Scotgold Resources Ltd said it had accepted a £250,000 short-term loan from Bridge Barn Ltd following delays to shipment from its Cononish gold mine near Tyndrum, Scotland. BRIDGE BARN Bridge Barn is owned by the company’s non-executive director and former chairman Nathaniel Le Roux. WORKING CAPITAL “The funds will cover immediate working capital affected by […]
Tag: finance & funding
Cadence raises £745,000 from open offer
Cadence Minerals plc said it had raised £745,000 as a result of the open offer of 3,634,825 open offer shares. This represented a take-up of more than 48.9% of the 7,432,454 available open offer shares.
Power Metal receives £111,139 in options exercise
Power Metal Resources plc has raised £111,139 after receiving notices to exercise options by a former director. The exercise of options is over 11,113,929 new ordinary shares of 0.1 pence each in the company at an exercise price of 1.0 pence per new ordinary share.
Altus agrees extension for loan repayment with La Mancha
Altus Strategies plc said it had agreed with its largest shareholder La Mancha Fund SCSp (35.08%) to extend the repayment date of the acquisition loan. TERMS The mining royalty company added that the date had extended from 17 February 2022 to 30 June 2022. The annualised interest rate of the facility has increased from 9% […]
Galantas receives C$3.2m in early warrant exercise
Galantas Gold Corporation raised CAD$3,212,666 (£1,865,462) in the early exercise of 6,323,333 warrants at an exercise price of CAD$0.40, with an additional 1,708,333 warrants exercised by insiders, CEO Mario Stifano and Ocean Partners USA Inc. SHAREHOLDERS The early exercise of warrants was by shareholders including Michael Gentile, Melquart Ltd and Eric Sprott. A total of […]
Power Metal receives £37,500 in warrant exercise
Power Metal Resources plc has raised £37,500 after receiving notice to exercise warrants over 5,000,000 new ordinary shares of 0.1 pence each in the company at an exercise price of 0.75p.