Corcel plc received £17,500 following notice to exercise warrants for 5 million new ordinary shares of £0.0001, at a price of £0.0035 per share. Following admission, the company’s issued ordinary share capital will comprise 1,675,876,345 ordinary shares each with equal voting rights. Corcel holds no ordinary shares in treasury.
Tag: Corcel plc
Corcel converts £250,000 CLNs into 32m shares
Corcel plc received notice to convert £250,000 of its outstanding convertible loan notes and associated interest into 32,061,643 new ordinary shares of the company at a price of £0.008. The notice from Extractions Premium & Mining Ltd, of which Corcel executive chairman Antoine Karam owns 45%, leaves the principal balance of the CLNs at £750,000. Following […]
Corcel receives £82,500 via warrant exercise
Corcel plc received £82,500 following notices of 39,285,714 warrants exercised at a price of £0.0021 per share. The company has issued 39,285,714 new ordinary shares of £0.0001 each. Following admission, Corcel’s issued ordinary share capital will comprise 1,638,814,702 ordinary shares, each with one voting right and none held in treasury.
Tobias-14 penetrates entire Binga reservoir
Corcel plc’s second well in Angola has penetrated the entire Binga reservoir section, of an approximately 80-metre column, with potential pay zones in multiple intervals. MOVEABLE FLUIDS Operator Sonangol drilled Tobias-14 to a total depth of 781m and close to TO-4, as an offset well from the “best historic producer” in the original Tobias field. […]
Corcel reshapes board with new directors
Corcel plc has appointed three new directors to its board with immediate effect and expects to add a further two on completion of checks. MD Angola and chief commercial officer Geraldine Geraldo joins as an executive director. Ms Geraldo has a legal and business development background and more than 15 years’ experience in the oil […]
Corcel starts exploration at Canegrass
Corcel plc has begun initial exploration activities at its 100% owned Canegrass lithium project in Western Australia. TARGETS The company has engaged APEX Geoscience will for one week carry out “first pass ground truthing” to verify interpreted pegmatite swarms delineated from satellite imagery analysis. The programme aims to investigate and confirm lithium and nickel prospectivity of […]