Borders & Southern Petroleum plc has raised £2.5 million before expenses through a firm placing and a conditional placing and conditional subscription. ISSUE PRICE Subject to the shareholder approval, the company will issue 142,857,138 new ordinary shares each at 1.75 pence, an approximate 44% discount to its closing price of 3.15 pence on 30 November […]
Finance
Corcel reports increase in costs while losses widen
Corcel plc reported widening losses at the end of year in which it expanded its metals assets in Papua New Guinea (PNG). FINANCES Final audited results for the year ended 30 June 2022 show losses of £2.1 million (2021: 1.2m). Administrative costs rose to £1.26m (2021: 1.0m) reflecting increased insurance costs, professional services costs, share […]
First Class Metals receives £35,998 through warrants exercise
First Class Metals plc has received £35,998.50 following notice to exercise warrants over a total of 359,985 ordinary shares. Following admission, the company’s issued share capital will consist of 66,698,707 ordinary shares with voting rights.
NAE Lochinvar remains ‘commercially robust’
New Age Exploration Ltd said it had received a positive review of a 2014 scoping study, as previously updated in 2017, of its Lochinvar coal project. COSTS NAE owns 100% of three contiguous exploration and conditional underground mininglicences known as Lochinvar, Lochinvar North and Lochinvar South on the border of Scotland and England. A previously […]
Predator directors’ share options-loan raise £1.25m
Predator Oil & Gas Holdings plc’s directors have raised a total £1,256,880 through the exercise of share options and a loan. SHARE OPTIONS The exercise notices are from executive directors Paul Griffiths for 7,855,486 share options and Lonny Baumgardner for 7,855,486 share options issued to them in the company’s unapproved share option schemes between 2018 […]
Hurricane plans to return up to $70m to shareholders
Hurricane Energy plc is planning a “significant”capital reduction programme to distribute reserves of up to $70 million, equivalent to 3.1 pence per share, to shareholders. MEETING Hurricane said that the programme involved cancellation of the company’s share premium account of approximately $822.5m, in order to create distributable reserves. The company intends to start the programme in Q1 2023 should […]