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North River Resources plc
Company Name:North River Resources plc Minimum fundraise:£0* High Share Price Bid:£0
Business Sector:Metals & Mining Total Funds Bid to Date:£0 Low Share Price Bid:£0
Auction period:01 Nov 2018 - 30 Jan 2019 Indicative Share Price:0.00 Average Share Price Bid:£0**
*The company will accept oversubscription.
**In the event of significant oversubscription, shares will be allocated to bids at the average price and above.
NOTE: ASSET MATCH HAS NEGOTIATED AN “ASSET MATCH INVESTOR BONUS” FOR INVESTORS IN THIS TRANSACTION. SEE THE “OVERVIEW” SECTION BELOW FOR DETAILS.

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North River Resources plc

 

The next auction will close at 4pm on the 30th January 2019. An order book will appear here when orders have been received.

In the auction that closed on 31st October 2018, zero shares traded. The highest bid was 3.5 pence per share. 

Please direct any queries to dealing@assetmatch.com 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. (...)

www.northriverresources.com

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).

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)

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Auction instructions

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

  • Using The Share Centre

The Share Centre is the preferred broker and settlement agent for all CREST eligible companies on AM Private Market. The Share Centre offers a competitively priced service for both certificated and non-certificated transactions. For more information on The Share Centre's services or how to place an order please visit their page. If you do not already have an account with The Share Centre, then you can open an account online or by calling 01296 41 41 41.

Alternatively, if you are interested in selling your shares and are unsure what to do next please read our Auction instructions for Sellers with additional FAQs. You can download the 'Selling shares traded on Asset Match' form here.

You can place orders with The Share Centre by calling 01296 41 42 43.

  • Using another stockbroker

If you already have a stockbroker (or an in-house dealing team if you are an institutional investor) then you can place an order by instructing your broker to face The Share Centre. Not all stockbrokers will be able to act on your behalf, and so you should check with them first. You may also incur additional fees.

When buying and selling shares, please note that the Asset Match levy of 3% applies, with a minimum charge of £20 per trade.

The tick size for this company is 0.05 pence per share.

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.

   

Brent De Jong Non-Executive Director

Brent de Jong is a partner at Castlelake, responsible for the firm’s investments in global special situations and is a rotating, voting member of Castlelake’s Investment Review Committee. He joined the firm in 2016 with more than 18 years of investment experience, having worked on more than 235 investments across nearly 50 countries. Prior to Castlelake, Mr. de Jong was the chief executive officer of Zaff Capital LP, a private equity and real estate investment firm, lead investment professional with Ashmore Investment Management for special situations and infrastructure investments and served on the firm’s investment committee and at JPMorgan’s financial institutions group in London and JPMorgan’s structured finance group in New York.

   

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.