First Class Metals Ltd (FCM) has expanded its flagship Hemlo North gold-base metal project and begun a key technical study in the Hemlo – Harte region, Ontario. TRENDS The company staked a further 15 new mining cell claims contiguous to the existing project, expanding the asset by 3.7% to 86.62km2. Telluris Consulting will conduct a […]
Finance
IOG raises £8.5m via placing-subscription
IOG plc raised £8.5 million through a placing and subscription of 33,800,000 new ordinary shares each at a price of 25 pence with existing and new investors. BOARD AND PDMR Certain directors and persons discharging managerial responsibilities (PDMRs) have entered into direct subscription agreements with the company for a total of 200,000 shares raising approximately […]
Union Jack raises £3m via placing
Union Jack Oil plc has raised £3 million by way of a placing of 13,636,364 new ordinary shares of 5 pence each at a price of 22 pence per new ordinary share. USES Funds raised will be mainly used at the company’s onshore hydrocarbon projects in Wressle and Biscathorpe.
Oriole raises £1.77m via placing-subscriptions
Oriole Resources plc said it had conditionally raised £1.77 million before expenses, comprising £1.75m in an oversubscribed placing and £20,000 as director subscriptions. The fundraise was through issuing a total of 416,470,880 new ordinary shares, of which 4,705,881 was for the directors, at a price of 0.425 pence per share. The proceeds from the placing […]
Altona raises £1.25m from placing
Altona Rare Earths plc has raised £1.25 million before expenses from a “significantly over subscribed” placing. Funds raised will be used for evaluating and developing projects in Africa.
Power Metal raises £100,000 via warrant exercise
Power Metal Resources plc raised £100,000 following notice to exercise warrants over 5,000,000 new ordinary shares of 0.1 pence each (warrant shares). The warrant shares are issued pursuant to the exercise of 5,000,000 warrants at an exercise price of 2.0 pence per ordinary share of 0.1 pence each in the company.