Kavango Resources plc issued 1.48 billion shares following publication of its prospectus approved by the Financial Conduct Authority. LISTING The shares issue relates to a £10 million fundraise in 2024 involving 938,028,569 and 547,995,076 new ordinary shares, comprised of a conditional placing and convertible loan notes, respectively. Following admission, Kavango’s total issued share capital will […]
Finance
Capricorn receives $50m from Sangomar sale
Capricorn Energy plc said it had received the $50 million payment due from Woodside Energy relating to the sale of its production sharing contract interests in the Sangomar oil field, Senegal. FOCUS The company aims to return any available proceeds of the contingent payment to its shareholders, which is subject to any disputed tax obligations […]
Predator acquires 51% of Bonasse field operator
Predator Oil & Gas Holdings plc expects to start receiving revenues from its new 51% holding in the operator of the Bonasse field in the Southwestern Peninsular, Trinidad. TECHNOLOGY The $170,000 investment in Caribbean Rex Ltd adds to Predator’s existing country assets of the Cory Moruga oil field, containing the Snowcap discovery, and its extension, […]
Panther raises £455,000 via discounted placing
Panther Metals plc has raised £455,000 via a conditional 37.5% discounted placing of 910,000 ordinary shares of no par value at 50 pence per placing share. DOTTED LAKE The placing is subject to publication of a prospectus, expected in mid-February 2025. Each placing share will have one warrant attached to subscribe for one new ordinary share at a […]
Tungsten West raises £2.8m via CLNs
Tungsten West plc conditionally raised £2.8 million by adding a further tranche to its existing 2023 convertible loan notes. HEMERDON Certain existing CLN holders subscribed for tranche G in part A for £1.9 million and part B for £900,000. The company also proposes a “major” capital raise expected from the beginning of Q2 2025 which […]
Metals improves La India production estimates
Metals Exploration plc said its initial estimates showed “significant improvements” to the previous bankable study for La India gold mine project in Nicaragua. ADVANCED Following a site visit last November and internal studies, the company has increased the 2022 figures for open pit mining to 2025 figures based on open pit / underground production. Annual […]