UK Oil & Gas plc (UKOG) raised £3 million in a discounted placing 3,428,571,425 new ordinary shares each at 0.0875 pence. The company said the placing price represented a discount of 20.3% to the closing price of 0.1098 pence per ordinary share on 9 September 2022. The placing shares are equal to 16.25% of the […]
Finance
Prospex receives £80,000 via warrant exercise
Prospex Energy plc received £79,999.50 following notice for the exercise of warrants to subscribe for 2,666,650 new ordinary shares of 0.1p each in the company. The warrants were issued pursuant to a warrant agreement in February 2022, relating to a placing announced in March 2021. The exercise price is 3 pence per warrant exercised. Following admission, Prospex […]
British Lithium awarded £2m
British Lithium Ltd has been awarded a £2 million government grant to develop its project to extract lithium carbonate from mica in Cornish granite. FUND The Australian company received the money as part of the Advanced Propulsion Centre (APC)’s automotive transformation fund, which supports large scale industrialisation. The news follows yesterday’s announcement from local company […]
Cornish Lithium awarded further grant for Trelavour
Cornish Lithium Ltd has secured additional government funding to help develop its hard rock lithium project at Trelavour near St Austell, Cornwall. GRANT The undisclosed sum of money is from Innovate UK through the automotive transformation fund (ATF)’s scale up readiness validation competition (SuRV). Cornish Lithium will use the grant to construct a hydrometallurgical section […]
Prospex Energy receives £100,000 via warrant exercise
Prospex Energy plc received £100,000.02 following notice for the exercise of warrants to subscribe for 3,333,334 new ordinary shares of 0.1p, each for 3 pence. The warrants, issued pursuant to a warrant agreement dated 23 February 2022, relate to a placing in March 2021. Following admission there will be a total of 260,026,699 ordinary […]
Power Metal raises £1m via placings
Power Metal Resources plc has raised a total of £1,080,000 via two placings, including one by a single investor, to fund drilling at its nickel sulphide project at Molopo Farms Complex, Botswana. PLACINGS The company said that the financing would also enable potential expansion of other priority exploration activities. In the first placing, Power Metal […]