Cora Gold Ltd has appointed Adam Davidson as an independent non-executive director. Board NED David Pelham has stepped down, effective immediately, and will continue as a technical adviser. “On behalf of the company and all our stakeholders, I would like to thank Dave for his years of service,” said chairman Ed Bowie. “He has made […]
Tag: extractive industries
Ascent issues 36m shares for US licences
Ascent Resources plc has issued 36,199,000 new ordinary shares, each of 0.5 pence nominal value, at 5 pence per new share in relation to its 49% purchase of US oil and gas licences. The 119,000 acres of helium-rich licences lie within the Paradox Basin across Utah and Colorado. The issued shares are payment to operator […]
Metals shareholders approve Condor acquisition
Metals Exploration plc shareholders have approved the acquisition of Nicaragua-focused Condor Gold plc. TIMELINE At yesterday’s general meeting more than 99% of votes were in favour of the purchase. Completion of the acquisition is subject to remaining conditions and High Court sanction at a hearing expected on 13 January 2025. Condor shareholders approved the sale […]
Kistos strengthened by Norway tax rebates
Kistos Holdings plc ended 2024 with a cash balance boosted by $84 million in tax rebates for the previous year relating to its Norwegian assets. BALDER AREA The company’s trading statement showed total cash of $144m with undrawn cash of a further $20m in place. Proforma net debt totalled approximately $45 million including tax rebates […]
United issues second tranche of fundraise shares
United Oil & Gas plc has issued the second tranche of shares relating to the December £700,000 fundraise. SUCCESSOR The balance of 315 million new ordinary shares of £0.00001 each have one warrant for every two subscribed placing shares. Following admission, United total issued share capital will be 1,856,353,969 ordinary shares of £0.00001, with voting […]
Parys Mountain EIA scoping study approved
Anglesey Mining plc said its environmental impact assessment (EIA) scoping report for Parys Mountain recently received consent, with recommendations for further work. LICENCE The North Wales Minerals and Waste Planning Service, on behalf of Anglesey County Council broadly agreed with aspects such as ecology and biodiversity, visual impact, air quality, noise and vibration, labour and […]