Finance Metals & Minerals News

Red Rock raises £223,000 via placing

Red Rock Resources plc raised £223,000 before expenses by placing 123,888,888 new ordinary shares of £0.0001 each in the company at a price of 0.18 pence per share.    The company will also grant 123,888,888 warrants, exercisable into shares at a price of 0.35 pence per share for 18 months. Red Rock will additionally grant 12,388,888 broker […]

Finance News Oil & Gas

Predator raises £2m via conditional placing

Predator Oil & Gas Holdings plc has raised £2 million before expenses from a conditional placing. The company placed 15.5 million new ordinary shares of no par value, and 20,863,636 existing ordinary shares of no par value in the company transferred by chief executive officer Paul Griffiths, each at a placing price of  5.5 pence. Predator said […]

Finance Metals & Minerals News

GreenRoc Mining raises £550,000 via placing

GreenRoc Mining plc has raised £550,000 by placing 15,714,287 new ordinary shares of 0.1 pence each at a price of 3.5 pence per placing share. Following the issue of the placing shares, the company’s total issued share capital will be 134,314,288 ordinary shares of 0.1 pence each, with voting rights. USES GreenRoc will use net […]

Finance Metals & Minerals News

Horizonte draws down $50m from second tranche of senior debt

Horizonte Minerals has drawn down US$50 million from the second tranche of its senior debt facility of $346.2m to fund construction of its 100%-owned Araguaia nickel project in Brazil. REMAINING CAPITAL A total $465 million capital expenditure awarded to date has included payment for the majority of the key long lead items. The remaining project […]

Finance Metals & Minerals News

GreenRoc Mining raises £18,000 from broker option

GreenRoc Mining plc has raised £18,000 before costs by placing 400,000 new ordinary shares at 4.5 pence per share in a broker option announced earlier in December. BROKER OPTION The broker option, which closed on 22 December, was for those existing shareholders and other investors who had no opportunity to participate in a placing conducted […]

Finance Metals & Minerals News

Red Rock to raise up to $1.5m from single investor

Red Rock Resources plc has signed a funding agreement with institutional investor Diversified Metals Holdings LLC to fund exploration and working capital. SUBSCRIPTIONS Diversified Metals will subscribe for new ordinary shares of £0.0001 to raise an initial US$500,000. Following this, the US-based investor may subscribe for further shares for $1,000,000, within the next 18 months. […]