Red Rock Resources plc has issued 43,781,746 new ordinary shares of £0.0001 each in the company in settlement of £56,819.95 debt owed to Riverfort Global Opportunities PCC Ltd. The shares are each at a price of 0.12978 pence. Following admission, Red Rock’s total issued share capital will consist of 2,026,832,044 ordinary shares, each with one […]
Finance
Corcel acquires first oil and gas project
Corcel plc has acquired its first oil and gas asset with 90% ownership of Atlas Petroleum Exploration Worldwide Ltd (Apex) in the Kwanza basin, onshore Angola. ASSETS The acquisition also sees executive chairman James Parsons return to familiar commodities, having started his career in oil and gas with Royal Dutch Shell in Brazil. Apex, with headquarters […]
Power Metal receives £43,750 via warrant exercise
Power Metal Resources plc received £43,750 from the exercise of warrants by former chief executive Paul Johnson over 6,250,000 new ordinary shares. The shares of 0.1 pence each in the company were exercised each at a price of 0.7p. As a result, Paul Johnson and Michelle Johnson will hold 82,250,000 Power Metal shares equating to 3.98% of issued share capital. Following admission, […]
Predator receives £50,000 via share options exercise
Predator Oil & Gas Holdings plc has received £50,000 after former director Louis Castro exercised one million share options. The exercise is in accordance with the company’s unapproved share option scheme dated 27 October 2020 to subscribe for 1,650,000 new shares of no par value in the company at 5p per share. Following admission, Predator’s […]
Tungsten West starts open offer
Tungsten West plc has today started an open offer to raise up to £2 million for costs at the Hemerdon tin-tungsten mine in Devon. TRANCHES The open offer is at an issue price of 3 pence per new ordinary share, with up to 66,666,666 new ordinary shares offered to existing shareholders. The company also confirmed […]
Conroy Gold settles Karelian debt with shares
Conroy Gold and Natural Resources plc has acquired shares in Karelian Diamond Resources plc to part-settle debt owed to it. TERMS The company has also agreed a loan to help fund Karelian’s exploration in Finland. As at the end of the six-month period ending 30 November 2022, Dublin-based Karelian owed Conroy Gold €234,651. Conroy Gold […]