Anglesey Mining plc has raised £220,000 via a direct subscription of 22 million ordinary shares at a price of 1 pence per share. USES Following admission, the total number of ordinary shares in the capital of the company in issue will be 483,593,017, with voting rights. Net proceeds will go towards developing Parys Mountain in […]
Finance
Corcel increases stake in KON-16
Corcel plc has acquired an additional 20% in its operated block KON-16 in the Kwanza Basin, onshore Angola. FUNDRAISE The acquisition, subject to approvals, is through its 90% owned subsidiary Atlas Petroleum Exploration Worldwide Ltd (APEX), taking its total holding to 55% gross, with 49.5% net to Corcel and at no cost. KON-16 covers 1,022 km2 […]
Guardian receives £30,787 via warrant exercise
Guardian Metal Resources plc received £30,787.68 following notices to exercise warrants over a total 181,104 new ordinary shares of 1 pence each in the company, at 17p per warrant share. Following admission, Guardian‘s issued share capital will comprise 119,292,385 ordinary shares of 1p each, with voting rights.
Critical Mineral raises further £100,000
Critical Mineral Resources plc has raised an additional £100,000 through the convertible loan note issue in July, taking the total to £1 million. CMR also issued 1,090,909 warrants as payment for fees. The company, focused on metals exploration in Morocco, said the fundraise followed further strong demand.
Ascent raises $1m via direct subscription
Ascent Resources plc has raised gross US$1million (£763,170) via a direct subscription at a 43% premium. The company issued 33,181,304 new ordinary shares of 0.5p each to oil and gas investor CB Energy VI, LLC at a price of 2.3 pence per new share. Following completion of the subscription and admission, CB Energy will have […]
Fulcrum raises £643,500 via subscription
Fulcrum Metals plc has raised £643,500 via a 45% discounted conditional subscription of 8,043,750 new ordinary shares of 1 pence, at a price of 8 pence per share, by certain existing shareholders. DIRECTORS The company’s directors will later this month raise an additional £114,500, comprising a £89,769 subscription and conversion of outstanding salaries totalling £24,731 into […]