Block Energy plc issued nil-cost options over a total of 2,429,948 ordinary shares of 0.25p each to its directors, employees and consultants. CASH CONSERVATION The options were issued in lieu of cash payment for 40% of salaries and consultants’ fees and up to 50% of directors’ fees. This is in accordance with the cash conservation […]
Day: 15 November 2024
Cadence JV receives A$140m loan for Yangibana
Cadence Minerals plc’s joint venture (JV) partner has received approval for a A$140 million loan to fund construction of the Yangibana rare earths project, in the Gascoyne region of Western Australia. JOINT VENTURE Cadence owns 30% of three mining leases, six exploration licences and Australian company Hastings Technology Metals holds the remaining 70%. The JV areas are […]
Hummingbird CEO buys 185,000 shares
Hummingbird Resources plc chief executive officer Daniel Betts has purchased 185,000 ordinary shares of 1 penny each in the capital of the company at a price of 13.2297p per share. Following the transaction, Mr Betts is beneficially interested in total 5,234,149 ordinary shares, representing 1.333% of the company’s currently issued share capital.
Cadence Minerals raises £4.1m
Cadence Minerals plc said it had raised gross proceeds of £4.1 million in a “significantly” oversubscribed fundraising. PLACING AND SUBSCRIPTION A total of 19,512,180 placing shares in the company have been placed with new and existing investors at a price of 20.5 pence per share. In addition, Cadence has secured a further £0.1 million via a direct subscription of 487,805 shares […]