Red Rock Resources plc in is talks to sell some of its assets as it issued, in aggregate, 714,055,114 new shares to settle accrued interest, fees, a subscription and a debt. BUYERS A total 54,911,214 shares issued each at 0.041p are for accrued interest on a four-month extension from 18 November 2024 to the term of […]
Tag: debt
Hummingbird secures further loan
Hummingbird Resources plc has increased its debt with a US$5 million unsecured interest-free loan from its major investor CIG SA. Funds will be used to pay the first instalment to the Government of Mali, where the company owns the Yanfolila gold mine. The loan has a fixed $2.8mn royalty payable between 1 March 2025 and […]
Orcadian delays action over debt payment
Orcadian Energy plc faces no action until the end of August for missing the deadline to pay $1.43 million debt to Shell International Trading and Shipping Company Ltd (Stasco). OBLIGATIONS The amount owed will be settled from payment due under a proposed farm-in or joint venture on Orcadian’s southern North Sea Earlham discovery. The company […]
Orcadian misses deadline to repay Shell debt
Orcadian Energy plc has missed the deadline to pay the $1.43 million debt owed to Shell International Trading and Shipping Company Ltd (Stasco). FUNDS The company, which aimed to secure funds by 5 July, said on the same date that the expected money had not arrived from an as yet unnamed industry partner. A statement […]
Red Rock issues 405m shares to convert debt
Red Rock Resources plc has issued 405,175,088 new ordinary shares at a subscription price of 0.045 pence per share to convert £182,328.79 debt. Following admission, the company’s issued ordinary share capital will comprise 4,785,820,566 ordinary shares, with voting rights. Red Rock holds none of the ordinary shares in treasury.
Orcadian secures new debt repayment date
Orcadian Energy plc has secured an extension to 5 July to repay its $1.43 million loan to Shell International Trading and Shipping Company Ltd. The amount owed will be settled from payment due under a proposed farm-in or joint venture on Orcadian’s offered southern North Sea licence. On repayment of the debt, the company will […]