United Oil & Gas plc has conditionally raised £700,000 via a placing and subscription for a total 700 million new ordinary shares of £0.00001 each in the capital of the company, at £0.001 each. JAMAICA Proceeds will go towards work programme obligations and seeking a farm-out for the 22,400km2 Walton Morant exploration licence, offshore Jamaica. The fundraise […]
Tag: general meeting
UKOG issues shares for employee benefit scheme
UK Oil & Gas plc directors agreed a subscription of 476,897,760 ordinary shares to take its employee benefit trust to the original 10% level of the company’s issued share capital. PLACING Employee benefit trustees trustees, Altum Trustees Ltd, subscribed for the ordinary shares at a price per share of £0.000001. The company said that the move […]
Scirocco sets date for vote to cancel trading
Scirocco Energy plc shareholders will vote on 7 May on how the company should return cash to them and on cancellation of trading on AIM. Scirocco’s investors will also vote on re-registration as a private company and adoption of new articles of association. The company expects the final day of trading for existing ordinary shares […]
United allows more time for ‘crucial’ fundraise vote
United Oil & Gas plc has given its shareholders three days from tomorrow’s general meeting to vote on resolutions including February’s conditional £1 million fundraise. GOING CONCERN The company said it was “crucial” to approve the resolutions, warning that rejection threatened its future survival. United’s current interests are in Jamaica and onshore UK, after leaving […]
Palliser portfolio manager to stand as Capricorn NED
Capricorn Energy plc said that Palliser Capital portfolio manager Sachin Mistry will stand for election as non-executive director at the company’s general meeting on 23 May. The move follows a relationship agreement with Palliser and consultation by the board with “a broad range of shareholders”. Subject to shareholder approval, Mr Mistry will join the Capricorn […]
Europa faces move to replace senior management
Europa Oil & Gas (Holdings) plc faces an attempt to remove and replace chief executive officer William Holland and chief operating officer Alastair Stuart with former directors Paul Barrett and Erika Syba. DEFICIENCES The company said it had received a letter attempting to requisition a general meeting from a group of shareholders, including Mr Barrett […]