Finance Metals & Minerals News

Altona raises £177,700 via placing

Altona Rare Earths plc raised £177,700 before expenses, through the issue of 1,480,836 new ordinary shares at an issue price of 12 pence per share, a 29% premium to the closing share price on 18 June 2021. The company is issuing 740,419 warrants, on a one warrant for every two shares purchased basis, to the […]

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Hurricane bondholders back restructure

Hurricane Energy plc’s bondholders today voted 100% to support the company’s restructuring plan while the majority of shareholders voted against it. Shareholder votes in favour were reported at 7.66% compared with 92.34% opposing the plan. The company said that 1,518,667 votes were withheld and 32.87% of the issued share capital voted. Hurricane added that because […]