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: finance and funding
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 […]
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.
Prospex raises £859,323 via wrap retail offer
Prospex Energy plc has raised £859,323.60 via a “significantly oversubscribed” wrap retail offer for 14,322,060 new ordinary share at an issue price of 6 pence per share. The proceeds add to the placing and subscription earlier this week, taking the total raised to approximately £4.2 million. Following admission of the placing, subscription and wrap retail […]
Clontarf advances bid for Bolivia salt pans
Clontarf Energy plc aims to partner with the German Mittelstand after reaching the third phase of the bidding process for seven priority salt pans in Bolivia. OFF-TAKE Phase III includes confirmation of the financial capacity of the company’s joint venture with NEXT-ChemX. Assessment by the Bolivian State Lithium Company (YLB) will include a review of […]
Golden Metal receives £186,000 via warrant exercise
Golden Metal Resources plc received notices to exercise warrants over 1,727,630 new ordinary shares of 1 pence each in the company at an exercise price of 10.75p per warrant share, for £185,720.22. Following admission, the company’s issued share capital will comprise 106,777,165 ordinary shares of 1p each with voting rights. The exercise was prior to the end of […]