Cadence Minerals plc said it had raised gross proceeds of £4.1 million in a “significantly” oversubscribed fundraising. PLACING AND SUBSCRIPTION A total of 19,512,180 placing shares in the company have been placed with new and existing investors at a price of 20.5 pence per share. In addition, Cadence has secured a further £0.1 million via a direct subscription of 487,805 shares […]
Tag: investment
Cornish Lithium to receive up to £18m from TechMet
Cornish Lithium Ltd is to receive up to £18 million from technology metals investment company TechMet Ltd. TERMS The investment, subject to shareholder approval, will be in two tranches raising up to £18m at a weighted average subscription price of 16.12 pence per share. Tranche one sees the South African investor subscribe for £9m new […]
Offshore oil and gas face £3bn shortfall in investment
Some £3bn of investment in offshore oil and gas was deferred in 2020 and 2021 prompting a demand for government support by the industry’s trade association. Oil and Gas UK (OGUK) said lack of funds threatened the UK’s energy transition and hindered the country’s ability to reach a net-zero future. OGUK added that its 2021 […]
Cuadrilla to cut UK fracking investment by 90%
Cuadrilla announced it will reduce its gas exploration operations in the UK next year by 90% while it waits for the Government to decide the future of hydraulic fracturing or fracking. The company will however retain its technical data-base, corporate knowledge and access to technical and operational capability. Chief executive Francis Egan said Cuadrilla would […]