Borders & Southern Petroleum plc has raised £2.5 million before expenses through a firm placing and a conditional placing and conditional subscription. ISSUE PRICE Subject to the shareholder approval, the company will issue 142,857,138 new ordinary shares each at 1.75 pence, an approximate 44% discount to its closing price of 3.15 pence on 30 November […]
Tag: placing
Baron REX retail offer reaches two thirds target
Baron Oil plc raised gross proceeds of approximately £0.36 million through the REX retail offer, slightly less than two thirds its approximate target. TOTAL AMOUNT The company will issue a total of 302,856,299 new ordinary shares at the issue price. Baron Oil said yesterday it would offer existing shareholders up to 833,333,333 new ordinary shares of […]
Baron raises £6m for Timor Leste-North Sea assets
Baron Oil plc has conditionally raised £6 million before expenses via a placing, subscription and a retail offer. DIRECTORS’ DEALINGS The placing was for a total 4,166,666,667 new ordinary shares of 0.025p each in the company at 0.12 pence per new ordinary share. Chief executive Andrew Yeo subscribed for 8m new ordinary shares, taking his holding to 193m, […]
Arkle raises £200,000 via placing
Arkle Resources plc has raised £200,000 before expenses through a placing of 50,000,000 new ordinary shares at 0.4p per share. Each placing share has one warrant attached with the right to subscribe for one new ordinary share at 0.5p for a period of two years. DIRECTORS’ DEALINGS Chairman John Teeling and non-executive director David Cockbill […]
Alba conditionally raises £500,000 via placing
Alba Mineral Resources plc has raised £500,000 before expenses through the issue of 500 million new ordinary shares at a price of 0.1 pence per ordinary share. Each subscriber in the discounted placing will receive one warrant for every two subscribed shares, for a total of 250 million warrants. The warrants will have an exercise price of 0.2 pence per share and […]
Corcel raises £200,000 via placing to NPC
Corcel plc has raised £200,000 gross from issuing 50,000,000 new ordinary shares of £0.0001 each at £0.004 to its proposed joint venture partner Shangdong New Power COSMO AM&T (NPC). The company has also issued one warrant for every one share exerciseable at £0.005 at any time over the next year. On admission, the company’s total issued share capital will comprise 580,208,295 ordinary […]