Cairn Energy plc announced it had initiated a buyback programme of up to £20 million of its ordinary shares. PERIOD This will be prior to the anticipated larger buyback programme following receipt of the Indian tax refund. The company added that Morgan Stanley would handle the programme beginning today (15 November) and ending no later […]
Day: 15 November 2024
Power Metal raises £1.05 million through placing
Power Metal Resources plc has raised £1.05 million through the issue of 60,000,000 new ordinary shares of 0.1p each. The funds were raised at the closing market mid-price of 1.75p on 12 November, increasing the company’s working capital comprising solely cash and listed investments to circa £3m. The new shares issued represent a dilution of 4.5% of current issued share […]