First Class Metals plc has raised £300,000 via a private subscription for 1,875,000 ordinary shares at a price of 16p from a single high net worth resource/battery metals investor. PREMIUM The subscription includes a one-for-one warrant totalling 1,875,000 warrants each at 22p for a three-year period. The private subscription is at a 4% premium to […]
Tag: finance & funding
GreenRoc Mining raises £315,000 via discounted placing
GreenRoc Mining plc has raised £315,000 through a discounted placing of 7 million new ordinary shares each at a price of 4.5 pence. DISCOUNT The placing price represents a discount of 13.5% to the closing price per GreenRoc ordinary share of 5.2 pence on 8 December 2022. It is also a discount of 7.1% to […]
Horizonte raises £70.5m to meet rising costs at Araguaia
Horizonte Minerals plc has raised £70.5 million in an oversubscribed placing at 90.5 pence per share to meet rising costs for its Araguaia nickel development in Brazil. PLACING The placing, which is one part of a fundraise that also includes a subscription, exceeded the company’s original gross target of £61.7m. Horizonte said that 77,945,627 new ordinary shares […]
Prospex Energy receives £70,640 via options exercise
Prospex Energy plc received £70,640.52 following notices to exercise options to subscribe for 1,766,013 new ordinary shares of 0.1p each in the company. The options were issued pursuant to option agreements dated 20 July 2020 and have been exercised by three former employees of the company, two of whom are past directors. The exercise price […]
Red Rock raises £160,000 via discounted placing with single investor
Red Rock Resources plc received £160,000 through a placing of 40,000,000 new ordinary shares of £0.0001 each in the company with a high net worth investor at 0.4 pence per share. JOINT BROKER Monecor (London) Ltd, trading as OvalX, raised for the money which Red Rock will use for general working capital. In conjunction with the […]
Europa agrees £1m loan from Union Jack
Europa Oil & Gas (Holdings) plc has agreed a £1 million loan from Wressle onshore hydrocarbon partner Union Jack Oil plc for its developments that could include the Serenity offshore oil discovery. TERMS The loan is for 18 months and secured against an unencumbered 10% interest in the Wressle field (PEDL180, and PEDL182), with associated […]