Oriole Resources plc reported three directors’ share purchases totalling 16,026,590 of 0.1 pence each at a price of 0.20 to 0.21 pence per share. Chief executive officer Martin Rosser acquired 8,936,792 ordinary shares and now holds 14,612,377. Chief financial officer Robert Smeeton bought 4,797,496 (40,733,8740) and executive director, exploration Claire Bay purchased 2,292,302 (13,698,870). Following the […]
Tag: gold
Metals’ majority investor increases shareholding
Metals Exploration plc’s majority investor Nick Candy has increased his shares in the company. Candy Ventures S.a.r.l, which is majority owned by Mr Candy, and a person closely associated with Metals non-executive director Steven Smith, acquired two million ordinary shares each at an average price of 5.6p. Following the transaction Mr Candy has an interest […]
Kavango issues 1.48bn shares
Kavango Resources plc issued 1.48 billion shares following publication of its prospectus approved by the Financial Conduct Authority. LISTING The shares issue relates to a £10 million fundraise in 2024 involving 938,028,569 and 547,995,076 new ordinary shares, comprised of a conditional placing and convertible loan notes, respectively. Following admission, Kavango’s total issued share capital will […]
Panther confirms 1.2km gold trend at Dotted Lake
Panther Metals plc has confirmed a 1.2km long open-ended gold trend from diamond drilling at Dotted Lake on the north limb of the Schreiber-Hemlo greenstone belt in Ontario, Canada. CORRELATION The company’s first phase I drill core assays also showed an intersection of “high grade zinc/gold volcanogenic massive sulphide-style mineralisation”. Drill hole DL24-001 returned “highly anomalous […]
FCM loan increases for North Hemlo-Sunbeam
First Class Metals plc’s existing loan has further increased from £500,000 to £700,000 for the North Hemlo and Sunbeam gold projects in Ontario, Canada. DRILLING The money from Seventy Ninth Group Ltd, which initially loaned £230,000 in June, adds to the investor’s proposed £2.18 million financing. Funds will be drawn in a single tranche and […]
Panther completes Dotted Lake extended drilling
Panther Metals plc has completed its extended phase I diamond drilling at Dotted Lake on the north limb of the Schreiber-Hemlo greenstone belt in Ontario, Canada. SAMPLES The company said it had drill tested initial target areas C, D, E and F, increasing operations from the original 1,200 metres to 1,558m across five holes. Operations […]