Finance Metals & Minerals News

Cora Gold closes fundraise at $19.8m

Cora Gold Ltd has now closed its fundraise for gross proceeds of $19.803 million for its Sanankoro gold project in southern Mali. Since receiving $15,855,000 in February, the company has raised $3,928,169.26, before expenses, through the proposed issue of 80,660,559 new ordinary shares to certain existing shareholders and new investors. On admission, Cora’s share capital […]

Finance Metals & Minerals News

Altona raises £2m on cusp of admission to main market

Altona Rare Earths plc has raised £2 million via an oversubscribed placing and subscription. USES The placing resulted in £1,720,800 along with £279,200 from the subscription through the issue of 40 million new ordinary shares each at 5 pence. Altona plans to use the funds to complete the inaugural JORC compliant mineral resource estimate and […]

Finance News Oil & Gas

Angus Energy looks to further £3m debt

Angus Energy plc announced an offer of further funding for drilling and acquisitions as it completed drilling the SF7v sidetrack at Saltfleetby field in east Lincolnshire. FLOW TESTING The sidetrack well reached a total measured depth of 2,746 metres in the Westphalian 1D reservoir. Angus will conduct well clean-up operations in mid-March once coiled tubing […]

Finance Metals & Minerals News

Hummingbird adds $1.4m for $19m target fundraise

Hummingbird Resources plc has received a further conditional subscription of US$1.4 million (£1.2m) from certain existing institutional shareholders. OPEN OFFER The company said is also inviting other Hummingbird shareholders to subscribe for new ordinary shares at the same price through an open offer aimed to raise up to circa $2.4m (£2m). The move follows February’s strategic […]

Finance Metals & Minerals News

Scotgold raises £3m from retail offer-placing-subscriptions

Scotgold Resources Ltd has raised a total £3 million from the now closed retail offer and earlier placing and subscriptions. The company will issue 1,178,460 ordinary shares at a price of 40 pence per retail offer share, as well as 4,815,000 placing shares and 1,435,000 subscription shares for a total 7,428,460 new ordinary shares.  On […]