Finance Metals & Minerals News

Red Rock to raise up to $1.5m from single investor

Red Rock Resources plc has signed a funding agreement with institutional investor Diversified Metals Holdings LLC to fund exploration and working capital. SUBSCRIPTIONS Diversified Metals will subscribe for new ordinary shares of £0.0001 to raise an initial US$500,000. Following this, the US-based investor may subscribe for further shares for $1,000,000, within the next 18 months. […]

News Oil & Gas

Orcadian looks to raise funds after losses increase

Orcadian Energy plc said it would need further funding after recording more than a five-fold increase in losses from its Central North Sea operations. FINANCES The company holds four licences, East and North East of Aberdeen, of which the Pilot field is the largest. Results for the year ended 30 June 2022 reflected investment in […]