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 […]
Finance
EnQuest borrows $750m for Golden Eagle
EnQuest plc has signed a new senior secured borrowing base debt facility for $750 million (£531 million) to refinance the Golden Eagle acquisition in the Central North Sea. The new facility is for $600 million with an additional $150 million for letters of credit for up to seven years. EnQuest said it would allow the […]
Predator raises £1.5m via placing
Predator Oil & Gas Holdings plc raised £1,500,000 before expenses after conditionally placing 10,000,000 new ordinary shares at a placing price of 15 pence each. The company said that the placing was significantly oversubscribed.
Red Rock raises £202,205 through warrant exercise
Red Rock Resources plc said it had received £202,205.88 following notices to exercise warrants over 26,960,784 new ordinary shares of 0.01 pence each in the company. The warrant shares are being issued pursuant to the exercise of 26,960,784 warrants into shares at an exercise price of 0.75 pence per share.
Cora Gold raises £3.1m via subscriptions
Cora Gold Ltd said it had conditionally raised £3,132,937.50 million (before expenses) through a subscription of 40,425,000 new ordinary shares of no par value in the company at 7.75 pence per ordinary share. Excess demand from subscribers to the fundraising means that Cora allotted the maximum number of shares. Binding commitments to subscribe for a […]
Kavango Resources raises £231,250 in warrant exercise
Kavango Resources plc said it had received £231,250 following notices to exercise warrants over 9,250,000 new ordinary shares of £0.001 each in the company. The warrant shares are being issued pursuant to the exercise of warrants granted and announced in April 2020.