Oriole Resources plc has conditionally raised £600,000 in a placing, including £32,000 as subscriptions by certain directors. DIRECTORS’ DEALINGS The company announced on 28 October, that it will issue in aggregate 500,000,000 new ordinary shares, each at 0.12 pence. The placing price is equal to a 27% discount to the 14-day volume weighted average price […]
Tag: Oriole Resources plc
Oriole granted two-year extension for Bibemi
Oriole Resources plc has been granted a two-year licence extension for its 90%-owned Bibemi orogenic gold project in Cameroon. PROSPECTS The company said that under Cameroonian law, no mandatory ground relinquishment was required on renewal and the Oriole has maintained the full 177km2 licence area. The extension, which is non-renewable, is valid until 26 September 2024 after […]
Oriole notes stand-alone potential for Faré gold
Oriole Resources plc said that the Faré prospect had the potential to be a stand-alone project at the joint venture Senala gold joint venture in Senegal. FARÉ PROSPECT Earlier this year project partner IAMGOLD began its second option to spend a further US$4m and recently completed 1,307 holes for 10,695m in auger drilling at Faré. […]
Oriole early results could confirm new gold district
Oriole Resources plc said that early stage exploration results appeared to confirm the company’s proposition of a new gold district at its 90%-owned Central Licence Package (CLP) in central Cameroon LICENCES The district -scale area covers 3,592 km2 comprising eight contiguous licences highly prospective for orogenic-style gold mineralisation. Oriole has to date focused on the […]
Oriole converts second tranche of directors’ wages
Oriole Resources plc said it had completed the conversion of the second tranche of directors’ wages into shares as part of the company’s salary sacrifice scheme. A total of £25,000 has been converted to 8,934,647 new ordinary shares of 0.1p each. Oriole added that following the issue of thee shares, the directors would collectively hold […]
Oriole awaits results of 1,980 samples from Cameroon
Oriole Resources plc said it expected results during Q3 2022 of 1,980 samples from its 90% owned Central Licence Package (CLP) and Bibemi gold projects in Cameroon. CLP The CLP project (3,592km2), located in the centre of Cameroon, comprises eight contiguous licences (five defined as Eastern CLP and three as Western CLP). Oriole completed the […]