Mining firm shareholders face big losses

Hundreds of Irish shareholders stand to lose tens of thousands of euro invested in small mining company Teknomining, which had its shares suspended last month.

4th May, 2013

Hundreds of Irish shareholders stand to lose tens of thousands of euro invested in small mining company Teknomining, which had its shares suspended last month.

It is understood that around 360 shareholders - most of them Irish - participated in fundraisings totalling €1.2 million. Listing on the relatively low-profile Plus Market at 9p in April 2010, its shares were suspended last month and the company could be wound up.

Teknomining concentrates on Turkish mineral exploration. Shares had...

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