I3 Energy plc said that three funds gained £16.2 million after selling an aggregate of 60 million ordinary shares in the company each at 27 pence. SELLERS The sellers are Bybrook Capital Master Fund LP, Bybrook Capital Hazelton Master Fund LP and Bybrook Capital Badminton Fund LP. Cairn Capital Ltd acted for and on behalf […]
Finance
Galantas grants incentive stock options
Galantas Gold Corporation has awarded 1,742,500 incentive stock options on the company’s common shares to directors, employees and consultants. GRANT The award is in accordance with the terms of the incentive stock option plan. Galantas said that the exercise price for the options, which expire on 3 May 2027, is C$0.60 per share. The board […]
Baron Oil raises £1.65m
Baron Oiplc said it had conditionally raised £1.65 million (before expenses) by way of a placing and subscription. The oversubscribed fundraise was for 2,750,000,000 new ordinary shares of 0.025p each at 0.06 pence per share. DIRECTOR PARTICIPATION Chief executive Andrew Yeo subscribed for 16,150,000 new ordinary shares at the issue price. Director Position New Ordinary […]
Power Metal receives £17,368 via warrant exercise
Power Metal Resources plc raised £17,368 after receiving notice to exercise warrants over 2,315,789 new ordinary shares of 0.1 pence. The exercise price was of 0.75p per warrant share. Following admission to trading, the company’s issued share capital will comprise 1,469,269,704 ordinary shares of 0.1p each.
Altona raises £500,000 ahead of LSE listing
Altona Rare Earths plc has raised £500,000 ahead of its application for admission to the standard segment of the Official List and trading on the London Stock Exchange’s (LSE) Main Market. FUNDRAISE The company raised the funds via a placing of 6.25 million ordinary shares at 8 pence each, to satisfy its working capital requirement […]
United Oil & Gas CFO David Quirke to step down
United Oil & Gas plc announced that David Quirke will step down as chief financial officer (CFO) and executive director at a date to be agreed. The company added that a search for his replacement was well advanced. Mr Quirke, who is leaving to pursue new challenges, will remain in his post to ensure an orderly […]