Red Rock Resources plc said it had issued £50,000 of the second tranche of convertible notes with accompanying warrants to high net worth investors. The company added that a single investor subscribed to the £50,000 notes. Red Rock will use the funds for general working capital. The notes are being issued on the same terms […]
Tag: finance & funding
IGas repays $4m debt on higher commodity prices
IGas Energy plc has repaid $4 million debt of its reserves-based loan leaving net debt of £8.2m. FLEXIBILITY The company holds $22m (£18.1m) of debt capacity and, as at 29 July 2022, cash balances were £2.4m. “Higher commodity prices continue to drive strong operating cash flow generation giving us financial flexibility,” said chief executive Stephen […]
Red Rock issues £623,000 of convertible notes
Red Rock Resources plc has issued £623,000 of convertible notes with accompanying warrants to high net worth investors. CONFIDENCE The company said that £367,000 of subscriptions for the notes were new subscriptions, and £256,000 were conversions of debt facilities. The notes were issued at par and are convertible into ordinary shares of £0.0001 in Red […]
Power Metal receives £139,115 via warrant exercise
Power Metal Resources plc received £139,115 following notices to exercise warrants over 18,548,700 new ordinary shares of 0.1 pence each in the company. The warrant shares exercised at a price of 0.75p each. Following admission, the company’s issued share capital will comprise 1,531,808,465 ordinary shares of 0.1p each.
Power Metal receives £35,000 via warrant exercise
Power Metal Resources plc received notice to exercise warrants over 4,631,515 new ordinary shares of 0.1 pence each in the company at an exercise price of 0.75p per warrant share, for £34,736. Following admission, Power Metal’s issued share capital will comprise 1,502,733,450 ordinary shares of 0.1p each.
Predator receives £143,252 in warrant exercise
Predator Oil & Gas Holdings plc received £143,252.88 following a warrant exercise notice from Novum Securities Ltd. The warrant agreements date from May 2018 in connection with a placing in which Novum subscribed for 1,892,960 new shares at 2.8p per share and a February 2020 placing of 2,256,250 new shares at 4p per share. Predator has […]