Arkle Resources plc has raised £200,000 before expenses through a placing of 50,000,000 new ordinary shares at 0.4p per share. Each placing share has one warrant attached with the right to subscribe for one new ordinary share at 0.5p for a period of two years. DIRECTORS’ DEALINGS Chairman John Teeling and non-executive director David Cockbill […]
Finance
Alba conditionally raises £500,000 via placing
Alba Mineral Resources plc has raised £500,000 before expenses through the issue of 500 million new ordinary shares at a price of 0.1 pence per ordinary share. Each subscriber in the discounted placing will receive one warrant for every two subscribed shares, for a total of 250 million warrants. The warrants will have an exercise price of 0.2 pence per share and […]
Altona secures £150,000 loan for Monte Muambe
Altona Rare Earths plc has secured a £150,000 loan to complete its 2022 programme and assay costs for its Monte Muambe project in northwest Mozambique. MRE The company will draw down the short-term loan facility from Align Research Investments Ltd in two tranches during November at a fixed interest rate of 15%. “In order to […]
Predator issues 17m share options to directors
Predator Oil & Gas Holdings plc has issued a total 17 million options over new ordinary shares under the company’s existing option scheme to three directors. PDMRs The board’s remuneration committee resolved to award non-executive director Carl Kindinger with 2,000,000 options; executive chairman Paul Griffiths, 7,500,000 options; and managing director Lonny Baumgardner, 7,500,000 options. Options issued […]
CAML clears $187m debt for Sasa mine
Central Asia Metals plc has, after five year’s ownership, repaid the $187 million debt it needed to acquire the Sasa zinc-lead mine in North Macedonia. FINANCES The company is marking its fifth anniversary with a list of achievements during that time period. On 6 November 2017, Central Asia Metals bought Sasa, which began production in […]
Baron receives £117,125 via warrant exercise
Baron Oil plc received £117,125 following notice for the exercise of warrants to subscribe for 117,125,001 new ordinary shares of 0.025p each in the company. The exercise price of these warrants is 0.1 p per new ordinary share. Baron Oil said that following the exercise of these warrants there would be no further warrants over the company’s […]