Baron Oil plc independent non-executive chairman Gerry Aherne has bought 30 million ordinary shares of 0.025 pence each in the company, at a price of 0.0676 pence per share. Mr Aherne’s total beneficial shareholding of 30m shares represents approximately 0.12% of the company’s current voting rights. The £20,280 purchase took place on 28 May.
Month: December 2024
Galantas plans Kearney North surface drill
Galantas Gold Corporation plans to surface drill test the Kearney North target for a northern extension at Cavanacaw in Omagh, County Tyrone. POTENTIAL The Canadian company said that the deposit area had “well developed” sulphide rich, gold-bearing veins. “Geological modelling suggests that a concealed ore shoot may lie to the north of the site at […]
Power Metal completes Wilan merger
Power Metal Resources plc has agreed the merger, announced in December 2022, of its Wilan IOCG* project in South Australia with additional licences in Queensland, and the subsequent sale. INCUBATOR The expanded portfolio includes Wilan’s two exploration licences over a total 1,994km2 in the Olympic Dam precinct and the Fiery Creek and Bartola copper projects in […]
Baron Oil to change company name
Baron Oil plc plans to change its name to Sunda Energy plc, reinforcing its “unambiguous” focus on southeast Asian energy markets. DEMAND The company’s project is the offshore Timor-Leste TL-SO-19-16 production sharing contract, where the Chuditch-2 appraisal well is due to be drilled. Baron said it was concentrating on potential Chuditch drill funding partners and […]
GreenRoc raises £240,000 via placing
GreenRoc Mining plc has raised gross £238,311 by placing 13,239,499 new ordinary shares of 0.1 pence each, at a price of 1.8 pence per placing share, for its Amitsoq graphite project in Greenland. USES The company said that its founder and largest shareholder Alba Mineral Resources plc, an Alba non-executive director and the majority of […]
Hummingbird positive on upgrading Yanfolila
Hummingbird Resources plc said that it had positive results from drilling aimed at upgrading inferred resources into the indicated category at its Yanfolila gold mine in southern Mali. MRE During the first quarter, exploration mainly focused on the Sanioumale West North pit and Kabaya South deposits. The company added that Sanioumale West North showed “potential […]