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, […]
Tag: Ascent Resources plc
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 […]
Ascent plans maintenance and operational work at Petišovci JV
Ascent Resources plc said it expected to start maintenance and operational works on well PG-11A on the Petišovci joint venture tight gas project, onshore Slovenia. REVIEW The company holds 75% of the JV and partner Geoenergo has 25%. Ascent will begin work once it receives the payments and revised documentation reflecting the impact of the […]
Ascent settles portion of onshore Slovenia gas dispute
Ascent Resources plc has settled part of its revenue claim against joint venture (JV) partner Geoenergo, and agreed full settlement in the dispute with JV service provider Petrol Geo, over onshore gas interests in Slovenia. PETROL GEO Mediation between the companies resulted in a settlement of €1,436,000, at a 30% discount to the face value, […]
Ascent raises £400,000 via placing
Ascent Resources plc has raised £400,000 before expenses from existing shareholders through issuing 13,333,333 new ordinary shares of 0.5 pence each, at a price of 3 pence per placing share. Subject to shareholder approval, each placing share has one warrant attached with an exercise price of 5 pence per new warrant share over the next […]
Ascent strategic investor’s £1m subscription delayed
Ascent Resources plc said additional bureaucracy had delayed a £1 million direct subscription for shares by future investor Beryl International (Pty) Ltd. ‘GREYLIST’ In February, the company announced a collaboration with Beryl to identify and jointly fund metals opportunities in Latin America and Africa. Ascent today said that the delay was caused by additional processes […]