United Oil & Gas plc has received its shareholders’ support for February’s £1 million discounted conditional fundraise via a placing. Voting remained open for three days until 18 March and the general meeting adjourned until today. United had warned that its future would be under threat if its investors refused to back the fundraise. The […]
Tag: placing
Clontarf raises £400,000 via placing
Clontarf Energy plc has raised £400,000 before expenses via a placing of 1,142,857,143 new ordinary shares of 0.01p each in the company at a price of 0.035p per placing share. The placing shares represent approximately 18% of the company’s issued share capital as enlarged by the placing. Following admission, Clontarf will have a total of […]
CMR conditionally raises £250,000 via placing
Critical Mineral Resources plc has conditionally raised approximately £250,000 before expenses via a placing. KM SECURITIES The placing comprised 12,242,252 new ordinary shares in the company and 8,018,646 treasury shares, at a price of 1.25 pence per new ordinary share. KM Securities Pty Ltd, in which Critical Minerals non-executive director Russell Thomson is 50% shareholder, acquired 2 […]
United conditionally raises £1m via placing
United Oil & Gas plc has conditionally raised £1 million via an oversubscribed discounted placing of 457.5m new ordinary shares with new and existing shareholders. DIRECTORS’ DEALINGS The company issued 500m new ordinary shares each of £0.00001 at a price of £0.002 each, representing 76.18% of the company’s issued ordinary share capital. The fundraise was completed […]
FCM raises £166,500 via chairman’s placing shares loan
First Class Metals plc has raised £166,500 via a private placing of 3.7 million ordinary shares of 0.1p each, at a price of 4.5p. The placing price is a 10% premium to the middle market price of ordinary shares at the close of business on 21 February 2024. Having insufficient headroom to issue and admit […]
UKOG raises £750,000 via 3.7bn share placing
UK Oil & Gas plc (UKOG) raised gross £750,000 via a placing of 3,750,000,000 new ordinary shares at a price of 0.02 pence per share. The placing price represents a 20% discount to the closing price of 0.0250 pence per ordinary share on 11 January 2024, and 13% of the enlarged issued share capital. CMC Markets […]