

1,300,000

17.6.14

0.40


Broker warrants Series 2

17.6.11

1,500,000

17.6.14

0.60




2,800,000




Each warrant entitles the holder to subscribe for one ordinary share in the Company. The holder must exercise the warrants no later than 30 days after the expiry date. Warrants do not confer any voting rights on the holder.

 

9

Operating segments


The Group currently has one operating segment, being the exploration for gold in India.

10

Subsequent events


 

There have been no significant events subsequent to the balance sheet date to report that would alter the financial statements as at 31 December 2013 or require disclosure.

 

2011 2012 2013 2014 2015 2016 2017 News Archive
DATE HEADLINE
2011-12-09 07:00:16 Kolar Gold Limited - Issue of Shares to Director
2011-12-08 17:24:46 Kolar Gold Limited - Result of AGM
2011-12-06 07:00:23 Kolar Gold Limited - South Kolar Gold Project - Drilling Update
2011-11-14 07:00:30 Kolar Gold Limited - Final Results
2011-11-07 08:59:27 Kolar Gold Limited - Kolar confirms three IP anomalies in South Kolar
2011-08-15 07:00:08 Kolar Gold Limited - South Kolar licence area - drilling update
2011-06-27 10:15:00 Kolar Gold Limited - Holding(s) in Company
2011-06-21 10:45:01 Kolar Gold Limited - Holding(s) in Company
2012-12-31 11:44:43 Kolar Gold Limited - Issue of Shares, etc
2012-12-31 10:51:13 Kolar Gold Limited - Result of AGM
2012-12-10 16:50:09 Kolar Gold Limited - Final Results
2012-12-07 15:03:38 Kolar Gold Limited - Composition of Board
2012-11-09 12:05:01 Kolar Gold Limited - Adviser Change of Name
2012-06-13 07:01:00 Kolar Gold Limited - Maiden Resource Statement - Mallappakonda
2012-04-02 07:00:13 Kolar Gold Limited - Positive drill results at Mallappakonda Deposit
2012-03-30 10:10:59 Kolar Gold Limited - Half Yearly Report
2012-02-29 07:00:34 Kolar Gold Limited - Change of Adviser
2013-12-20 10:29:50 Kolar Gold Limited - Result of AGM
2013-12-10 07:00:07 Kolar Gold Limited - Statement re Deccan Gold Announcement
2013-11-28 16:40:55 Kolar Gold Limited - Notice of AGM
2013-11-27 17:14:56 Kolar Gold Limited - Issue of Options
2013-11-20 07:00:03 Kolar Gold Limited - Final Results
2013-10-28 07:00:15 Kolar Gold Limited - Jonnagiri Mining Lease Granted
2013-08-19 07:00:06 Kolar Gold Limited - HoA with GMSI and Board Changes
2013-07-17 07:00:07 Kolar Gold Limited - BGML Mines Tender Update
2013-07-11 07:01:22 Kolar Gold Limited - BGML Mine Update
2013-07-03 07:44:25 Kolar Gold Limited - Holding(s) in Company
2013-06-06 15:09:26 Kolar Gold Limited - Holding(s) in Company
2013-04-03 07:00:05 Kolar Gold Limited - Exercise of Warrants and Issue of Shares
2013-03-25 07:13:28 Kolar Gold Limited - Half Yearly Report
2013-01-28 07:00:06 Kolar Gold Limited - Trading Update
2013-01-04 10:10:02 Kolar Gold Limited - Admission of Ordinary Shares
2014-12-22 16:02:58 Kolar Gold Limited - Result of AGM
2014-11-28 07:00:23 Kolar Gold Limited - Notice of AGM
2014-11-27 07:53:24 Kolar Gold Limited - Final Results
2014-11-27 07:00:11 Kolar Gold Limited - GMSI Investment and Jonnagiri Update
2014-07-24 10:11:06 Kolar Gold Limited - Director/PDMR Shareholding
2014-07-15 07:00:16 Kolar Gold Limited - Company Update
2014-03-31 11:39:42 Kolar Gold Limited - Half Yearly Report
2014-03-13 09:35:44 Kolar Gold Limited - Holding(s) in Company
2014-02-11 09:26:51 Kolar Gold Limited - Holding(s) in Company
2015-12-31 12:02:55 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) Kolar Gold
2015-12-31 10:40:22 Kolar Gold Limited - Result of AGM
2015-12-22 18:34:11 John George Rodway - Form 8.3 - Kolar Gold Limited
2015-12-22 11:54:12 Kolar Gold Limited - FORM 8 PUBLIC OPENING POSITION DISCLOSURE
2015-12-18 10:26:37 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) - Kolar Gold Ltd
2015-12-17 10:46:09 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI)- Kolar Gold
2015-12-15 09:01:54 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) - Kolar Gold Ltd
2015-12-14 11:35:13 Kolar Gold Limited - Notice of AGM
2015-12-10 11:48:13 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) - Kolar Gold Ltd
2015-12-09 10:24:28 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) - Kolar Gold
2015-12-08 07:00:07 Kolar Gold Limited - Final Results, Board Changes & Offer Period
2015-11-16 07:00:04 Kolar Gold Limited - Replacement: Change of Registered Office
2015-11-11 07:00:10 Kolar Gold Limited - Change of Registered Office
2015-09-16 09:55:20 Kolar Gold Limited - Holding(s) in Company
2015-09-15 17:55:38 Kolar Gold Limited - Statement re. Press Comment
2015-03-30 11:34:09 Kolar Gold Limited - Half Yearly Report
2015-02-03 14:44:37 Kolar Gold Limited - Holding(s) in Company
2016-12-28 11:50:30 Result of AGM
2016-12-09 07:00:08 Kolar Gold Limited - Final Results
2016-11-23 07:00:08 Kolar Gold Limited - Appointment of New Director
2016-11-01 07:00:06 Kolar Gold Limited - Gold Trading Platform JV and Strategic Investment
2016-10-21 07:00:07 Kolar Gold Limited - Indian Resource Size Increase
2016-10-13 07:00:08 Kolar Gold Limited - Finland Gold Joint Venture MOU Signed
2016-09-30 17:10:02 Kolar Gold Limited - Directorate Change
2016-09-19 14:52:48 Kolar Gold Limited - Holding(s) in Company
2016-09-15 14:01:17 Kolar Gold Limited - Operational Review and Strategic Update
2016-08-22 07:25:32 Kolar Gold Limited - Holding(s) in Company
2016-08-03 11:26:37 Kolar Gold Limited - Holding(s) in Company
2016-08-02 09:36:38 Kolar Gold Limited - Holding(s) in Company
2016-08-01 11:13:47 Kolar Gold Limited - Holding(s) in Company
2016-07-29 15:10:42 Kolar Gold Limited - Holding(s) in Company
2016-07-29 08:23:30 Kolar Gold Limited - Change of Website Address
2016-07-27 14:04:50 Kolar Gold Limited - Result of General Meeting and Director's Dealing
2016-07-12 09:59:30 Kolar Gold Limited - Change of Adviser
2016-07-12 07:00:07 Kolar Gold Limited - Change of Adviser
2016-07-12 07:00:07 Kolar Gold Limited - Placing, Board Changes and General Meeting
2016-07-07 13:40:29 Kolar Gold Limited - Funding Approved at GMSI EGM
2016-07-06 07:00:07 Kolar Gold Limited - Update on GMSI - Drilling and Study
2016-06-10 16:36:19 Kolar Gold Limited - Director Notification
2016-06-10 16:35:03 Kolar Gold Limited - Director Notification
2016-06-07 17:07:27 Kolar Gold Limited - Stmnt re Share Price Movement
2016-04-19 09:55:52 Kolar Gold Limited - Change of Adviser
2016-04-01 08:56:57 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) - Kolar Gold Ltd
2016-03-31 11:08:18 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) -Kolar Gold Ltd
2016-03-30 13:45:07 Kolar Gold Limited - Half Yearly Report & Strategic Review Update
2016-03-30 11:50:41 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) - Kolar Gold Ltd
2016-03-29 09:12:49 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) - Kolar Gold Ltd
2016-03-24 10:23:11 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) - Kolar Gold Ltd
2016-03-23 17:30:02 Damille Investments II Limited - Form 8.3 Disclosure Kolar Gold
2016-03-23 11:24:47 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) - Kolar Gold Plc
2016-03-22 10:36:53 Neil Greetham - Form 8.3 - Kolar Gold Limited
2016-03-22 10:31:58 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) - Kolar Gold Plc
2016-03-21 11:43:00 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) - Kolar Gold Plc
2016-03-18 12:23:44 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) - Kolar Gold
2016-03-18 10:22:09 Grant Stevens - Form 8.3 - Kolar Gold Limited
2016-03-17 10:39:12 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) - Kolar Gold
2016-03-16 11:14:47 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) - Kolar Gold
2016-03-15 11:49:18 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) - Kolar Gold
2016-03-14 18:00:00 Paul Johnson - Form 8.3 - Kolar Gold
2016-03-14 11:24:37 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) - Kolar Gold
2016-03-11 08:51:10 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) - Kolar Gold
2016-03-10 11:26:44 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) - Kolar Gold
2016-03-09 10:51:15 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) - Kolar Gold
2016-03-08 11:44:06 Kolar Gold Limited - Statement Re: Share Price Movement
2016-03-08 09:30:27 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) - Kolar Gold
2016-03-07 15:03:48 Andrew Neal - Form 8.3 - KOLAR GOLD
2016-03-07 12:07:06 Grant Stevens - Form 8.3 - Kolar Gold
2016-03-07 11:03:41 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) - Kolar Gold
2016-03-04 11:18:03 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) - Kolar Gold
2016-02-29 10:35:18 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) - Kolar Gold
2016-02-29 07:00:09 Grant Stevens - Form 8.3 - Kolar Gold Limited
2016-02-26 09:59:12 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) - Kolar Gold
2016-02-26 08:08:14 Peter Allaway - Form 8.3 - Kolar Gold
2016-02-12 14:54:35 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) - Kolar Gold amend
2016-02-12 10:05:13 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) - Kolar Gold
2016-02-09 11:04:28 Kolar Gold Limited - Form 8.3 - Kolar Gold
2016-02-09 10:40:15 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) - Kolar Gold
2016-02-08 11:58:00 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) - Kolar Gold
2016-02-04 14:08:01 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) - Kolar Gold
2016-02-03 11:57:00 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) - Kolar Gold
2016-02-02 11:08:17 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) - Kolar Gold
2016-02-01 11:12:55 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) - Kolar Gold
2016-01-29 11:51:10 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) - Kolar Gold
2016-01-28 14:28:00 Paul Johnson - Form 8.3 - Kolar Gold plc - Amendment
2016-01-27 15:22:57 Kolar Gold Limited - Replacement - Form 8.3 - Kolar Gold
2016-01-27 12:45:24 Kolar Gold Limited - Form 8.3 - Kolar Gold
2016-01-27 10:01:23 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) - Kolar Gold
2016-01-20 16:58:48 Kolar Gold Limited - Form 8.3 - Kolar Gold
2016-01-20 16:36:00 Paul Johnson - Form 8.3 - Kolar Gold plc
2016-01-20 09:37:56 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) - Kolar Gold
2016-01-19 12:02:02 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) - Kolar Gold
2016-01-18 11:10:49 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) - Kolar Gold
2016-01-14 10:18:45 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) - Kolar Gold
2016-01-13 09:13:34 Nplus1 Singer Capital Markets Ltd - Form 8.5 (EPT/RI) - Kolar Gold Ltd
2016-01-11 14:53:17 David Budd - Form 8.3 - Kolar Gold
2016-01-07 16:32:24 Kolar Gold Limited - Form 8.3 - Kolar Gold
2017-06-22 12:51:05 Lionsgold Limited - Holding(s) in Company
2017-06-08 07:00:04 Lionsgold Limited - Strategic Placing; Director/PDMR Shareholding
2017-05-31 15:38:50 Lionsgold Limited - Indian Gold Portfolio Valuation and Project Update
2017-05-16 07:00:08 Lionsgold Limited - Gold ownership platform goes live
2017-05-03 11:53:24 Lionsgold Limited - Fintech Gold Increased Position
2017-03-30 07:00:07 Lionsgold Limited - Interim Financial Statements
2017-03-14 07:00:13 Lionsgold Limited - India Gold Resource Upgrade and Broker Appointment
2017-02-28 09:33:52 Lionsgold Limited - Broker Change and Finland Gold Update
2017-02-23 16:20:01 Kolar Gold Limited - Result of General Meeting and Change of Name
2017-02-02 07:00:10 Kolar Gold Limited - Proposed Change of Name
2017-01-18 08:45:02 Kolar Gold Limited - Operational update & issue of Director options
2017-01-17 11:25:04 Kolar Gold Limited - Holding(s) in Company
2017-01-05 07:00:07 Kolar Gold Limited - Finland Gold Update