The Board of Directors of BlackGold Natural Resources Limited wishes to announce that on 30 November 2017, the Company entered into a non-binding MOU with an undisclosed lender (the "Lender"; collectively, the "Parties"), which is an international financial institution with established presence in Hong Kong and a rapidly expanding network across the globe, pursuant to which the Company intends to raise up to S$20 million by way of the issuance of convertible bonds.
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BlackGold Natural Resources Limited (the "Company", and together with its subsidiaries, the "Group" or "BlackGold") is pleased to announce the completion of its jetty at Kuala Cenaku, in Riau province, Indonesia.
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BlackGold Natural Resources Limited (the "Company", and together with its subsidiaries, the "Group" or "BlackGold") is pleased to announce that, on 15 September 2017, it entered into a Heads of Agreement (the "HOA") with various parties to form a new consortium (the "Consortium") in relation to an ongoing cooperation project for the development, construction, operation and maintenance of a 2 x 300 MW coal-fired power plant in Riau province, Sumatra, Indonesia (the "Riau-1 Project").
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BlackGold Natural Resources Limited (the "Company", and together with its subsidiaries, the "Group" or "BlackGold") is pleased to announce that the Group, through its subsidiary, PT Samantaka Batubara ("PT SB"), has signed an addendum (the "Amendment") to the coal sales and purchase contract (the "Coal Sales Contract") on 6 September 2017 with the Indonesian state-owned electricity company, PT Perusahaan Listrik Negara ("PLN").
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BlackGold Natural Resources Limited (the "Company", and together with its subsidiaries, the "Group" or "BlackGold") is pleased to announce that Mr Johanes Budisutrisno Kotjo ("Mr Johanes Kotjo"), a consultant and shareholder of the Group, had on 17 August 2017 purchased 300,000 shares in the Company (the "Purchase") from the open market.
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BlackGold Natural Resources Limited (the "Company", and together with its subsidiaries, the "Group" or "BlackGold") is pleased to announce that its Coal Reserves at its PT Samantaka Batubara Concession ("PT SB Concession") as at 9 June 2017 have more than tripled from its last reported estimates, which were announced on 8 August 2016.
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BlackGold Natural Resources Limited ("BlackGold" or the "Company" and together with its subsidiaries, the "Group") is pleased to announce that the Group has entered into a share placement agreement (the "Placement") pursuant to which the Group intends to issue up to 66,703,000 new ordinary shares in the capital of the Company (the "Placement Shares") at S$0.123 per share to raise gross proceeds of up to S$8.2 million.
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BlackGold Natural Resources Limited, is pleased to announce that it has, through its subsidiary, PT Samantaka Batubara, entered into a conditional term sheet (the "Term Sheet") with China Huadian Engineering Co., Ltd. for the joint development, construction, operation and maintenance of a 2 x 300 MW coal-fired power plant in Riau province, Indonesia.
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BlackGold Natural Resources Limited refers to the Company's announcement on 24 February 2017 in relation to the receipt of the purchase order for the supply of coal to an Indonesian state-owned company, PT Semen Padang.
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BlackGold Natural Resources Limited is pleased to announce that the Group has signed a share placement agreement with Mr Johanes Budisutrisno Kotjo pursuant to which the Group intends to issue 39,511,654 new ordinary shares in the capital of the Company at S$0.0901 per share to raise gross proceeds of up to S$3.56 million.
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BlackGold Natural Resources Limited is pleased to announce that, through its subsidiary, PT Samantaka Batubara, the Group has received a purchase order from an Indonesian state-owned cement company, PT Semen Padang.
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