Finance Metals & Minerals News

Ascent raises £242,500 via warrant exercise

Ascent Resources plc has raised £242,500 after agreeing to the immediate exercise of the remaining equity warrants issued on 6 August 2020. The August 2020 warrant holders owned in total a remaining 6,062,500 new equity warrants exercisable at 4 pence per new warrant share. In exchange for the accelerated warrant exercise, Ascent agreed to issue […]

Legal News Oil & Gas

Ascent nears legal deal for Slovenia arbitration

Ascent Resources plc soon expects to complete the conditions to the binding damages-based agreement appointing Enyo Law LLP as its representative in the dispute with Slovenia. TREATY In a statement Ascent added: “Following completion, the company and its legal advisor will immediately progress to compile and execute the required materials and officially submit the arbitration […]

Legal News Oil & Gas

Ascent secures non-recourse funding for Slovenia claim

Ascent Resources plc announced it had signed a binding damages-based agreement for its arbitration claim against the Republic of Slovenia. ARBITRATION Ascent said that the agreement was with Enyo Law LLP who filed the notice of dispute and represented the company in the pre-arbitration negotiations. The agreement will start arbitration proceedings against Slovenia under the […]