i3 Energy plc said that unstable prices had created possible merger and acquisition opportunities after the company posted a rise in production and decrease in revenue. PERFORMANCE In the first six months of the year, revenue totalled $75.5m (H1 2022: $101.6m) from its operations in Canada. The company averaged 20,640 boepd (H1 2022: 18,950) following […]
Day: 23 December 2024
Prospex converts £105,000 CLN for 2.5m shares
Prospex Energy plc has received notice to convert a total £104,745.81 in a convertible loan note in exchange for 2,464,608 new ordinary shares of 0.1p each in the company. The convertible loan note, issued in July 2022, is convertible at 4.25p per share. Following admission, the company will have 307,300,354 ordinary shares in issue.
Cornish Lithium shareholders back £53.6m institutional funding
Shareholders have approved Cornish Lithium plc’s recent funding package of £53.6 million (US$67m) initial investment from institutional investors. On 30 August, the investment received 99.98% of the votes at the company’s general meeting. The money will progress the Trelavour hard rock lithium project to construction-ready status and fund the engineering design work for a demonstration-scale […]