Chesterfield Resources plc raised £800,000 from a placing of 8,000,000 new ordinary shares with new and existing investors at 10 pence per placing share. The revised figure is an increase from the amount announced last Thursday (1 July) of £750,000. The new ordinary shares will represent 7.8% of the issued ordinary share capital of Chesterfield prior to the […]
Day: 15 November 2024
Condor confirms early mining at La India
Condor Gold plc said that final assay results confirmed that 59,672 oz contained gold within 35m of the surface would be mined early at La India, Nicaragua. The junior miner’s two planned Northern and Southern high-grade starter pits, up to 35m deep, have now been drill tested by 45 diamond core drill holes for a […]
UKOG raises £5m via placing
UK Oil & Gas plc (UKOG) has raised approximately £5 million through a placing of 2,763,888,878 new ordinary shares (placing shares). The placing’s issue price of 0.18 pence per share represents approximately a 22% discount to the closing price of the company’s ordinary shares on 01 July 2021, the business day prior to the placing’s […]
Block shareholder calls for board changes
Block Energy plc said one of its shareholders, Forest Nominees Ltd, has called for a general meeting to consider the removal of a company director and the appointment of a new non-executive chairman. Forest holds 31,308,000 ordinary shares, representing 5% of the issued ordinary share capital in the oil and gas company focused on Georgia. […]
Block Energy NED Chris Brown to step down
Block Energy plc announced that independent non-executive director Chris Brown has tendered his notice of resignation as a director of the company. Mr Brown will continue to serve as a director until his notice period expires on 2 October 2021.
Scotgold reaches higher grade ore and adopts risk analysis
Scotgold Resources Ltd reached higher grade ore zones quicker than expected but a bearing failure last month thwarted an increase to full production at Cononish gold mine near Tyndrum, Scotland. Gold doré sent to the refiners in May was refined through normal treatment processes, validating Scotgold’s process plant production. “Mining in the latter part of […]