Power Metal Resources plc received notices to exercise warrants over 6,250,000 new ordinary shares of 0.1 pence each in the company, for £43,750. The warrant shares have an exercise price of 0.7 pence per ordinary share.
Finance
Cora Gold raises £4.25m via placing-subscription
Cora Gold Ltd has conditionally raised £4,250,000 before expenses through a placing and subscription. The fundraise was of 42,500,000 new ordinary shares of no par value at a price of 10 pence per ordinary share.
Cornish Lithium to receive up to £18m from TechMet
Cornish Lithium Ltd is to receive up to £18 million from technology metals investment company TechMet Ltd. TERMS The investment, subject to shareholder approval, will be in two tranches raising up to £18m at a weighted average subscription price of 16.12 pence per share. Tranche one sees the South African investor subscribe for £9m new […]
Horizonte raises £147.4m via placing
Horizonte Minerals plc said it had raised approximately £147.4 million (US$197m) through a placing, an offering and subscriptions. The equity fundraise comprises: . 606,123,712 new ordinary shares in a UK placing, raising some £42.4m · 126,072,398: Canadian offering (£8.8m) · 74,738,416: Glencore subscription (£5.2m) · 533,845,825: Orion subscription (£37.4m) · 759,128,764: Mancha subscription (£53.2m)
Power Metal raises £1.05 million through placing
Power Metal Resources plc has raised £1.05 million through the issue of 60,000,000 new ordinary shares of 0.1p each. The funds were raised at the closing market mid-price of 1.75p on 12 November, increasing the company’s working capital comprising solely cash and listed investments to circa £3m. The new shares issued represent a dilution of 4.5% of current issued share […]
Power Metal investee Katoro raises £815,000
Power Metal Resources plc’s investee Katoro Gold plc has raised £815,000 from a placing of 81,500,000 new ordinary shares at 1 pence per share, of par value £0.01 each. Power Metal holds a direct 35% interest in the company as well as 10,000,000 shares and 10,000,000 warrants.