Panther Metals plc has issued 59,000 new ordinary shares each at £1.025 to remaining convertible loan note holders for £60,987 CLNs, including interest and a 4.25% extension premium. Following admission, the company’s total issued share capital consists of 4,226,720 ordinary shares. Panther holds no ordinary shares in treasury.
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Ormonde-TRU positive on Golden Rose assays
Ormonde Mining plc’s investee has returned positive assays from exploration at the Golden Rose copper-gold project in the central Newfoundland gold belt, Canada. MODEL The company highlighted “significant” copper values from the Jacob’s and King George prospects, of up to 3.7% copper. Owner-operator TRU Precious Metals Corp, in which Ormonde owns 36.3%, also recorded anomalous values […]
Alba expands into Sweden with rare earth option
Alba MIneral Resources plc has entered an option for the Finnsbo rare earth project in the historic magnetite mining district of eastern Bergslagen in Uppland, eastern Sweden. VALUE The licence lies 15km north of the 540-year-old Dannemora magnetite mine, and within the southern fringes of the “regionally extensive” high strain ductile Forsmark Deformation Zone. Current […]
Alba raises £300,000 via placing
Alba Mineral Resources plc has raised £300,000 by a placing of one billion new ordinary shares at 0.03 pence per ordinary share. USES Following admission, the company’s total ordinary shares in issue will number 10,736,939,266, with none held in treasury. Alba today also opened a separate retail offer at the same price per share to […]
Tertiary drill tests Mukai soil anomaly
Tertiary Minerals plc’s earn-in partner has started drilling to test beneath the large soil anomaly defined in 2023 at the Mukai copper project in Zambia. RESOURCE First Quantum Minerals Ltd received approvals from the Department of Forestry and the leadership of local tribal group the Musele Royal Establishment. Phase I, comprising up to six diamond […]
Predator to raise £2m via placing
Predator Oil & Gas Holdings plc has conditionally placed 40 million new ordinary shares of no par value in the company at 5 pence each to raise £2m with a single institutional investor. The company said that the placing was significantly oversubscribed and utilised some of its existing headroom shares under the Financial Conduct’s Authority prospectus regulation rules. A total […]