Cornish Metals Inc has appointed James Whiteside as a non-executive director to the board, effectively immediately. The appointment follows the Canadian company’s approximately £56 million fundraise via a placing of 700m new common shares and retail offer for its South Crofty tin project in the village of Pool near Cambourne. Results of the fundraise gives […]
Tag: finance and funding
Metals issues 94m shares for £5.6m loan facility
Metals Exploration plc has issued 94,127,854 ordinary shares each of £0.0001 held in treasury to satisfy the outstanding £5,647,671.23 unsecured bridging term loan facility, plus interest, with Drachs Investments No3 Ltd. DEBT-FREE The issue price of £0.06 per ordinary share, represents a premium of 9.1% to the middle-market close price on 6 March 2025. Drachs […]
Alba raises £75,000 via placing
Alba Mineral Resources plc has raised £75,000 before expenses by placing 600 million new ordinary shares each at 0.0125 pence to an institutional investor. Following admission, the company’s ordinary shares in issue will total 11,541,721,949, with none held in treasury. Alba’s assets include the Dolgellau gold belt, including the historic gold mines of Clogau-St David’s […]
Borders increases fundraise to £2.2m
Borders & Southern Petroleum plc has raised £200,000 through the issue of 4,210,526 shares at 4.75 pence each in a retail offer “almost three times oversubscribed”. SOUTH FALKLAND The funds raised add to the company’s placing and subscription last week, taking the total to £2.2 million. Following admission, Border’s total number of ordinary shares in […]
Karelian raises £323,075 via placing-subscription
Karelian Diamond Resources plc has raised a total gross £323,075 via a 37.5% discounted placing and subscription to a total 43,076,667 new ordinary shares each at 0.75 pence. USES The placing for 34,066,667 ordinary shares of €0.00025 each, raised £255,500 while the subscription for 9,010,000 ordinary shares at the issue price raised £67,575. Each placing […]
Corcel raises £2.7m from strategic investors
Corcel plc has raised £2,717,000 via the issue of 1,698,125,000 new ordinary shares of £0.0001 each at a 6.7% premium price of £0.0016 per share. TVRs The fundraise is with strategic investors with “significant” experience in the oil and gas sector. Each investor will receive one warrant for each placing share to subscribe for one […]