Scotgold Resources Ltd temporarily stopped trading today at the company’s own request pending clarification of the company’s financial position. The company’s ordinary shares of no par value stop trading from 7.30am on AIM at its own request. In March, Scotgold raised concerns over its future following low gold grades, lack of funding, rising losses and […]
Finance
Tertiary defers diverting resources to Storuman
Tertiary Minerals plc has no immediate plans to divert significant resources from its base and precious metals projects to its wholly owned Storuman fluorspar deposit in Sweden. REINDEERS The decision follows the country’s government yesterday annulment of the Mining Inspectorate’s 2019 decision to refuse the company’s application for a mining concession. “This is a welcome […]
Helium One raises £6.8m via fundraise and retail offer
Helium One Global Ltd raised a total £6.8 million via a fundraise and retail offer through the issue of 113m ordinary shares of no par value in the company at 6 pence per ordinary share. DIRECTORS DEALINGS A placing, conducted through an accelerated bookbuild process, of 104,383,335 new ordinary shares raised £6.26m and a subscription […]
EnQuest plans exit from Nasdaq Stockholm
EnQuest plc plans to delist from Nasdaq Stockholm because of additional compliance costs when it no longer had a legal or physical presence in Sweden. EUROPEAN UNION The company depends on external support to ensure compliance with Nasdaq Stockholm, which had created the additional unexpected expense. The formal application for delisting will be submitted to […]
Prospex converts £225,377 CLNs to 5.3m shares
Prospex Energy plc received notices to convert a total £225,377.72 in two convertible loan notes (CLNs) in exchange for 5,303,006 new ordinary shares of 0.1p each in the company. The CLNs, issued in July 2022, are convertible at 4.25p per share. On admission, Prospex will have a total of 312,603,360 ordinary shares in issue. Chief executive […]
Ormonde shares admitted to Aquis Growth Market
Ormonde Mining plc’s ordinary shares totalling 472,507,482 of €0.01 each in the company were today admitted to the access segment of the Aquis Growth Market. The Dublin-based company’s ordinary shares will be cancelled from trading on AIM and Euronext Growth with effect from 5 September 2023. Following admission, major shareholder and Empire Cinemas owner Thomas […]