Oriole Resources plc aims to raise £1,767,000 through a subscription for 930 million new ordinary shares each of 0.1 in the company by Lanstead Capital Investors L.P. SHARING AGREEMENT The issue price of 0.19 pence represents a 21% premium to the closing mid-market price of 0.15 pence of the ordinary shares on 31 July 2023. […]
Finance
Predator targets minimum £7m via private placing
Predator Oil & Gas Holdings plc aims to raise a minimum £7 million gross via a placing for institutional investors on completion of an accelerated bookbuild process. USES The company, with onshore oil and gas operations in Morocco and Trinidad, will issue new ordinary shares in the capital of the company at a price to […]
IOG in talks for further waiver on debt
IOG plc is in discussions with bondholders for a further waiver on the postponed interest payment due today under the €100 million senior secured bond. STABILITY The company, which owns the Saturn Banks infrastructure and gas licences in the southern North Sea, deferred the initial payment from 20 June to 31 July. IOG today said […]
Anglesey Mining raises £500,000 via placing
Anglesey Mining plc has raised £500,000 via a placing of 33,333,329 new ordinary shares with certain institutional and other investors at a price of 1.5 pence per share. JUNO LIMITED Majority shareholder Juno Ltd converted debt for equity by subscribing for up to 6,950,000 new ordinary shares, capped at pro-rata ownership level. Following the placing, […]
Alba starts dewatering lower Llechfraith
Alba Mineral Resources plc has begun dewatering the Lower Llechfraith workings containing the primary gold target within the Clogau-St David’s mine system in North Wales. GEOPHYSICAL SURVEYS The company added it expected to start safety works this week. However, unmanned aerial vehicle (UAV) geophysical survey flights planned over the wider Dolgellau gold exploration project are […]
Power Metal targets additional investors with OTC listing
Power Metal Resources plc aims to attract American investors by applying for an OTC listing in the USA. EXPLORATION The company which today also reported an increase of audited shareholder’s equity of £10.2 million as at 30 September 2022 to an unaudited figure of £15.5m as at 30 June 2023. Over the same period, the company’s […]