Corcel plc has awarded 3,506,490 ordinary shares of £0.0001 each in the company under its share incentive plan (SIP) to chief executive officer Scott Kaintz. The company said that the awards were for the 2022-23 tax year as agreed in the trustees meeting held on 5 April 2023. Also in respect of the same tax year, Mr Kaintz […]
Tag: Corcel plc
Corcel to appoint vendors of Kwanza assets to the board
Corcel plc has appointed Scott Gilbert to the board as a non-executive, subject to regulatory checks. Mr Gilbert is one of the vendors of the Kwanza Basin assets in Angola acquired this week by the company. He has a long track record in the oil and gas sector with significant experience in Angola and Brazil. […]
Corcel acquires first oil and gas project
Corcel plc has acquired its first oil and gas asset with 90% ownership of Atlas Petroleum Exploration Worldwide Ltd (Apex) in the Kwanza basin, onshore Angola. ASSETS The acquisition also sees executive chairman James Parsons return to familiar commodities, having started his career in oil and gas with Royal Dutch Shell in Brazil. Apex, with headquarters […]
Corcel sells 20% of Mt Weld to board nominee
Corcel plc has sold 20% of its Mt Weld rare earths project for A$1 million (£500,000) cash to a shareholder company controlled by nominated non-executive board member Antoine Karam. JOINT VENTURE The sale is to Italian private investment company Extraction Srl which currently holds 9.61% in Corcel. Mr Karam was nominated to the board by Corcel’s […]
Corcel begins RC drill campaign at Mt Weld
Corcel plc has started a seven-hole reverse circulation (RC) drill campaign at the joint venture Mt Weld rare earth elements project near Laverton in Western Australia. PROGRAMME A sub-contractor for the company and its partner Riversgold Ltd will drill a total 2,000m on tenement P34/4489. The site’s four discrete undrilled magnetic features, interpreted to represent potential […]
Corcel receives first tranche of £300,000 from placing
Corcel plc has received the initial £300,000 subscription of the total £1 million placing held at the end of March 2023. The company said it had used £100,000 of the amount received from its cornerstone investor to reduce its outstanding debt balance.