Oriole Resources plc chief executive officer Martin Rosser today bought 3 million ordinary shares of 0.1p each in the company at a price of 0.354 pence per share. The acquisition represents 0.08% of Oriole’s issued share capital. Following the purchase, the company’s directors hold a total 225,196,990 ordinary shares, representing 5.78% of Oriole’s total voting rights.
Day: 17 September 2024
FCM completes McKellar-Enable sale
First Class Metals plc has sold its McKellar gold-VMS and Enable gold-silver properties to the Seventy Ninth Group Ltd for a total £270,000 and agreed a £230,000 loan with the purchaser. OPPORTUNITIES The company said that Seventy Ninth Resources Ltd, which is preparing to list on the Toronto Stock Exchange Venture, continued to progress due […]
Orcadian secures £1.15m loan to repay Shell
Orcadian Energy plc has secured a two-year £1.15 million loan with an as yet unnamed industry partner to repay the outstanding £1m loan to Shell. The loan will settle from the completion payment due under a proposed farm-in or joint venture on Orcadian’s recently offered southern North Sea licence. Interest, of between 6% and 9%, […]
Panther reduces shares on 64.36% approval
Panther Metals plc said it would consolidate the number of its shares following a 64.36% approval at its general meeting. A total 8,483,610 votes were in favour of the resolution while 4,698,627 were against, with no votes withheld. The company will reduce 92,822,307 existing ordinary shares of no par value on a 25 into 1 […]
Star Energy to exit shale gas
Star Energy Group plc plans to exit its shale gas licences to save licence fee costs and focus more on its producing oil and gas assets in the East Midland and Weald Basins. RIGHT-SIZE Ahead of today’s general meeting, chief executive Ross Glover said that production maintained “strong momentum” in line with guidance of circa […]
Golden Metal begins largest geophysics
Golden Metal Resources plc has started its largest geophysics programme to date before drill targeting at the Garfield copper-gold-silver and Pilot Mountain tungsten-garnet projects in Nevada, USA. STRATEGY In May, the company confirmed new anomalies at Garfield and expanded the licensed area while also beginning a 2,000-metre drilling campaign in the Desert Scheelite zone at Pilot. Golden […]