Madagascar

The company has appointed UOB Kay Hian to help raise $2.84 million to fund the production

SINGAPORE (Nov 1): Just a day after an extraordinary general meeting, Mainboard-listed ISR Capital announced that a statement forecasting profits in three years by executive chairman Chen Tong had been mistranslated by his Chinese-to-English interpreter.

SINGAPORE (Oct 15): After much twists and turns in a long-running saga, ISR Capital announced this morning it will convene an EGM on Oct 30 to seek shareholder approval for the acquisition of the rare earth mining concession in Madagascar.

SINGAPORE (Mar 1): ISR Capital’s planned acquisition of a tantalum concession is taking longer than expected.

SINGAPORE (April 28): ISR Capital is going ahead with its planned acquisition of a rare earth concession in Madagascar today, says executive chairman Chen Tong at the company’s annual general meeting held earlier this morning.

SINGAPORE (March 31): ISR Capital may have fallen out with its largest shareholder, David Rigoll, but it is still on track to acquiring a major stake in a rare earths mining concession in Madagascar that was once owned by a company Rigoll led.

SINGAPORE (Dec 5): ISR Capital has announced the resignation of its second independent director in less than a week.

SINGAPORE (Oct 24): ISR Capital says a second independent valuer, Al Maynard & Associates, has valued the rare earths mining concession in Madagascar which it intends to acquire, at US$1.11 billion ($1.53 billion).

SINGAPORE (Oct 20): ISR Capital has completed the first half of its planned $12 million share placement to new investors.

SINGAPORE (Oct 20): All four investors taking part in ISR Capital’s placement have given their moratorium not to sell their newly-issued shares for at least six months, the company announced on Thursday night.