Ascent Resources plc said it had signed a binding damages-based “no win no fee” agreement to appoint Enyo Law LLP for its arbitration claim against Slovenia. TREATIES The claim is based on breaches of the Energy Charter Treaty (ECT) and UK-Slovenia Bilateral Investment Treaty (BIT). Enyo represented Ascent in last year’s pre-arbitration negotiations with Slovenia. FRUSTRATION […]
Day: 15 November 2024
Galantas doubles losses at Cavanacaw mine
Galantas Gold Corporation reported an increase in losses for its operations at Cavanacaw mine in Omagh, Northern Ireland. FINANCES In its financial results for the quarter ended 31 March 2022, the Canadian company’s losses amounted to CA$1,415,812 (2021: $639,963). General administrative expenses increased to $1,171,170 (2021: $505,097) while cash outflow from operating activities also rose […]
Power Metal subsidiary in Australia raises £1.1m
Power Metal Resources plc said its subsidiary First Development Resources Ltd (FDR) had raised £1,125,000 ahead of planned listing in Q3 2022 on the London capital markets. FDR FDR is focused on gold-copper, uranium-rare earth element and potential lithium targets in Western Australia’s Paterson Province and the Northern Territory. Money raised will allow FDR to self-finance its operations including IPO listing advisory […]
Power Metal receives £31,579 via warrant share
Power Metal Resources plc has raised £31,579 after an exercise of warrants. The company received a notice to exercise warrants over 4,210,526 new ordinary shares of 0.1 pence each in the company at an exercise price of 0.75p per warrant share.
Tullow-Capricorn to merge
Tullow Oil plc and Capricorn Energy plc have announced plans for a recommended all-share merger to create one of the largest energy companies in Africa. TERMS In a joint statement today, the companies added that Capricorn shareholders would receive 3.8068 new Tullow shares for each Capricorn share held. This would see Capricorn shareholders owning 47% […]