Corcel plc has agreed an unsecured convertible loan notes for up to a potential £10 million over three years for its oil and gas interests in Angola and Brazil and “operations elsewhere”. ACCELERATE Investment company Extraction Srl, whose chairman is a major shareholder in Corcel, will lend £1m this month, £1m in January 2024 with a […]
Tag: finance & funding
Cornish Lithium raises £3m to date via crowdfunding
Cornish Lithium plc had this morning raised £3 million from existing shareholders in its latest crowdfunding campaign of up to £6.9m. The fundraise was today extended to the public. Money received will go towards the hard rock Trelavour project and the engineering design work to build a demonstration-scale geothermal waters extraction facility.
GreenRoc Mining raises £470,000 via placing
GreenRoc Mining plc raised £470,000 gross via a placing of 12,368,422 new ordinary shares each of 0.1 pence at 3.8 pence per placing share. Majority shareholder Alba Mineral Resources subscribed for 3,026,316 placing shares and now holds 63,026,317 shares, equivalent to 42.97% of GreenRoc’s issued capital. Following admission, GreenRoc’s total issued share capital will comprise […]
Predator raises £10m via private placement
Predator Oil & Gas Holdings plc has raised £10 million gross from an oversubscribed bookbuild for institutional investors. A total of 90,909,090 new ordinary shares of nil par value were placed with investors at an issue price of 11 pence. Following admission, which is subject to FCA approval of the Predator’s prospectus, the company’s issued share […]
Red Rock settles £236,000 debt and fees with 200m shares
Red Rock Resources plc has settled £236,032.38 debt and related fees by issuing 199,563,030 new ordinary shares of £0.0001 in the company, each at an average price of 0.1182746 pence. The company has now cleared its outstanding debt due to Diversified Metals Holdings LLC and has less than £60,000 outstanding debt, to be settled in […]
Clontarf mulls further financing as losses near £4.8m
Clontarf Energy plc said it was considering further financing for its activities as the company’s losses reached £4.8 million from its oil and gas and more recent lithium interests. FINANCES The group has a 60% working interest in the Tano block in Ghana, a memorandum on the Chad Basin, and in 2023 signed a joint […]