UK Oil & Gas plc directors agreed a subscription of 476,897,760 ordinary shares to take its employee benefit trust to the original 10% level of the company’s issued share capital. PLACING Employee benefit trustees trustees, Altum Trustees Ltd, subscribed for the ordinary shares at a price per share of £0.000001. The company said that the move […]
Month: December 2024
Kavango interprets new structures at Nara
Kavango Resources plc said it had interpreted several new structures, as well as extensions to structures associated with old mines, at its Nara gold exploration option in Zimbabwe. CONFIDENT Nara comprises 45 contiguous gold claims, each of 10 hectares, and covers four historic mines. Competed induced polarisation survey work of seven lines for 6,600m over […]
CRL identifies new mineralisation at Redmoor
Cornwall Resources Ltd has identified four new zones of “potentially economic” tungsten-tin-copper mineralisation within the Redmoor deposit and outside of the mineral resource estimate. TARGETS The company also delineated newly identified mineralised structures as well as signing a new mineral rights agreement. Assay results are from the first samples of 194 new drillcore across three […]
Panther issues 57,000 shares
Panther Metals plc issued 57,073 ordinary shares to executive chairman Nicholas O’Reilly for £8,500 interest following exercise of conversion rights attached to the £50,000 convertible loan notes held by him. The new ordinary shares, of no par value in the company, are each at a price of £1.025. Following the 1 August notification, Mr O’Reilly […]
FCM raises £256,500 via placing
First Class Metals plc has repaid 5.9 million shares to and borrowed 9.5m from its chairman, raising £256,500 via a 16% discounted private placing of 9.5m shares at 2.7 pence per share. ONTARIO In July Mr Knowles loaned two tranches of shares totalling 5,912,059 ordinary shares of £0.001 par value, which were issued to him […]
Kavango plans Zimbabwe listing
Kavango Resources plc plans a secondary listing on the Victoria Falls Stock Exchange (VFEX) in Zimbabwe. IMMENSE The company said that the proposed listing would provide access to a wider range of capital and shareholders and promote strong local ownership in its projects. Kavango set up its Zimbabwe gold-focused subsidiary in July 2023. Chief executive […]