Finance Metals & Minerals News

Condor Gold raises £18,600 through warrant exercise

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Condor Gold plc has raised £18,600 following the exercise of warrants to issue 60,000 new ordinary shares with a nominal value of 20p each in the capital of the company at a subscription price of 31p per share.

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Metals & Minerals News

Galantas mobilises for drilling Kerry Road

Posted on Author editorial

Galantas Gold Corporation has started mobilisation for a drill programme at its recently acquired Gairloch precious and base metals project in Wester Ross, Scotland. PROGRAMME The target is a volcanogenic massive sulphide (VMS) gold-copper-zinc deposit exposed at surface and one of the oldest known Besshi deposits. The Canadian company’s initial 800-metre programme at Kerry Road […]
Finance News Oil & Gas

Orcadian raises £500,000 via discounted placing

Posted on Author editorial

Orcadian Energy plc raised £500,000 via a discounted placing of new ordinary shares tocertain institutional and other investors at 10 pence per share. DISCOUNT The placing on 1 February, conducted by way of an accelerated bookbuild process, was at a discount of approximately 33% to the closing price of 15 pence per ordinary share on […]
Equipment & Logistics Metals & Minerals News

Cornish Metals pumps first water in 25 years from South Crofty

Posted on Author editorial

Cornish Metals Inc has started pumping the first water in a quarter of a century using two submersible pumps in New Cook’s Kitchen shaft from South Crofty tin mine. TREATMENT PLANT Two KSB BSX 463/5 specialist high-head 950 kilowatt vertical submersible pumps, manufactured and supplied by KSB Ltd, sit approximately 360m below surface. The pumps […]