United Oil & Gas plc has conditionally raised £700,000 via a placing and subscription for a total 700 million new ordinary shares of £0.00001 each in the capital of the company, at £0.001 each. JAMAICA Proceeds will go towards work programme obligations and seeking a farm-out for the 22,400km2 Walton Morant exploration licence, offshore Jamaica. The fundraise […]
Tag: finance and funding
Guardian receives £97,839 via warrant exercise
Guardian Metal Resources plc has received £97,839.59 following notice to exercise warrants over a total 575,527 new ordinary shares of 1 pence each at 17p per warrant share. On admission, the company’s issued share capital will comprise 119,937,912 ordinary shares of 1p each, with voting rights. Guardian is exploring for tungsten, lithium, base and precious metals in Nevada, […]
UKOG raises £55,537 via retail offer
UK Oil and Gas plc has raised £55,537 from its retail offer by issuing 222,148,000 new ordinary shares of £0.000001 each at 0.025 pence per share. The offer to the company’s existing retail shareholders is separate to earlier placing which raised £500,000. Following admission UKOG’s voting rights will total 13,362,909,833.
Deltic JV prepares for second Selene licence term
Deltic Energy plc said its partner and operator Shell UK Ltd had recommended entering the second term of licence P2437, containing the Selene gas discovery. FID Along with Dana Petroleum (E&P) Ltd, the joint venture will agree a low-cost work programme and timeline with the North Sea Transition Authority before a potential final investment decision. With […]
Condor Gold agrees up to £475,000 loan
Condor Gold plc has entered into an unsecured term loan facility for up to £475,000 with Galloway Ltd. LA INDIA Galloway, owned by Burnbrae Group Ltd which is in turn owned by Condor’s chairman Jim Mellon, owns 26.13% of Condor’s issued ordinary share capital. Condor non-executive director Denham Eke is also a director of Burnbrae […]
Alba expands into Sweden with rare earth option
Alba MIneral Resources plc has entered an option for the Finnsbo rare earth project in the historic magnetite mining district of eastern Bergslagen in Uppland, eastern Sweden. VALUE The licence lies 15km north of the 540-year-old Dannemora magnetite mine, and within the southern fringes of the “regionally extensive” high strain ductile Forsmark Deformation Zone. Current […]