Horizonte Minerals plc said it had raised £18 million following a placing of 162,718,353 new ordinary shares with new and existing investors at a placing price of 7.5 pence per placing share. Gross proceeds (US$25.0m / C$ 31.7m) before expenses were approximately £12.2m from the placing and £5.8m from the Canadian offering.
Finance
Power Metal raises £88,962 through warrant exercise
Power Metal Resources plc said it had received subscription monies of £88,962 following notices to exercise warrants over 8,896,200 new ordinary shares of 0.1 pence each in the company (warrant shares). The warrant shares are being issued pursuant to the exercise of 8,896,200 warrants at an exercise price of 1.0 pence per ordinary share of […]
Red Rock receives £1m via placing
Red Rock Resources plc has raised £1 million by way of placing 95,238,095 new ordinary shares of 0.01 pence each in the company at a price of 1.05p per share. The company plans to issue non-transferable warrants, with a life of two years and an exercise price of 2 pence, to subscribers to the placing […]
Europa to raise £2m via placing-broker option
Europa Oil & Gas (Holdings) plc has conditionally raised £2 million through a placing and broker option. The company conditionally raised £1.5 million (before expenses), through the issue of a total of 115,384,616 new ordinary shares at a price of 1.3 pence per placing share. Europa has also granted a broker option to conditionally raise up to a […]
Condor Gold raises £4 million via private placing
Condor Gold plc announced it has raised £4 million after placing 9,523,810 new ordinary shares in the company of 20p each (placing shares) at a price of 42p per placing share. The placing includes Condor Gold directors’ and chief financial officer’s subscriptions of 4,871,414 placing shares to raise in aggregate gross proceeds of £4,000,000 (placing) before expenses. The placing […]
Conroy Gold raises £43,750 through warrant exercise
Conroy Gold and Natural Resources plc said it had received £43,750 following notices to exercise warrants over a total of 125,000 ordinary shares of €0.001 each (ordinary shares) at an exercise price of 35 pence per ordinary share (warrant shares). The warrants (financing warrants) were issued as part of the fundraising announced by the company […]