Panther Metals plc has received notice to convert the remaining principal amount of convertible loan notes plus interest for a total £53,668 including a 4.25% extension premium. The Ontario-focused company issued to the remaining holders 52,360 new ordinary shares at £1.025 per ordinary share. Following admission, Panther’s total issued share capital will consists of 4,279,080 […]
Finance
CMR converts £33,000 CLN into shares
Critical Mineral Resources plc has received notice to convert the principal amount of a convertible loan note plus accrued and unpaid interest for a total £33,000. The Morocco-focused company issued 1,462,926 new ordinary shares of £0.01 each and allotted 1,537,074 treasury shares of £0.01 each, for a total three million ordinary shares. Following admission, CMR’s […]
Kouroussa misses target commercial production
Hummingbird Resources plc said that the Kouroussa gold mine had achieved commercial production below target due to “lower than expected” mill feed grade. CONSTRAINTS The Guinea project’s four-week trailing average production increased to approximately 1,900 oz, lower than the previously announced target of 2,000-2,500 oz per week. The figure is not expected to ease the […]
UKOG raises £55,537 via retail offer
UK Oil and Gas plc has raised £55,537 from its retail offer by issuing 222,148,000 new ordinary shares of £0.000001 each at 0.025 pence per share. The offer to the company’s existing retail shareholders is separate to earlier placing which raised £500,000. Following admission UKOG’s voting rights will total 13,362,909,833.
EnQuest lowers FY production after outage
EnQuest plc said full year production would be slightly lower than guidance after Magnus was shut in following an unplanned outage at the Ninian central platform. INVESTMENT The company led a short dive support vessel campaign in early November to inspect and repair the subsea hydraulic system. Production at the field has now returned to […]
CMR sets up JV trading arm in Morocco
Critical Mineral Resources plc has agreed a joint venture to trade mined metals and industrial minerals from Morocco. EXPERTISE The 70-30% deal is with “a Moroccan trading company” which has access to sources of mined materials and international customers. Both partners will also “source metal and mineral concentrates and raw ores” before arranging delivery to […]