Hummingbird Resources plc has refinanced its loan agreement to US$35.6 million to support its subsidiary’s operations in southern Mali. NEEDS The unsecured amount plus accrued interest at 9%, from its largest shareholder Nioko Resources Corporation, is repayable on 31 December 2025. The new arrangement follows Nioko’s mid-December buyout cash offer for the company. Hummingbird shareholders […]
Month: January 2025
Red Rock issues 28.5m shares to convert advance
Red Rock Resources plc has issued 28,571,428 new ordinary shares of 0.01 pence each in the company to convert an advance of £10,000 from an existing shareholder. The subscription was at 0.035 pence per share with 28,571,428 accompanying warrants, exercisable at 0.040 pence per share before 27 December 2027. Following admission, the company’s issued ordinary share […]
Jersey Oil & Gas NED retires
Jersey Oil & Gas plc non-executive director and chairman of the audit committee Marcus Stanton has retired. Mr Stanton had been with the company since it listed in 2015, firstly as non-executive chairman and latterly as a NED. “I would like to express my thanks to Marcus and wish him well in all his future […]
Panther confirms 1.2km gold trend at Dotted Lake
Panther Metals plc has confirmed a 1.2km long open-ended gold trend from diamond drilling at Dotted Lake on the north limb of the Schreiber-Hemlo greenstone belt in Ontario, Canada. CORRELATION The company’s first phase I drill core assays also showed an intersection of “high grade zinc/gold volcanogenic massive sulphide-style mineralisation”. Drill hole DL24-001 returned “highly anomalous […]
Karelian deputy chairman resigns
Karelian Diamond Resources plc deputy chairman and non-executive director Séamus Fitzpatrick resigned, effective today. The company said that Mr Fitzpatrick’s “significant” business interests in the USA had left him insufficient time for the company. “Seamus has confirmed his ongoing support and commitment to the success of Karelian and I would like to thank Seamus for […]
Ascent CEO in director dealings
Ascent Resources plc chief executive officer Andrew Dennan has engaged in direct and indirect share dealing in the company. On 20 December C4 Energy Ltd sold 2,173,913 ordinary shares of £0.005 each in Ascent at 2.2023p per share for £47,876.08 and now holds no shares in the company. Mr Dennan holds a 25% beneficial interest […]