Beacon Energy plc today became an AIM Rule 15 cash shell after creditors sold certain assets belonging to its German subsidiary to a third party, signalling the start of its liquidation. TRADING Rhein Petroleum GmbH had debts of €7.5 million following a poor show at the Erfelden field in Hessen and lack of “very significant […]
Day: 6 January 2025
Condor shareholders approve sale
Condor Gold plc’s sale to Metals Exploration plc was today overwhelmingly approved by shareholders. HIGH COURT At a court meeting shareholders, together representing more than 75% of the voting rights, agreed to the sale by 99.41%. At a general meeting a total of 99.37% also voted in favour of the proposed transaction. Completion of the […]
Guardian raises £750,000 via placing
Guardian Metal Resources plc has raised £750,000 by way of a placing of 2.5 million new ordinary shares of one pence each with a single existing institutional investor at £0.30 per share. TUNGSTEN The placing shares, with no warrants attached, represent 2.00% of the enlarged issued share capital of the company. The investor is UK asset manager Premier […]
Capricorn awaits delayed Columbus payment
Capricorn Energy plc said it was still awaiting the final US$22.5 million settlement payment relating to the Columbus field from Waldorf Production UK plc. EXTENSION The company acquired a non-operated 25% interest in the field when it sold its interests in the Catcher and Kraken fields under revised term in December 2023. After Waldorf missed […]