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 […]
Tag: Ascent Resources plc
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 […]
Ascent signs deal for Latam and Africa metals opportunities
Ascent Resources plc has signed a deal with Beryl International (Pty) Ltd to identify and potentially fund jointly “ESG [environment, social and governance] metals” opportunities in Latin America and Africa. COLLABORATION The strategic collaboration agreement will involve potential projects including Latam ESG metals already identified by Ascent and new African opportunities introduced by Beryl. The […]
Ascent to appoint Marco Fumagalli as NED
Ascent Resources plc has proposed to appoint Marco Fumagalli to the board as a non-executive director. On appointment, he will become chairman of the company’s audit committee. Mr Fumagalli is an Italian businessman and industrial investor who was previously a group partner at multinational private equity and venture capital company 3i. He is a funding […]
Ascent raises £600,000 via placing and restructures debt
Ascent Resources plc has raised £600,000 in a placing and restructured its debt with lender Riverfort. DISCOUNT The company issued 15,000,000 new ordinary shares of 0.5 pence each to new and existing shareholders, at a price of 4 pence per placing share. The placing price represents an approximate 5% discount to the closing mid-market price […]
Ascent awards 4.6m share options to employees and PDMRs
Ascent Resources plc has awarded 4.6 million options over ordinary shares to certain employees and persons discharging managerial responsibilities (PDMRs). PDMRs The performance vesting criteria for the options is the execution of a cash-generating ESG metals transaction consistent with the company’s strategy, said Ascent. Executive chairman James Parsons and chief executive officer Andrew Dennan each […]