Oriole Resources plc said its joint venture partner intended to exercise its second option to earn a 70% interest in the Senala gold project in Senegal. FIRST OPTION Canadian company IAMGOLD Corporation had the option to spend up to US$8 million to earn a 70% interest. IAMGOLD has spent more than $4m within the first four […]
Finance
Power Metal receives £111,139 in options exercise
Power Metal Resources plc has raised £111,139 after receiving notices to exercise options by a former director. The exercise of options is over 11,113,929 new ordinary shares of 0.1 pence each in the company at an exercise price of 1.0 pence per new ordinary share.
Altus agrees extension for loan repayment with La Mancha
Altus Strategies plc said it had agreed with its largest shareholder La Mancha Fund SCSp (35.08%) to extend the repayment date of the acquisition loan. TERMS The mining royalty company added that the date had extended from 17 February 2022 to 30 June 2022. The annualised interest rate of the facility has increased from 9% […]
Galantas receives C$3.2m in early warrant exercise
Galantas Gold Corporation raised CAD$3,212,666 (£1,865,462) in the early exercise of 6,323,333 warrants at an exercise price of CAD$0.40, with an additional 1,708,333 warrants exercised by insiders, CEO Mario Stifano and Ocean Partners USA Inc. SHAREHOLDERS The early exercise of warrants was by shareholders including Michael Gentile, Melquart Ltd and Eric Sprott. A total of […]
Power Metal receives £37,500 in warrant exercise
Power Metal Resources plc has raised £37,500 after receiving notice to exercise warrants over 5,000,000 new ordinary shares of 0.1 pence each in the company at an exercise price of 0.75p.
Chesterfield raises £700,000 in placing and subscription
Chesterfield Resources plc has raised £700,000 by way of a placing and subscription of 10,000,000 new ordinary shares of 0.1 pence each at 7 pence per share. Each two placing shares will have one warrant attached, exercisable at 12p per ordinary share for the period of 24 months from the date of admission of the placing […]