Hummingbird Resources plc will cancel its shares from trading after its major creditor Nioko Resources Corporation secured 75% or more of the company’s issued ordinary share capital. The move follows Hummingbird’s increasing debt, challenges at the Yanfolila gold mine in southern Mali, and delays at Kouroussa in Guinea which placed “significant strain” on its balance […]
Month: January 2025
Guardian issues 149,925 shares
Guardian Metal Resources plc has issued 149,925 new ordinary shares of 1 pence each via a warrant exercise at a price of 17p per warrant share. The company, focused on tungsten, lithium and base and precious metals exploration in Nevada, received £25,487.25 in return. Following admission, Guardian’s issued share capital will comprise 126,422,612 ordinary shares of […]
Metals finds new target to process at Runruno
Metals Exploration plc has identified a potential exploration target, which it previously relinquished, that could extend the life of ore processing at Runruno in the Philippines. PERMITS The company said that the gold mine’s processing plant could be redesigned to take any ore from the site, called Dupax, to process into a saleable mixed metal […]
Reabold increases interest in West Newton
Reabold Resources plc has completed its £700,000 acquisition of further shares in Rathlin Energy (UK) Ltd, operator of the onshore West Newton gas joint venture within PEDL183 in East Yorkshire. The company purchased the shares from Connaught Oil & Gas Ltd, increasing its equity interest in Rathlin to approximately 79.8%. Reabold holds a 69.9% economic […]
Europa CEO purchases 623,153 shares
Europa Oil & Gas (Holdings) plc’s chief executive officer William Holland today purchased 623,153 ordinary shares of £0.01 each in the company at a price of 0.83 pence per ordinary share. Following the acquisition, Mr Holland is beneficially interested in a total 6,343,953 ordinary shares, representing approximately 0.661% of the company’s issued share capital. Europa’s […]
Red Rock issues 53.6m shares for cash advances
Red Rock Resources plc has issued in aggregate 53,571,428 shares and an equal number of accompanying warrants to convert cash advances. A total 28,571,428 new ordinary shares of 0.01 pence each at a subscription price of 0.035 pence per share, with 28,571,428 warrants, are to convert a £10,000 advance from an existing shareholder. The warrants are […]