Alba Mineral Resources plc has raised £75,000 before expenses by placing 600 million new ordinary shares each at 0.0125 pence to an institutional investor. Following admission, the company’s ordinary shares in issue will total 11,541,721,949, with none held in treasury. Alba’s assets include the Dolgellau gold belt, including the historic gold mines of Clogau-St David’s […]
Finance
Red Rock issues 71m shares for advance
Red Rock Resources plc has issued 71,428,571 new ordinary shares of 0.01 pence each at a subscription of 0.035 pence per share to convert a £25,000 advance from an existing shareholder. TVRs The issued shares have accompanying 71,428,571 warrants, exercisable at 0.045 pence per share at any time before 24 February 2028. Following admission, Red Rock’s […]
Panther publishes prospectus
Panther Metals plc has today published a prospectus to allow it to trade on the main market of the London Stock Exchange, following the conditional fundraise in January. The placing involved the issue of 910,000 ordinary shares of no par value at a price of 50 pence per each, raising £455,000. Following admission, the Ontario-focused […]
FCM issues 91m shares on prospectus publication
First Class Metals plc has issued nearly 91 million shares on today’s publication of an approved prospectus, following a proposed £2.18 million investment in December 2024. OWNERSHIP The Ontario-focused explorer issued 78,552,084 new ordinary shares of £0.001 each to The Seventy Ninth Group Ltd to meet the terms of the investor’s subscription. The balance of […]
Borders increases fundraise to £2.2m
Borders & Southern Petroleum plc has raised £200,000 through the issue of 4,210,526 shares at 4.75 pence each in a retail offer “almost three times oversubscribed”. SOUTH FALKLAND The funds raised add to the company’s placing and subscription last week, taking the total to £2.2 million. Following admission, Border’s total number of ordinary shares in […]
Red Rock pursues DRC arbitration
Red Rock Resources plc said it remained on course with its arbitration proceedings in the Democratic Republic of Congo, despite conflict and demonstrations. PARTNERS Chairman Andrew Bell added: “Inevitably the invasion in the east of the country has been a distraction and caused delay, including days when offices were shut and flights cancelled. “By maintaining […]