Chesterfield Resources plc noted its potential purchaser of the Adeline copper project has earmarked C$2m (£1.18m) for summer exploration on the asset in Labrador, eastern Canada. ACTIVITIES Sterling Metals aims for a 2,500 metre drill campaign in addition to the C$500,000 (£296,000) airborne survey planned over the licence area. The finance will come from the […]
Day: 14 November 2024
Anglesey meets £1m target via placing-subscription
Anglesey Mining plc has met its target fundraise of £1 million by placing 64,999,993 ordinary shares and a subscription of 1,666,666 ordinary shares at a price of 1.5 pence per share. DIRECTORS Chairman John Kearney subscribed for circa 1.7m shares for £25,000 taking his total holding to c.3m shares; chief executive Jonathan Battershill, 1.3m shares […]
Predator targets £2m in fundraise for Guercif drilling
Predator Oil & Gas Holdings plc looks to raise approximately £2 million from two executive directors’ share option exercises and a conditional two-tranche placing. SHARE OPTION SCHEME On 12 May, the company reported that managing director Paul Griffiths exercised 11,183,605 share options and executive chairman Lonny Baumgardner 7,928,444, in accordance with Predator’s unapproved share option […]
Neptune awards £100m drilling services contract
Neptune Energy has awarded a contract of more than $100 million to Tenaris for equipment and services to support drilling activities on the Norwegian Continental Shelf. GJØA AREA The five-year contract, with two options for two-year extensions, covers the manufacture, transport, handling and repair of a range of casing materials used in offshore drilling activities. […]
Anglesey targets £1m for Parys-Grängesberg fundraise
Anglesey Mining plc aims to raise approximately £1 million via a proposed placing of new ordinary shares of £0.01 each in the company to certain institutional and other investors. TERMS The placing shares are at a 28.57% discount of 1.5p pence per share to the closing price of 2.10 pence per ordinary share on 15 […]
Oriole’s new earn-in partner restarts Senala exploration
Oriole Resources plc reported the restart of exploration work by its new earn-in partner at the Senala gold project in Senegal. JOINT VENTURE On 26 April, former Canadian partner IAMGOLD Corporation completed the sale of its Senegal subsidiary AGEM to Moroccan miner Managem Group. Oriole currently has a 41.65% interest in the project. DRILLING Managem […]