UK Oil & Gas plc has further reduced its £2 million loan from 2023 with RiverFort Global Opportunities PCC Ltd and YA II PN Ltd. The company issued a further 238,095,238 equity shares to repay £50,000, leaving a balance of £260,000. Following admission, UKOG’s total voting rights will be 4,586,597,988 ordinary shares.
Tag: finance
GreenRoc raises £100,000 via placing
GreenRoc Mining plc has raised £100,000 through the issue of 5,263,157 new ordinary shares at a price of 1.9 pence per share. The placing shares were issued in response to an offer to invest from an institutional shareholder. Following the issue of the placing shares, GreenRoc’s total issued share capital will consist of 192,727,926 ordinary […]
Golden Metal raises £500,000 via subscription
Golden Metal Resources plc has raised £506,250 via a direct and premium priced subscription by Purebond Ltd. The subscription in the company is Purebond‘s second this year and takes the total invested so far to approximately £1.26 million and total ownership to 6.65%. Golden Metal issued 2,250,000 new ordinary shares of 1.0p each representing 2.06% of […]
Buchan first oil deferred to 2027
Jersey Oil & Gas plc said that first production from the Buchan field has been deferred to late 2027 due to uncertainty of financial policies following the early General Election in July. FDP Operator NEO Energy is currently working on the field development plan, the completion and approval of which is linked to “fiscal clarity” […]
Horizonte appoints administrators
Horizonte Minerals plc has entered administration and suspended trading after failing to secure full financing for its Araguaia nickel project in Brazil. INJUNCTION The company’s shares stopped trading on AIM today and TSX at 6pm on 15 May. Its nominated adviser Peel Hunt LLP resigned, with Horizonte having “no current intention” of appointing a replacement. […]
Angus agrees £6m bridge loan
Angus Energy plc has signed a heads of terms for a further six-month bridge loan of £6 million. USES The company added that the previous £3m debt facility from March 2023 had been rolled according to its terms for a further three months. Terms of the £6m facility will be agreed next week. Funds will […]