Ascent Resources plc has signed a £1.5 million strategic collaboration for 20% of the company with investor MBD Partners SA. PREMIUM MBD will directly subscribe for 42,857,143 new ordinary shares of 0.5p each, at 3.5 pence per new share, a 35% premium to the closing bid price of 2.6 pence on 2 October 2023. Each […]
Tag: Ascent Resources plc
Ascent secures ATE insurance for €656.5m damages against Slovenia
Ascent Resources plc has secured after the event (ATE) insurance in relation to the €656.5 million Energy Charter Treaty damages claim over gas exploration against the Republic of Slovenia. PRE-EMPTIVE ACTION The company began its action after delays to and a dispute over the joint venture project within the Petišovci concession area. An ATE insurance […]
Ascent might pursue offer for Amur after talks ‘ceased’
Ascent Resources plc said it could still put forward a binding offer for Amur Minerals Corporation after the latter announced this morning that talks on a previous offer had ceased. SURPRISED In June 2023, Ascent planned to bid for Amur which had recently sold its Kun Marie nickel copper sulphide project in Amur Oblast, far […]
Ascent files claim memorial and €657m damages against Slovenia
Ascent Resources plc has formally filed its claim memorial and increase in damages to €656.5 million over its onshore gas interests against the Republic of Slovenia. HYDRAULIC FRACTURING Legal action began after the company claimed treaty breaches and that the country’s new laws banning the use of hydraulic fracturing affected the company’s operations within the […]
Ascent to bid for Amur Minerals with all-share offer
Ascent Resources plc intends to bid for Amur Minerals Corporation which recently sold its Kun Marie nickel copper sulphide project in Amur Oblast, far east Russia for US$35 million. NEW ENTITY Ascent said it had been involved in “a period of protracted discussions” with the British Virgin Islands-based company. Ascent aims to create a “larger, […]
Ascent cancels Beryl’s £1m subscription
Ascent Resources plc has cancelled the delayed £1 million subscription by Beryl International Pty following developments in the arbitration over its onshore Slovenia gas joint venture. TERMINATION Ascent’s reasons for the move include the possible receipt of Slovenia funds, a recent £400,000 fundraise, Beryl’s failure “to provide confidence” on its ability to complete its commitment […]