Finance News Oil & Gas

Prospex raises £859,323 via wrap retail offer

Prospex Energy plc has raised £859,323.60 via a “significantly oversubscribed” wrap retail offer for 14,322,060 new ordinary share at an issue price of 6 pence per share. The proceeds add to the placing and subscription earlier this week, taking the total raised to approximately £4.2 million. Following admission of the placing, subscription and wrap retail […]

Finance Metals & Minerals News

Tertiary signs First Quantum earn-in for Mukai

Tertiary Minerals plc subsidiary in Zambia has signed a binding letter of agreement for First Quantum Minerals Ltd to earn in up to 90% on the Mukai copper project. MILESTONES Exploration licence 27066-HQ-LEL, held by Tertiary’s local partner Mwashia Resources Ltd, covers 55.4km2 and lies in the Domes region of the Zambian copper belt. In September […]

Finance News Oil & Gas

UKOG issues shares for employee benefit scheme

UK Oil & Gas plc directors agreed a subscription of 476,897,760 ordinary shares to take its employee benefit trust to the original 10% level of the company’s issued share capital.  PLACING Employee benefit trustees trustees, Altum Trustees Ltd, subscribed for the ordinary shares at a price per share of £0.000001. The company said that the move […]

Finance Metals & Minerals News

Panther issues 57,000 shares

Panther Metals plc issued 57,073 ordinary shares to executive chairman Nicholas O’Reilly for £8,500 interest following exercise of conversion rights attached to the £50,000 convertible loan notes held by him. The new ordinary shares, of no par value in the company, are each at a price of £1.025. Following the 1 August notification, Mr O’Reilly […]

Finance Metals & Minerals News

FCM raises £256,500 via placing

First Class Metals plc has repaid 5.9 million shares to and borrowed 9.5m from its chairman, raising £256,500 via a 16% discounted private placing of 9.5m shares at 2.7 pence per share. ONTARIO In July Mr Knowles loaned two tranches of shares totalling 5,912,059 ordinary shares of £0.001 par value, which were issued to him […]