Borders & Southern Petroleum plc has issued 500,000 new ordinary shares in the company following an exercise of warrants over 500,000 new ordinary shares of 1 pence each. DARWIN The exercise price of 1.5 pence per warrant share gives the company an aggregate £7,500. Following admission, Borders’ total issued share capital of the company will […]
Month: March 2025
Metals extends £5.5m bridging term loan
Metals Exploration plc has extended the term of its £5.5 million unsecured bridging term loan facility with Drachs Investments No 3 Ltd to 31 March 2025. The company agreed the December 2024 loan in connection with its acquisition of Condor Gold plc. Drachs holds 12.4% of Metals’ issued share capital.
Predator raises £2m with strategic investors
Predator Oil & Gas Holdings plc has raised £2 million by conditionally placing with strategic investors 50m new ordinary shares of no par value in the company at 4 pence each. CORNERSTONE The company said that the placing utilised some of its existing headroom shares under the Financial Conduct’s Authority prospectus regulation rules. A total 10 million warrants are also […]
Tullow appoints Richard Miller as interim CEO
Tullow Oil plc has appointed chief financial officer Richard Miller as interim chief executive, replacing Rahul Dhir whose departure was announced in December 2024. Mr Dhir is expected to leave the board on 14 February and remain available to Tullow until his notice period ends on 5 June. The company said that the process to […]
Angus receives booster compressor for Saltfleetby
Angus Energy plc has received the booster compressor to add to its existing two compressors at the Saltfleetby field gas processing facility in Lincolnshire. RECOVERY The US-made unit was shipped to the UK and arrived at the site last week. “It has been safely positioned on its concrete plinth and the work to complete the […]
GreenRoc raises £735,000
GreenRoc Strategic Materials plc has raised £735,000 via a 31.57% discounted placing and subscription for a total 56,538,462 new ordinary shares at 1.3 pence per share. DIRECTORS’ DEALINGS The fundraise comprises a placing of £500,000 from institutional investors, £165,000 from existing shareholders, £50,000 from its largest shareholder Alba Mineral Resources plc and £17,500 from directors […]