Condor Gold plc said it had raised £3.25 million before expenses through a private placing of 11,607,149 units each at a price of 28p, including a directors’ subscription of 1,833,573 units. PLACING Each unit is comprised of one ordinary share in the company with a nominal or par value of 20p each and one-half of one […]
Finance
Dugbe DFS reveals 2.76Moz gold reserves
Hummingbird Resources plc said a definitive feasibility study showed a 2.76 million oz reserve base and 14-year life of mine with further potential for its 2,559 km2 Dugbe gold project in southern Liberia. MINE LIFE Currently comprising two deposits of Dugbe F and Tuzon, discovered by Hummingbird in 2009 and 2011 respectively, the project holds […]
Cornish Metals appoints new auditor
Cornish Metals Inc announced it had changed its auditor from Davidson & Company LLP to PKF Littlejohn LLP. The Canadian company will recommend the new appointment for shareholders’ approval at its next general meeting due at the end of July 2022.
Predator starts litigation over terminated CO2 EOR project
Predator Oil & Gas Holdings plc said it had started a litigation process over the £591,065 FRAM loan for its Inniss-Trinity carbon dioxide enhanced oil recovery (CO2 EOR) project in Trinidad. FRAM The company signed an agreement with FRAM Exploration Trinidad Ltd which is a wholly owned subsidiary of Challenger Energy Group plc. Predator added that […]
Borders mulls further fundraise
Borders & Southern Petroleum plc said it might need to raise additional funds before mid-2023 if it fails to find a farm-out partner for its oil and gas licences offshore Falkland Islands. FINANCES The company’s decision was included in its audited results for 12 months ended 31 December 2021, which showed its cash balance fell […]
Capricorn suspends $200m share buyback
Capricorn Energy plc said it had suspended its £200 million share buyback following the company’s announcement today to merge with Tullow Oil plc. The suspension excludes the US$25 million tranche announced on 7 April 2022, which is being conducted by JP Morgan Securities PLC on a non-discretionary basis and will end no later than 6 […]