Finance News Oil & Gas

Angus issues initial 25m shares for £20m loan fees

Posted on Author editorial Comment(1)

Angus Energy plc has issued 25 million new ordinary shares each at 0.40 pence as part payment of £750,000 fees to secure Trafigura‘s £20m loan

The outstanding amount of the total 187.5m fee shares due to Aleph Commodities Ltd are subject to further authorisation at Angus’ general meeting on 14 March 2024.

Following admission, the company will have 4,167,893,340 ordinary shares in issue, each with the right to one vote. Angus holds no ordinary shares in treasury.

Related Articles
Metals & Minerals News Oil & Gas

Alba cancels 313m and reissues 360m share options

Posted on Author editorial

Alba Mineral Resources plc has cancelled and reissued of certain enterprise management incentive (EMI) share options to management and granted certain new share options. A total 313 million share options to management have been cancelled and replaced with 360m new share options. The figure represents approximately 5.17% of the company’s current undiluted issued share capital, […]
Metals & Minerals News

Oriole results back model for Bibemi gold exploration

Posted on Author editorial

Oriole Resources plc said that drill results showed that its preliminary exploration model for mineralisation was correct at the Bibemi gold project in Cameroon. The company today reported further high grade intersections from its 3,118m diamond drilling programme at its 51%-owned venture. Holes BBDD002 to BBDD009 are all from the 5.3km-long Bakassi Zone 1 prospect […]
News Oil & Gas

Block first full quarter gas boosts W. Rustavi revenue

Posted on Author editorial

Block Energy plc recorded a rise in gas production and hydrocarbon prices seeing the company maintain a strong cash balance from its operations in West Rustavi, Georgia. In its operational review of Q2 2021, the company said WR-B1 well on the West Rustavi field targeting 2.1 MMboe of recoverable oil and gas, had materially boosted production. […]

One Reply to “Angus issues initial 25m shares for £20m loan fees”

  1. Pingback: Angus shareholders approve 227m fee shares issue - Extractive Industries

Comments are closed.