Clontarf Energy plc raised £350,000, before expenses, via a placing and subscription for a total 437,500,000 new ordinary shares each of 0.01p at a price of 0.08p per placing share. The shares represent approximately 8.42% of the company’s issued share capital as enlarged by the fundraise. Following admission, Clontarf will have 5,193,326,117 ordinary shares in issue […]
Tag: finance & funding
Red Rock issues 33m shares under previous deal with single investor
Red Rock Resources plc has issued 33,237,805 ordinary shares of £0.0001 each at a price of 0.11 pence under a previously agreed funding arrangement with a single investor. The request for the shares is from US-based institutional investor Diversified Metal Holdings LLC under an agreement from December 2022. The fundraise for exploration and working capital […]
Red Rock issues 43.78m shares to Riverfort Global in debt settlement
Red Rock Resources plc has issued 43,781,746 new ordinary shares of £0.0001 each in the company in settlement of £56,819.95 debt owed to Riverfort Global Opportunities PCC Ltd. The shares are each at a price of 0.12978 pence. Following admission, Red Rock’s total issued share capital will consist of 2,026,832,044 ordinary shares, each with one […]
Predator targets £2m in fundraise for Guercif drilling
Predator Oil & Gas Holdings plc looks to raise approximately £2 million from two executive directors’ share option exercises and a conditional two-tranche placing. SHARE OPTION SCHEME On 12 May, the company reported that managing director Paul Griffiths exercised 11,183,605 share options and executive chairman Lonny Baumgardner 7,928,444, in accordance with Predator’s unapproved share option […]
Red Rock raises £535,800 via placement
Red Rock Resources plc raised £535,840 before expenses by placing 376,028,070 new ordinary shares each of £0.0001 in the company at 0.1425 pence per placing share. USES Following admission, the company’s total issued share capital will consist of 1,958,538,069 ordinary shares, each with one voting right. Red Rock holds no shares in treasury. Net proceeds will fund the company’s […]
Corcel receives first tranche of £300,000 from placing
Corcel plc has received the initial £300,000 subscription of the total £1 million placing held at the end of March 2023. The company said it had used £100,000 of the amount received from its cornerstone investor to reduce its outstanding debt balance.