Finance News Oil & Gas

i3 Energy shareholder funds net £16.2m from sale of 60m shares

I3 Energy plc said that three funds gained £16.2 million after selling an aggregate of 60 million ordinary shares in the company each at 27 pence. SELLERS The sellers are Bybrook Capital Master Fund LP, Bybrook Capital Hazelton Master Fund LP and Bybrook Capital Badminton Fund LP. Cairn Capital Ltd acted for and on behalf […]

Metals & Minerals News

Caerus ‘very encouraged’ by Kalavasos results

Caerus Mineral Resources plc reported results of residual gold in dumps and in new targets at the Kalavasos project licences in Cyprus. KALAVASOS The project consists of five Kalavasos licences and the Pano Lefkara and Layia licences. The area includes several abandoned mines including Platies, associated waste dumps and exposed gossans. Caerus said that widespread ancient […]