Hummingbird Resources plc has secured a US$30 million loan as it initiates an independent review of its West Africa operations, including the possible sale of its non-core assets. KOUROUSSA The company’s largest shareholder CIG SA lent $20 million, payable in tranches, and consolidated a previous US$10 million short-term loan. Hummingbird said it anticipated changing the […]
Tag: extractive industries
Kavango deputy chairman advances £200,000
Kavango Resources plc received a £200,000 advance from its deputy chairman in a convertible loan note. LISTING Peter Wynter Bee’s subscription on 24 September follows the £2 million investment from major shareholder Purebond Ltd, and is on the same terms. Kavango added that the Financial Conduct Authority was reviewing its completed draft prospectus. The final […]
Predator appoints Stephen Boldy as chairman
Predator Oil & Gas Holdings plc has appointed Stephen Boldy as non-executive chairman, with immediate effect. A petroleum geologist with more than 40 years’ experience, Dr Boldy is currently chief executive of Lansdowne Oil & Gas plc. From 1980 to 1984 he was a petroleum geologist for the Petroleum Affairs Division of the Department of […]
CRL misses grant funding for Redmoor
Cornwall Resources Ltd missed a grant after match funding failed for the conditional offer from the Cornwall and Isle of Scilly Council for its Redmoor tungsten-tin project. APPLICATIONS The company said it had received a “strong letter of support” from a “party developing similar deposits” but external factors resulted in no funds forthcoming. Short notice and […]
Red Rock issues 54.4m shares for advance
Red Rock Resources plc issued 54,444,444 new ordinary shares at a subscription price of 0.045 pence per share, to convert a £24,500 advance by an existing shareholder. Following admission, the company’s issued ordinary share capital will comprise 5,058,782,486 ordinary shares each with equal voting rights. Red Rock holds none of the ordinary shares in treasury.
Fulcrum increases fundraise to £863,270
Fulcrum Metals plc has increased its fundraise held earlier this month with two additional subscriptions. HOLDINGS The company raised £114,000 via a previously intended subscription by certain board members of 1,431,250 new ordinary shares at the issue price of 8 pence each. A further £130,000 was raised from certain existing shareholders on the same terms […]