Cornish Metals Inc said it had conditionally raised £8 million through a placing and subscription of common shares with new and existing investors. The Canadian company added that an additional investment of approximately £206,000 was made through an offer to high-net investors. The total amount reached £8.2m (CA$14.37m). Cornish Metals announced last Friday (5 February) […]
Month: November 2024
Alba tests reveal world class graphite flakes at Amitsoq
Alba Mineral Resources plc announced confirmation of very high graphite ore content, which was among the highest flake deposits in the world, at its drill-ready Amitsoq project in southern Greenland. The company said that results of independent test work programme on graphite material from the site also demonstrated that more than 96% graphite concentrate could […]
Power Metal raises £75,450 via warrant exercise
Power Metal Resources plc received £75,450 following notices to exercise warrants over 8,860,758 new ordinary shares of 0.1 pence each in the company. Exercise of 3,597,600 warrants was at 1.0 pence per ordinary share and 5,263,158 warrants at 0.75 pence per ordinary share. Following admission, the company’s issued share capital will comprise 1,109,337,130 ordinary shares of […]
Altus granted four gold licences in Eastern Desert, Egypt
Altus Strategies plc said it was planning the first phase of exploration after it received four gold exploration licences across nine licence blocks totalling 1,565 km2 in the Eastern Desert of Egypt. LICENCES All four licences, which are between 30km and 100km of the Red Sea coast, are for an initial two-year term and renewable […]
Condor Gold raises £28,546 through warrant exercise
Condor Gold plc today announced it had received £28,546 following notices to exercise the remaining warrants issued by the company in February 2019. PRIVATE PLACEMENT The company issued 92,083 new ordinary shares with a nominal value of 20p each in the capital of the company at a subscription price of 31p per share. In February […]
IOG appoints David Gibson as COO
Independent Oil and Gas plc has appointed David Gibson as its chief operating officer (COO) effective from yesterday (8 February). Mr Gibson has extensive North Sea engineering and project management experience over nearly 30 years in the energy industry. This includes Foster Wheeler Wood Group, Amec, Marathon Oil UK Ltd, TAQA Bratani, and most recently […]