Oriole Resources plc said it had completed the first tranche of the salary sacrifice scheme to advance the company’s Central Licence Package and the Bibemi projects in Cameroon. SHARE CAPITAL The company added that a £21,000 had been converted at 0.205 pence to 6,576,192 new ordinary shares of 0.1p each. Following the issue of the […]
Tag: Oriole Resources plc
Oriole to raise £400,000 via placing-subscriptions
Oriole Resources plc has conditionally raised £400,000 comprising an equity raise, directors’ subscriptions and a salary sacrifice scheme. FUNDRAISE The fundraise comprises £300,000 in a placing and £40,000 from subscriptions by certain directors through the issue of 188,888,888 new ordinary shares at the placing price of 0.18 pence per share, equal to a 14% discount. […]
Oriole notes revised EIA submitted for Muratdere
Oriole Resources plc said that a revised environmental impact assessment (EIA) report has been submitted for its Muratdere copper-molybdenum porphyry development project in Turkey. HISTORY Oriole operated the project from 2005 to 2011, delivering a JORC-compliant inferred resource of 51 million tonnes grading 0.36% Cu, 0.12 g/t Au, 2.40 g/t Ag, 0.0125% Mo and 0.34 […]
Oriole starts phase 4 drilling at Bibemi gold project
Oriole Resources plc began Phase 4 diamond drilling programme at Bakassi Zone 1 in the company’s 90%-owned Bibemi gold project in Cameroon. PROGRAMME The company has to date identified four main prospects with the majority of drilling focused on a circa 1km section at the Bakassi Zone 1 prospect. The programme, which began on 30 […]
Oriole completes sampling of priority 1 grids at CPL
Oriole Resources plc has completed sampling of the remaining four ‘Priority 1’ grids for a further 3,114 samples at its Central Licence Package (CLP) in Central Cameroon. LICENCE APPLICATION The news comes with the company’s application for a further licence, Maboum, to the east of the CLP and contiguous with the existing package. SAMPLING The […]
Oriole notes start of second work programme at Senala
Oriole Resources plc said that its joint venture partner had started the second stage of work under the earn-in agreement at the Senala gold project in Senegal. SECOND OPTION IAMGOLD Corporation has the option to spend up to US$8 million to earn a 70% interest, and has to date spent $4m. Oriole added that formalisation of […]