Justin Tooth Executive – Chairman – Ferrum Crescent LTD
LSE Share Talk has an exclusive interview with Justin Tooth, Executive Chairman of Ferrum Crescent LTD #FCR
Nil-cost Extension of Option to Acquire Interests in Lead-Zinc Exploration Projects in Spain RNS on 22nd July 2016 http://www.investegate.co.uk/ferrum-crescent-ltd–fcr-/rns/extension-of-option/201607220700069281E/
Justin explains the one month extension on the Spain option, This extra month helps Ferrum get the correct and best terms in place in the final purchase documentation. With both parties (FCR & Crestgate) working hard to make it happen within the next few weeks.
Quarterly Activities and Cashflow Report For the period ended 30 June 2016 RNS released last Friday http://www.investegate.co.uk/ferrum-crescent-ltd–fcr-/rns/quarterly-activities-and-cashflow-report/201607220800039339E/
Justin talks about the Moonlight Iron Ore Project, South Africa and the attention it is attracting since Share Talk last spoke with him. In early May 2016, the Company received the proceeds of a £650,000 (gross) fundraising further to the completion of a placing and subscription of, in aggregate, 500m new ordinary shares with 500m options attached entitling the holders to subscribe for up to a further 500m shares at a price of 0.165 pence per share over a two year period from 23 June 2016.
Today we see #FCR in a much stronger financial position with warrants waiting to be exercised that will raise funds for future company activity.