Metals & Minerals News

Arkle shareholder reduces holding to below 3%

Arkle Resources plc shareholder Andrew Batchelor is reported to have more than halved his shares in the company to below 3%. In April 2023, Mr Batchelor increased his holding to 25 million ordinary shares, representing 6.32% of the issued share capital. The Irish gold and zinc exploration company yesterday said that, following a recent review […]

News Oil & Gas

Neptune agrees conditional $4.9bn sale to Eni-Vår Energi

Neptune Energy has agreed a conditional aggregate $4.9 billion sale of its assets, except those in Germany, to Eni International BV and Vår Energi ASA. NEW PHASE The deals, rumoured for several months, with the Italian major and its subsidiary are subject to, among other things, regulatory approvals with completion expected by the end of […]

News Oil & Gas

Tullow Oil directors purchase total 746,000 ordinary shares for £200,000

Tullow Oil plc’s directors purchased between 19 and 20 June a total 746,000 ordinary shares each of 10p in the company for an approximate total of £200,000. DIRECTORS’ DEALINGS Non-executive director (NED) Roald Goethe purchased 250,000 ordinary shares, in four batches, at an average £0.27 for each ordinary share for a total £66,740. Chief executive […]

Finance Metals & Minerals News

Red Rock settles £236,000 debt and fees with 200m shares

Red Rock Resources plc has settled £236,032.38 debt and related fees by issuing 199,563,030 new ordinary shares of £0.0001 in the company, each at an average price of 0.1182746 pence. The company has now cleared its outstanding debt due to Diversified Metals Holdings LLC and has less than £60,000 outstanding debt, to be settled in […]

Finance Metals & Minerals News

Red Rock raises £288,750 via share placing

Red Rock Resources plc raised £288,750 before expenses by placing 175,000,000 new ordinary shares of £0.0001 each in the company at a price of 0.165 pence per share. On admission, the company’s issued ordinary share capital will comprise 2,480,597,791 ordinary shares, each with voting rights. No shares are held in treasury. USES Net proceeds will be used […]