Clontarf Energy plc raised £350,000, before expenses, via a placing and subscription for a total 437,500,000 new ordinary shares each of 0.01p at a price of 0.08p per placing share. The shares represent approximately 8.42% of the company’s issued share capital as enlarged by the fundraise. Following admission, Clontarf will have 5,193,326,117 ordinary shares in issue […]
Day: 11 November 2024
i3 settles £22m debt and agrees C$100m Trafigura loan
i3 Energy plc has settled its outstanding £22 million senior secured guaranteed loan notes, due 31 May 2023, and agreed a C$100 million loan from Trafigura Canada Ltd. TRAFIGURA LOAN The offshore UK and Canada-focused company said that the loan would provide “greater financial flexibility and enhanced credit capacity” for its business plan. Part of […]
Ascent to bid for Amur Minerals with all-share offer
Ascent Resources plc intends to bid for Amur Minerals Corporation which recently sold its Kun Marie nickel copper sulphide project in Amur Oblast, far east Russia for US$35 million. NEW ENTITY Ascent said it had been involved in “a period of protracted discussions” with the British Virgin Islands-based company. Ascent aims to create a “larger, […]
Borders increases cash as farm-out talks continue
Borders & Southern Petroleum plc has nearly quadrupled its cash balance as talks continue for a farm-out for its licences, including the Darwin gas condensate discovery, offshore Falkland Islands. FINANCES Audited annual results for 2022 showed $4 million (£3.2m) raised before expenses through two capital raises. The company’s cash balance increased to $2.7m (2021: $0.71m) […]
Golden Metal publishes inaugural ESG report
Golden Metal Resources plc has published its inaugural environment, social and governance (ESG) report for its as yet non-producing four metals projects in Nevada, USA. MANAGEMENT The company’s principles in the 11-page report include ethical business practices; biodiversity & conservation; social responsibility; sustainable development; and health and safety & risk management. “By establishing this report […]
Scotgold to start blasting at Cononish
Scotgold Resources Ltd said it aimed to start blasting in approximately a week’s time at Cononish gold and silver mine near Tyndrum in Scotland. ORE GRADE The Australian company has finished long hole stoping on block 1 and now started on block 2 along the 115m strike length in the underground mine. Other work completed […]