Corcel plc has raised £500,000 from the issue of 500,000,000 new ordinary shares of £0.0001 at £0.001 per ordinary share with high net worth investors. The fundraise follows Extraction Srl and a third-party’s inability to provide funds within time for the 15 April equity placing. The 180,000,000 ordinary shares and 180,000,000 warrants which were due to be issued to the […]
Finance
Golden Metal receives £136,858 via warrant exercise
Golden Metal Resources plc received £136,858.86 following notices to exercise warrants over 805,052 new ordinary shares of 1 pence each in the company at 17p per warrant share. On admission, Golden Metal’s issued share capital will comprise 109,832,217 ordinary shares of 1p each, with voting rights. The transaction was on 14 June.
UKOG makes further loan repayment
UK Oil & Gas plc has further reduced its £2 million loan from 2023 with RiverFort Global Opportunities PCC Ltd and YA II PN Ltd. The company issued a further 238,095,238 equity shares to repay £50,000, leaving a balance of £260,000. Following admission, UKOG’s total voting rights will be 4,586,597,988 ordinary shares.
FCM completes McKellar-Enable sale
First Class Metals plc has sold its McKellar gold-VMS and Enable gold-silver properties to the Seventy Ninth Group Ltd for a total £270,000 and agreed a £230,000 loan with the purchaser. OPPORTUNITIES The company said that Seventy Ninth Resources Ltd, which is preparing to list on the Toronto Stock Exchange Venture, continued to progress due […]
Orcadian secures £1.15m loan to repay Shell
Orcadian Energy plc has secured a two-year £1.15 million loan with an as yet unnamed industry partner to repay the outstanding £1m loan to Shell. The loan will settle from the completion payment due under a proposed farm-in or joint venture on Orcadian’s recently offered southern North Sea licence. Interest, of between 6% and 9%, […]
GreenRoc raises £100,000 via placing
GreenRoc Mining plc has raised £100,000 through the issue of 5,263,157 new ordinary shares at a price of 1.9 pence per share. The placing shares were issued in response to an offer to invest from an institutional shareholder. Following the issue of the placing shares, GreenRoc’s total issued share capital will consist of 192,727,926 ordinary […]