Angus Energy plc has signed an agreement to acquire the remaining share from its joint venture partner in the onshore Saltfleetby gas project in east Lincolnshire. SUBSCRIPTION The company will acquire the entire issued share capital of Saltfleetby Energy Ltd (SEL), which owns a 49% working interest in the project, from the seller Forum Energy […]
Day: 15 November 2024
Power Metal receives £18,750 through warrant exercise
Power Metal Resources plc said it had raised £18,750 after receiving notices to exercise warrants over 2,500,000 new ordinary shares of 0.1 pence each. These were at an exercise price of 0.75p per warrant share.
Helium One identifies priority drill target
Helium One Global said it had identified a priority drill target at the Tai prospect at its Rukwa (100%) project area in Tanzania. DRILLING The company added that the drill location was guided by Phase II seismic which had improved definition of the Tai structure and identified an untested closure in the Lake Beds. Well […]
Scotgold repays Bridge Barn loan with revenue from gold sales
Scotgold Resources Ltd has repaid the short-term loan plus interest from Bridge Barn Ltd with just over £1 million revenue from its April 2022 gold concentrate sales. Bridge Barn is owned and controlled by one of Scotgold’s non-executive directors Nathaniel Le Roux. The Australian company used the £250,000 for working capital requirements affected by shipment […]
Scotgold receives first £1.2m tranche of Fern Wealth loan
Scotgold Resources Ltd said it had received and completed the first tranche of the new loans drawn down for £1.2 million from Fern Wealth GmbH. TRANCHES The amount is part of the £3m deal agreed with the syndicate of high net worth individual during April 2022, with the remaining £1.8m drawdown on or before 30 […]
Reabold approved equity exchange with Daybreak
Reabold Resources plc said that shareholders had backed the equity exchange agreement over its California assets with Daybreak Oil and Gas Inc. TERMS The company’s subsidiary Reabold California LLC comprises two licence areas of Monroe Swell and West Brentwood. The deal will see the subsidiary become a wholly owned subsidiary of Daybreak whose shareholders approved […]