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North River Resources plc
Company Name:North River Resources plc Minimum fundraise:£0.00* High Share Price Bid:£0.05
Business Sector:Metals & Mining Total Funds Bid to Date:- Low Share Price Bid:£0.04
Auction period:30 Apr 2020 - N/A Indicative Share Price:0.00 Average Share Price Bid:£0.04**
*The company will accept oversubscription.
**In the event of significant oversubscription, shares will be allocated to bids at the average price and above.

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North River Resources plc

In light of the recent press release from North River Resources plc, trading of the shares have been suspended with immediate effect.

For more information, please see visit the company's website.

Please direct any queries to or call 020 7248 2788.

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Company info

North River Resources plc is a mineral exploration and development company active in Namibia and Mozambique with headquarters in London. The company is focused on reopening its flagship asset, the Namib Lead & Zinc Mine near Swakopmund in Namibia and is targeting commencement of production in the near term. The company was recently granted its Mining Licence from the Namibian Ministry of Mines & Energy. Construction on the Namib Project commenced in Q1 2018 with full production expected in Q2 2019. (...)

Auction details

North River Resources plc was admitted to trading on Asset Match on 27 March 2017 at a price of 2.75 pence per share.

It is intended that the first auction will be held on Wednesday 26 April 2017. Thereafter auctions will be held quarterly and close at 4pm on the last Wednesday of each month (unless stated otherwise).

The tick size for this company is 0.25 pence per share.

Participants can send orders via their existing broker or directly to The Share Centre. Further details can be found by clicking on the "Auction instructions" section below.

Price history (last 10 auctions)


Auction instructions

To buy and sell shares in this company via Asset Match Private Market, you will need to use a stockbroker.

           -  shareDeal active

If you are a UK resident, our main broker and settlement agent for all CREST eligible companies on the AM Private Market is shareDeal active.

shareDeal active provide a competitively priced service for both certified and non-certified transactions. You can open an account online or by post using the form provided.

Alternatively, if you already have an account with shareDeal active and wish to place an order please contact the Dealing desk directly on 01892 510515 or deal online.

To sell a share certificate, the easiest way to trade is to set up a shareDeal active account online and once open post your share certificate with a completed CREST transfer form. Alternatively, you can open an account by post using the Asset Match Certificated Sale Pack which includes everything you will need.

It generally takes 5-7 days for your account to be open and shares available for trading.

           -  Already have a stockbroker

Over 60 UK brokers regularly trade and are set up to deal on our platform. These brokers can submit your instructions to shareDeal active on your behalf*.

Please note that not all brokers are able to deal in unquoted shares so contact us to confirm whether your broker is able to trade.

           -  Overseas

If you are based overseas and are interested in participating then please contact us directly by emailing or by calling 020 7248 2788.

​​When buying and selling shares, please note that the Asset Match levy of 3% applies, with a minimum charge of £20 per trade (*additional fees may apply).

For more information on how the auction works then please click here.



Key People

James Beams Non-Executive Chairman

James Beams joined North River having previously spent 14 years with Anglo American plc. For his final five years at Anglo American he was the Chief Financial Officer for the Copper division, and prior to that served in several senior management positions within the company. Prior to his time at Anglo American, he held senior finance roles at Minorco and Commercial Union.


Dag Kullmann Managing Director (Namibia)

Dag Kullmann is a mining engineer with 28 years' experience in the mining industry, predominantly in Southern Africa. Before joining North River Resources in 2017, he spent 10 years in Namibia with the Forsys Metals Group of Companies, initially as project and mining manager, then also its general manager. Prior to this, Dag spent 18 years in South Africa, first working in the Wits gold fields and finally 8 years consulting with Snowden Mining Industry Consultants on a wide variety of commodities across Africa and further abroad. He acted as Qualified Person for several large and small mining companies for the completion of technical studies, reserve reporting, operational audits and listing documentation for a number of international stock exchanges.


Mark Sawyer Non-Executive Director

Mark Sawyer is a Senior Partner at Greenstone Capital LLP and a co-founder of Greenstone Resources LP ("Greenstone"), the private equity fund. Mark co-founded Greenstone in 2013 after a 18 year career in the mining sector including as co-head of group business development at Xstrata plc, and senior roles at Rio Tinto plc and Cutfield Freeman & Co Ltd. Together with Greenstone's co-founder, Mark oversees all aspects of the management of the business. He serves as a director of Greenstone Management Ltd, the fund's General Partner, and is a member, and co-Chairman of the Investment Committee.


Ken Sangster Non-Executive Director

Ken Sangster was trained as a metallurgist and has 49 years' experience in the mining industry in a number of highly successful project development / project management roles ranging in project size from USD20M to USD600M. He previously worked in numerous senior roles for Rio Tinto plc for over 15 years, as well having metallurgy focused project development roles for Anglo American PLC, Consolidated Gold Fields, Outokumpu Metals and Resources, TVX Gold and Ivernia plc. He is also a Fellow of the Institute of Directors.


Ricardo De Armas Non-Executive Director

Ricardo De Armas joined Castlelake in 2016 as part of the Emerging Markets team, focused on investments in the emerging markets. Prior to joining Castlelake, Mr. De Armas was a vice president at De Jong Capital, where he focused on deep value investments and provided restructuring and financial advisory. Prior to De Jong Capital, Mr. De Armas was a principal at Zaff Capital, where he focused on special situation investments in emerging markets. Prior to joining Zaff Capital, Mr. De Armas was an associate with Citigroup in the Latin American investment banking group in New York, where he advised companies in a wide range of industry sectors on financial and strategic matters.


Paul Lombard Chief Financial Officer (Namibia)

Paul Lombard holds a BCom degree in Accounting from the University of Johannesburg (SA), a post graduate qualification from CIMA, UK and an MBA from the University of Stellenbosch (SA).  Before joining North River Resources in February 2018, he spent 17 years in the Diamond Mining industry with Namdeb Diamond Corporation.  Paul held the position of Financial Manager on an Executive level before heading up the Strategic Projects department. Paul then headed up the Southern Coastal Mines area as Mine Manager before his departure in Dec 2017.