Alba MIneral Resources plc has signed an option for the Finnsbo rare earth project in the historic magnetite mining district of eastern Bergslagen in Uppland, eastern Sweden. VALUE The company said that most workings on Finnsbo were magnetite and copper artisanal pits from the Victorian era, the “most significant” being the Bredasen containing a cluster […]
Tag: finance and funding
Alba raises £300,000 via placing
Alba Mineral Resources plc has raised £300,000 by a placing of one billion new ordinary shares at 0.03 pence per ordinary share. USES Following admission, the company’s total ordinary shares in issue will number 10,736,939,266, with none held in treasury. Alba today also opened a separate retail offer at the same price per share to […]
Red Rock raises £200,000 via placing
Red Rock Resources plc has raised £200,000 by placing 597,014,925 new ordinary shares at 0.0335 pence per share. Following admission, Red Rock’s issued ordinary share capital will comprise 5,655,797,411 ordinary shares, each with voting rights. The company holds no shares in treasury. Proceeds will be for year-end accounting costs, acquisition and transport of gold mining […]
Conroy to raise £259,000 in discounted fundraise
Conroy Gold and Natural Resources plc is to raise £259,000 via a 27% discounted placing and subscription for a total 5,452,631 ordinary shares in the company. DIRECTORS The placing raised £87,500 through the issue of 1,842,105 new ordinary shares of €0.001 each at a price of 4.75 pence. The subscription of 3,610,526 new ordinary shares […]
Borders & Southern raises £1.5m
Borders & Southern Petroleum plc has raised £1.5 million before expenses by issuing 100m new ordinary shares at a 16.67% discounted price of 1.5 pence per new ordinary share. DIRECTORS DEALINGS The fundraise comprised placing 69,666,666 ordinary shares and subscription of 30,333,334 ordinary shares. Non-executive chairman Harry Dobson subscribed for 28m shares taking his total […]
Hummingbird mulls selling non-core assets
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 […]