Sunridge Gold reports that the Board of Directors has been assessing the obligations of the Company in order to allow them to determine and announce the amount and timing of the second return of capital distribution of C$0.03 per share to shareholders and the planned date of the dissolution of the Company. The Company must pay or make provision for [...]
Sunridge Gold advises that the second and final instalment of US$7.33 million has been received from Sichuan Road & Bridge Mining Investment Development Corp. Ltd. for the purchase of the Company’s 60% interest in the Asmara Mining Share Company. In addition, the Company has also received the final accrued interest payment from the Eritrean [...]
Sunridge Gold advises that Computershare, the Company’s transfer agent, will close the Company’s shareholder register at the close of business May 18, 2016 and requests to transfer shares after this date will be rejected. The Company’s shares were de-listed from trading on the TSX Venture Exchange and the OTCQX on May 13, 2016, to [...]
Sunridge Gold confirms that its shares and warrants were de-listed from trading on the TSX Venture Exchange on Friday, May 13, 2016. Shareholders of record on May 18, 2016 will be entitled to a return of capital to be paid in two distributions. The first distribution will be paid to the Record Date Shareholders within 5 days of the Record Date [...]
Sunridge Gold reports that an estimated total amount of $88.7 million will be distributed in two distributions as a return of capital to its shareholders of record on May 18, 2016, the date the Board of Directors has determined as the record date. Sunridge will apply to the TSX Venture Exchange to have both its shares and share purchase warrants [...]
Sunridge is pleased to announce that Sichuan Road & Bridge Mining Investment Development and the Company have completed the purchase and sale of Sunridge’s 60% interest in the Asmara Mining Share Company on April 26, 2016. Sunridge has confirmed payments aggregating US$68.6 million have been received or are in transit: US$65 million by SRBM [...]
Sunridge Gold provides an update to our April 13, 2016 press release that announced closing of the purchase and sale of Sunridge’s 60% interest in the Asmara Mining Share Company to Sichuan Road & Bridge Mining Investment Development is taking place in Asmara, Eritrea and it will be completed on April 26, 2016 not April 25, 2016 as previously [...]
Sunridge Gold is pleased to report that the Company has received a favorable decision in its appeal heard by the Federal Court of Canada which has now set aside the January 9, 2015 final order of garnishment of Delizia Limited and as a consequence the required C$2.2 million standby letter of credit has been cancelled. As reported on June 17, 2015 [...]
Sunridge Gold is pleased to announce that Sichuan Road & Bridge Mining Investment Development has recently provided Sunridge an update on the status of approvals from the Chinese regulators. SRBM and Sunridge have agreed that closing of the sale of Sunridge’s shares of Asmara Mining Share Company to SRBM will now occur in Asmara on April 25 [...]
Sunridge Gold is pleased to announce that Sichuan Road & Bridge Mining Investment Development has informed Sunridge that it now expects to receive the final Chinese regulatory approvals necessary for SRBM’s purchase of Sunridge’s 60% interest in the Asmara Mining Share Company to allow closing on April 18, 2016. These final approvals [...]
Sunridge Gold is pleased to announce that Sichuan Road & Bridge Mining Investment Development Corp. Ltd. has informed Sunridge that it has received regulatory approvals within China from the Sichuan provincial government and the Sichuan State-Owned Asset Supervision and Administration Commission of the State Council for SRBM's purchase of the 60 [...]
Sunridge Gold is pleased to announce that its shareholders voted in favour of all resolutions brought before them at the Sunridge extraordinary shareholder meeting held Friday, January, 22, 2016. A total of 83,912,501 common shares were voted, representing 39.91% of the votes attached to all outstanding common shares as follows: Special resolution [...]