Finance Metals & Minerals News

Angus Energy raises £675,000 via placing

Angus Energy plc has raised £675,000 through placing 61,363,634 ordinary shares to certain investors at a price of 1.1 pence per share. PROCEEDS The issue of shares represents less than 5% of the enlarged capital of the group. Net proceeds of the placement will go towards working capital and general costs. Angus said that following admission, the total number […]

Finance News Oil & Gas

Predator Oil & Gas raises £1m via placing

Predator Oil & Gas Holdings plc said it had raised £1.035 million after conditionally placing 11,500,000 new ordinary shares of no par value at nine pence each. USES An executive director of the company Lonny Baumgardner participated for ordinary shares for £50,000, which is the equivalent to 4.83% of the placing. The company added that the placing […]

Finance News Oil & Gas

Borders to raise $1.8m for Falkland licences

Borders & Southern plc said it planned to raise US$1.8 million (£1.35m) to appraise and develop its Darwin gas-condensate discovery off the Falkland Islands. FUNDRAISING The money will also be used for general working capital. The company added it intended to raise $600,000 (£450,000) in a subscription solely involving chairman Harry Dobson for 34,702,000 new […]