Ascent Resources plc intends to appoint David Bullion as a non-executive director, among other board changes, as the company adds the mid-stream sector to its portfolio. Mr Bullion is CIO of American Helium and CEO of GNG Partners LLC, before which he held senior positions across the world during his 20 years with BP. Ascent […]
Tag: finance and funding
Horizonte could sell Araguaia as funding talks fail
Horizonte Minerals plc could sell its Araguaia nickel project in northeast Brazil, resulting in a loss for shareholders, after full funding talks failed. NICKEL MARKET The company added it had been unable to secure interest in the full financing needed, citing investors concerns over the nickel market. Horizonte’s options now include raising financing at the […]
GreenRoc receives $3.5m LoI
GreenRoc Mining plc said it had received a letter of intent for up to US$3.5 million from the Export-Import Bank of the United States. APPLICATION Valid until 14 April 2025, the LoI shows the US EXIM Bank’s willingness to consider financing GreenRoc for US export contracts relating to goods and services ordered by the company. […]
Corcel raises £1.3m via premium placing
Corcel plc has raised £1,299,750 via a 37% premium placing, including an investment from one of its directors, cornerstone shareholder Extraction Srl and other institutional investors. USES The company issued 259,950,000 new ordinary shares of £0.0001 at a price of £0.005 per share with one-for-one warrants at £0.01 per share, valid for 24 months. Extraction […]
Power Metal raises £900,000 via placing-subscription
Power Metal Resources has raised £900,000 before expenses from a completed placing and subscription. FINANCING The company issued 64,285,714 new ordinary shares of 0.1p each in the company at an issue price of 1.4p per share, the closing market bid price on 13 January 2023. Each financing share has an attaching warrant to subscribe for one new […]
Europa raises £7m via discounted placing
Europa Oil & Gas (Holdings) plc has conditionally raised £7.02 million, before expenses, to fund a new acquisition in the North Sea. DISCOUNT The company added that this was at a 21.7 % discount to the 30-day volume weighted average share price on 2 March 2022. A Primary Bid offer, announced yesterday, is a separate and distinct offer, […]