Horizonte Minerals plc said it had raised approximately £147.4 million (US$197m) through a placing, an offering and subscriptions. The equity fundraise comprises: . 606,123,712 new ordinary shares in a UK placing, raising some £42.4m · 126,072,398: Canadian offering (£8.8m) · 74,738,416: Glencore subscription (£5.2m) · 533,845,825: Orion subscription (£37.4m) · 759,128,764: Mancha subscription (£53.2m)
Day: 15 November 2024
UKOG appoints Matt Gormley as CFO among changes
UK Oil & Gas plc has appointed Matt Gormley as chief financial officer in a non-board position. Mr Gormley was previously group financial controller of Shanta Gold Ltd and an audit manager at Grant Thornton UK LLP. With effect from 1 January 2022 the board will also be restructured. Kiran Morzaria, chief executive of Cadence […]
Galantas drills parallel intercept at Cavanacaw
Galantas Gold Corporation reported a parallel high grade intercept from the second underground hole in its 4,000m drilling programme at Cavanacaw mine in Omagh, Northern Ireland. KEARNEY VEIN The second hole was drilled from the lowest level in the underground development at the Kearney vein. Two two intersections returned 26.7 g/t gold, 88.2 g/t silver […]
Block Energy starts gas sales from KRT-39
Block Energy plc announced the start of gas sales from well KRT-39 in Block XIB in West Rustavi, Georgia. WELL KRT-39 The associated gas produced (currently 140,000 scf per day) from KRT-39 was being flared prior to the company’s acquisition of Block XIB. Gas sales began following the installation of two gas separators and the […]
United granted further two years for Walton Morant
United Oil & Gas plc said it had been granted a two-year extension for its 100% Walton Morant licence, Jamaica. POTENTIAL Following completion of the approval process, the licence will run to 31 January 2024. United believes that there is a hydrocarbon system in Jamaica including source, reservoir, and seal rocks. An independent evaluation by […]
JOG grants total 700,000 share options to CFO-CCO
Jersey Oil & Gas plc (JOG) has granted options over a total 700,000 ordinary shares of 1p each to its recently appointed chief financial officer and chief commercial officer. The options each have an exercise price of 147 pence representing the middle market closing price of an ordinary share on 19 November 2021. CFO Graham […]