Red Rock Resources plc has issued 5,038,253 ordinary shares of £0.0001 each in the company under its share incentive plan (SIP) for the 2021/22 tax year. DIRECTORS’ PARTICIPATION The company said that this was agreed by the trustees in their meeting held on 1 April 2022 and approved by the board of directors yesterday, 5 May. Four directors […]
Tag: finance & funding
Red Rock attracts $100,000 investment for Zimbabwe lithium project
Red Rock Resources plc said that a group of high net worth investors had acquired a 10% early stage interest for US$100,000 in the company’s lithium project in Zimbabwe. APPLICATIONS The funds will develop the company’s 75% subsidiary African Lithium Resources Pvt Ltd (ALR) which it established in March. Red Rock recently submitted an application […]
i3 Energy shareholder funds net £16.2m from sale of 60m shares
I3 Energy plc said that three funds gained £16.2 million after selling an aggregate of 60 million ordinary shares in the company each at 27 pence. SELLERS The sellers are Bybrook Capital Master Fund LP, Bybrook Capital Hazelton Master Fund LP and Bybrook Capital Badminton Fund LP. Cairn Capital Ltd acted for and on behalf […]
Galantas grants incentive stock options
Galantas Gold Corporation has awarded 1,742,500 incentive stock options on the company’s common shares to directors, employees and consultants. GRANT The award is in accordance with the terms of the incentive stock option plan. Galantas said that the exercise price for the options, which expire on 3 May 2027, is C$0.60 per share. The board […]
Altona raises £500,000 ahead of LSE listing
Altona Rare Earths plc has raised £500,000 ahead of its application for admission to the standard segment of the Official List and trading on the London Stock Exchange’s (LSE) Main Market. FUNDRAISE The company raised the funds via a placing of 6.25 million ordinary shares at 8 pence each, to satisfy its working capital requirement […]
Ascent raises £242,500 via warrant exercise
Ascent Resources plc has raised £242,500 after agreeing to the immediate exercise of the remaining equity warrants issued on 6 August 2020. The August 2020 warrant holders owned in total a remaining 6,062,500 new equity warrants exercisable at 4 pence per new warrant share. In exchange for the accelerated warrant exercise, Ascent agreed to issue […]