Monday, March 28, 2016

Intermap Technologies Corporation - IMP.t

Intermap Technologies Corporation - IMP.t is a leading provider of Location-Based Information (LBI), setting the industry standard for creating high-resolution 3D digital models of the earth’s surface.

On March 3, 2016 the company released NEWS

Intermap Technologies Corporation (“Intermap” or the “Company”), (TSX: IMP), (ITMSF: BB), a leading provider of geospatial solutions, today announced that it has entered into an agreement with its senior lender, pursuant to which two of its outstanding promissory notes, which became due in February 2016, were restructured and consolidated into a new promissory note that bears interest at 15% per annum, with a maturity date of August 24, 2016.
The material terms of the debt restructuring are as follows (all $ amounts shown are in USD):
  • Promissory note dated February 23, 2015 (“First Note”), in the principal amount of $1,500,000, bearing interest at 25% per annum ($375,000 in accrued interest), was cancelled.
  • Promissory note dated February 24, 2015 (“Second Note”), in the principal amount of $5,800,000, bearing interest at 25% per annum, ($1,450,000 in accrued interest), was cancelled.
  • The principal amounts and accrued interest due under the First Note and the Second Note were restructured and consolidated into a new note dated March 2, 2016 (the “Restructured Note”), effective as of February 24, 2016, in the principal amount of $9,125,000, bearing interest at 15% per annum, with a maturity date of August 24, 2016.
  • The Restructured Note is secured by way of a first priority lien on all of the assets of the Company.
"We are pleased to report the restructuring of a material portion of the Company’s outstanding debt," said Todd Oseth, President and CEO of Intermap. "Coincident with SDI work preparations and other business developments, we continue to work towards the simplification of the Company’s capital structure."
About Intermap
Headquartered in Denver, Colorado, Intermap is a leading provider of geospatial solutions on demand with its secure, cloud-based Orion Platform®. Through its powerful suite of software applications and proprietary development of contiguous databases that fuse volumes of geospatial data into a single source, the Orion Platform is able to provide location-based solutions for customers in diverse markets around the world. For additional information, please visit

Niko Resources Ltd.- NKO.t

Niko Resources Ltd.- NKO.t has operations in India, Bangladesh, Indonesia, Kurdistan Iraq, Madagascar, Pakistan and Trinidad.

Niko is focused on value generation in the D6 Block in India.

On March 24, 2015 the company released News

Niko Resources Ltd. (“Niko” or the “Company”)(TSX – “NKO”) announces that, as contemplated in its press release of March 14, 2016, it will commence a solicitation of consents (the “Consent Solicitation”) to amend the trust indenture (the “Indenture”) governing its 7% senior unsecured convertible notes due December 31, 2017 (the “Notes”).
The terms and conditions of the Consent Solicitation will be set out in the consent solicitation statement of Niko dated March 29, 2016 (the “Consent Solicitation Statement”) which will be mailed to holders of the Notes (the “Noteholders”) on or about April 15, 2016.

Consent Solicitation
The purpose of the Consent Solicitation is to obtain approval for proposed amendments to the Indenture (the “Indenture Amendments”) as outlined below under “Terms of Indenture Amendments”. The Indenture Amendments require the consent of Noteholders holding not less than 66 2/3% of the principal amount of the outstanding Notes (the “Requisite Consents”). As disclosed on March 14, 2016, Niko executed a support agreement with institutional lenders (the “Lenders”) holding approximately 85% of the senior term loan facilities (the “Term Loan”) and a support agreement with Noteholders (the “Consenting Noteholders”) holding approximately 60% of the Notes, each in support of the Company’s strategic plan of maintaining its core assets until the value of these assets can be enhanced for the benefit of the Company’s stakeholders. The Consenting Noteholders have agreed to execute consents approving of the Indenture Amendments.

Sunday, March 27, 2016

Centamin - CEE.t

Centamin - CEE.t is a mineral exploration, development and mining company.

Production was 439,072 oz in 2015 at AISC of $ 842

On March 21, 2016 the company released numbers.

"Operational Highlights
• Production of 439,072 ounces, a 16% increase on 2014 and within the revised guidance range. Q4 2015 production of 117,644 ounces was within Sukari’s target annualised rate of 450,000 to 500,000 ounces.
• Cash operating costs of US$713 per ounce was down from US$729 per ounce in 2014, mainly due to lower fuel prices, although marginally above guidance US$700 per ounce despite higher production than originally forecast.
• All-in sustaining costs (AISC) of US$885 per ounce was below our original forecast of US$950 per ounce, mainly due to the re-scheduling of certain sustaining capital cost items, as well as the higher production.
• Process plant reached minimum expected long-term rate of 11 million tonnes per annum in Q4 2015.
• Record mining rates from open pit (up 28% on 2014) and underground (up 20% on 2014).
• 2016 guidance of 470,000 ounces gold at US$680 per ounce cash cost of production and US$900 AISC
• Sukari total Mineral Reserve estimate of 8.8 Moz, up 7% from 8.2 Moz at 30 September 2013.
Continued positive results from underground drilling support our expectation for further reserve
• Exploration in Burkina Faso and Côte d’Ivoire outlined areas with potential for near-surface and highgrade economic mineralisation. These prospects will be targeted for resource growth during 2016.
Financial Highlights
• EBITDA US$152 million, down 8% on 2014, due to lower gold prices and also changes in production inventories.
• Basic earnings per share 4.51 US cents, down 37% on prior year, impacted by a US$6.3 million write-off following termination of exploration in Ethiopia and a US$6.8 million Australian tax charge on foreign exchange gains.
• Centamin remains debt-free and unhedged with cash, bullion on hand, gold sales receivable and
available-for-sale financial assets of US$230.7 million at 31 December 2015; a material increase on prior year US$162.8 million.
• Proposed final dividend of 1.97 US cents/share; total 2015 dividend payout of 2.94 USc/sh (c.US$33.7 million).