Oriole Resources plc will issue a total of 7,655,885 ordinary shares to members of the board in relation to £21,000 gross salary foregone during Q1 2023. PRICE The shares will be issued at a price of 0.17p which is a 13% premium to the previously agreed pricing under the six-month salary sacrifice scheme agreed in […]
Tag: gold
Oriole raises £195,000 via chair subscription
Oriole Resources plc has raised £195,500 via a subscription by its non-executive chair Eileen Carr. A total of 115,000,000 new ordinary shares will be issued at 0.17 pence per share, equal to the the mid-price of the company’s ordinary shares at close of market on 19 April 2023. Following the shares issue, Ms Carr will […]
Oriole receives £157,000 tax rebate for R&D
Oriole Resources plc has received a £157,000 tax rebate in respect of geoscientific advances through the company’s exploration programmes in West Africa. GEOLOGICAL DATA The money is from the company’s research and development tax relief claim for the year ended 31 December 2022. Oriole said that the rebate reflected its research on potential areas of mineralisation […]
Galantas mobilises for drilling Kerry Road
Galantas Gold Corporation has started mobilisation for a drill programme at its recently acquired Gairloch precious and base metals project in Wester Ross, Scotland. PROGRAMME The target is a volcanogenic massive sulphide (VMS) gold-copper-zinc deposit exposed at surface and one of the oldest known Besshi deposits. The Canadian company’s initial 800-metre programme at Kerry Road […]
Galantas to drill extension at Kerr zone-Joshua vein
Galantas Gold Corporation plans to drill an initial 600-metre extension targeting the Kerr zone and deeper extensions of the Joshua vein at the Cavanacaw mine in Omagh, Northern Ireland. UNDERGROUND DRIVES The Canadian company will drill the under-explored area between the Joshua and Kearney veins, approximately 300m north and on strike of the Kerr surface […]
Oriole targets $1m to develop CLP gold licences
Oriole Resources plc aims to secure US$1 million investment for exploration on its five gold licences in the eastern Central Licence Package, central Cameroon. TERMS The company said it was transferring its 90% project interest into a sub-holding company, NewCo, to enable the investment and advance exploration while minimising equity dilution for shareholders. Oriole has […]