Corcel plc said initial rock chip sampling results indicated a wider potential for its Canegrass lithium project in Western Australia. INTRIGUING The company owns and holds the rights over three tenements where exploration began with rock chip sampling in November 2023. Analysis of a total of 37 rock chip samples collected returned lithium-cesium-tantalum (LCT) pegmatite […]
Tag: Corcel plc
Corcel issues 100m shares via warrant exercise
Corcel plc issued 100 million new ordinary shares of £0.0001 each following notice of the exercise of 100m warrants each at a price of £0.0021 for £210,000. Following admission, the company‘s issued share capital will comprise 1,874,794,153 ordinary shares, with equal voting rights. None of the shares are held in treasury.
Corcel investor enters call option for 99m shares
Corcel plc said its investor Extractions Premium & Mining Ltd (EXT), which currently holds 24.37% of the company’s shares, has entered into a call option agreement. Under the agreement’s terms EXT has the right, from 1 March to 1 June 2024, to purchase up to 99,000,000 ordinary shares of the company from Richard Jennings. The price […]
Corcel issues 99m shares from £750,000 CLNs
Corcel plc received notice to convert its outstanding £750,000 convertible loan notes plus interest into 98,917,808 new ordinary shares of the company at a price of £0.008. DIRECTORS The company said that the notice from Extraction Premium and Mining Ltd (EXT) retired the current balance of the facility in full. EXT, incorporated in the UK, is […]
Testing starts on Tobias-14 well after delays
Corcel plc said testing had started on the Tobias-14 (TO-14) well on block KON-11, onshore Angola. Operator Sonangol faced delays due to longer than expected wait for deliveries of testing equipment, combined with heavy rains and regional flooding at the well location. Once testing is complete, the equipment will be moved to flow test TO-13 […]
Corcel awards 3m share options to directors-executives
Corcel plc has granted a total 307,033,155 five-year share options to directors and key executives. An aggregate 15,745,290 options fall under the company’s existing enterprise management scheme. Each option entitles the holder upon exercise to one ordinary share of £0.0001 of the company. One third of the options issued will vest in December of each […]