Ascent Resources plc has raised £242,500 after agreeing to the immediate exercise of the remaining equity warrants issued on 6 August 2020. The August 2020 warrant holders owned in total a remaining 6,062,500 new equity warrants exercisable at 4 pence per new warrant share. In exchange for the accelerated warrant exercise, Ascent agreed to issue […]
Finance
Oriole receives £403,000 R&D tax rebate
Oriole Resources plc said it had received a tax rebate of £403,000 in relation to “geoscientific advances sought by the company through its exploration programmes” in West Africa. GEOLOGICAL DATA The company made the research and development (R&D) tax relief claim from Her Majesty’s Revenue and Customs for the year ended 31 December 2021. Oriole added […]
Angus Energy raises £675,000 via placing
Angus Energy plc has raised £675,000 through placing 61,363,634 ordinary shares to certain investors at a price of 1.1 pence per share. PROCEEDS The issue of shares represents less than 5% of the enlarged capital of the group. Net proceeds of the placement will go towards working capital and general costs. Angus said that following admission, the total number […]
Tungsten West raises £283,600 via warrant exercise
Tungsten West plc has raised £283,600 after exercising 460,000 warrants to subscribe for new ordinary shares of a nominal value of one penny each. The subscription will be at a price of 25 pence per ordinary share, and an exercise of 648,400 warrants at a price of 26 pence per ordinary share.
Scotgold signs £3m loan with Fern Wealth
Scotgold Resources Ltd said it had entered into an agreement with Fern Wealth GmbH for up to £3 million to advance the Cononish gold-silver mine near Tyndrum in Scotland. FERN WEALTH The company added that the loan would be from a syndicate of high net worth investors. Fern Wealth is a wealth management company based […]
VOG temporarily stops trading after $12m award ruling
Victoria Oil & Gas plc (VOG)’s shares were yesterday suspended after an arbitral tribunal of the International Chamber of Commerce (ICC) ruled against the company’s subsidiary Gaz du Cameroon, making an award of US$12.1 million. NO DELAYS The dispute between GDC and RSM Production Corporation relates to previous work in Cameroon. The company said that […]