Corcel plc said it had refinanced its debt totalling £673,348 with lenders Riverfort Global Opportunities PCC Ltd and YA II PN Ltd. REPAYMENTS The company will pay £235,671 cash in the coming three months and a 5% refinancing fee will be added to the outstanding balance. The remaining £471,343 will be subject to a twelve-month […]
Finance
Clontarf raises £1.3m via placing and subscription
Clontarf Energy plc has raised £1,300,000 before expenses via a placing and subscription for 2 billion new ordinary shares 0.01p each in the company. ISSUED SHARE CAPITAL The fundraise through “several Australian based brokers” was at a price of 0.065p per placing share, representing approximately 45.76% of the company’s issued share capital as enlarged by […]
Power Metal raises £900,000 via placing-subscription
Power Metal Resources has raised £900,000 before expenses from a completed placing and subscription. FINANCING The company issued 64,285,714 new ordinary shares of 0.1p each in the company at an issue price of 1.4p per share, the closing market bid price on 13 January 2023. Each financing share has an attaching warrant to subscribe for one new […]
Angus issues second tranche shares from £7m fundraise
Angus Energy plc has restarted drilling at Saltfleetby and is to issue the second tranche of shares following its two-tranche fundraise comprising a placing and subscriptions in December 2022. SALTFLEETBY DRILLING The company said that drilling has to date reached 2,553 metres measured depth at the onshore gas field within PEDL005 on the coast of […]
GreenRoc Mining raises £18,000 from broker option
GreenRoc Mining plc has raised £18,000 before costs by placing 400,000 new ordinary shares at 4.5 pence per share in a broker option announced earlier in December. BROKER OPTION The broker option, which closed on 22 December, was for those existing shareholders and other investors who had no opportunity to participate in a placing conducted […]
Corcel’s proposed director to subscribe for 38.8m shares intended for distribution
Corcel plc said that its proposed director Mr Yan Zhao will subscribe for a third of shares previously earmarked for distribution by private investment company AUSPECT Investment PTY Ltd. FUNDRAISE On 14 December 2022, Corcel announced it had raised £466,000 at a “significant premium” to the current share price from AUSPECT. The Australian company had told […]