Oriole Resources plc noted an exercise of warrants over 13,888,888 new ordinary shares of 0.1p each in the company at an exercise price of 0.25 per ordinary share. Following admission, the company’s issued share capital will be 3,895,872,338 ordinary shares. A total 157,555,555 warrants and 264,526,245 options over ordinary shares, representing approximately 10.8% of the company’s […]
Tag: Oriole Resources plc
Oriole directors exercise warrants over 17.4m shares
Oriole Resources plc received notice that four directors exercised warrants over a total 17,444,445 new ordinary shares of 0.1p each at an exercise price of 0.25 pence per share. Independent non-executive director Eileen Carr received 9.5 million shares; chief executive officer Tim Livesey (2,777,778); chief financial officer Robert Smeeton (3.5m) and executive director, exploration & business […]
Oriole notes strong due diligence results at Mbe
Oriole Resources plc reported strong results from due diligence sampling at its 90%-owned Mbe orogenic gold project in Cameroon. DILATION Joint venture BCM International Ltd, already signed to the Bibemi project, completed the work as part of the conditional earn-in agreement. The Australian company collected 639 in-situ pit (channel chip) and outcrop (rock chip) samples […]
Oriole signs earn-in for Mbe gold project
Oriole Resources plc has signed a definitive earn-in agreement with BCM International Ltd for its 90%-owned Mbe gold licence in Cameroon. OPPORTUNITY The transaction is Oriole’s second after the Bibemi deal signed earlier this month and follows the heads of terms signed in November for both projects. BCM will earn up to a 50% interest in Mbe […]
Oriole increases inferred MRE at Bakassi Zone 1
Oriole Resources plc estimates a 23% increase, with “significant potential” to expand, in a revised inferred mineral resource for Bakassi zone 1 within the Bibemi orogenic gold project, Cameroon. TARGETING JORC-compliant 5.1 million tonnes grading 2.30 g/t for approximately 375,000 oz gold is based on a higher gold price. The new MRE forms part of technical studies […]
Oriole signs earn-in for Bibemi
Oriole Resources plc has signed a definitive earn-in agreement with BCM International Ltd for the 177km2 Bibemi orogenic gold project in Cameroon. SIGNIFICANT The transaction follows the heads of terms signed in November for the licence as well as a second at Mbe, for which an agreement is expected later this month. BCM’s US$4 million […]