Altona Rare Earths plc today published a Financial Conduct Authority approved prospectus and issued 76,248,759 new ordinary shares for previously announced fundraises. The shares issue relates to June and July 2024 subscriptions, conversion of February 2023 convertible loan notes, and 7 million shares to convert a loan from Catalyse Capital Ltd. Additionally 3,548,759 shares were […]
Tag: loan
UKOG issues further 248m shares to reduce loan
UK Oil & Gas plc has repaid a further £50,000 of its £2m loan by issuing 247,524,752 equity shares to RiverFort Global Opportunities PCC Ltd and YA II PN Ltd. The outstanding balance of the 2023 loan stands at £210,000. Following admission, UKOG’s total voting rights will be 4,834,122,740 ordinary shares.
UKOG makes further loan repayment
UK Oil & Gas plc has further reduced its £2 million loan from 2023 with RiverFort Global Opportunities PCC Ltd and YA II PN Ltd. The company issued a further 238,095,238 equity shares to repay £50,000, leaving a balance of £260,000. Following admission, UKOG’s total voting rights will be 4,586,597,988 ordinary shares.
Orcadian secures £1.15m loan to repay Shell
Orcadian Energy plc has secured a two-year £1.15 million loan with an as yet unnamed industry partner to repay the outstanding £1m loan to Shell. The loan will settle from the completion payment due under a proposed farm-in or joint venture on Orcadian’s recently offered southern North Sea licence. Interest, of between 6% and 9%, […]
UKOG repays more of £2m loan
UK Oil & Gas plc has repaid a further £55,000 of its loan by issuing a further 244,444,444 shares to investors RiverFort Global Opportunities PCC Ltd and YA II PN Ltd. The balance now stands at £310,000 of the original £2m loan. Following admission, UKOG’s total voting rights will be 4,348,502,750 ordinary shares.
UKOG further cuts loan with 228m shares issue
UK Oil & Gas plc has issued a further 228,215,768 equity shares to repay £55,000 of the 2023 loan from RiverFort Global Opportunities PCC Ltd and YA II PN Ltd. The loan’s principal balance is now £370,000 of the £2 million gross first cash sum received by the company. Following admission, UKOG’s total voting rights […]