Power Metal Resources plc has raised £2.715 million via a placing, including a subscription by Term Oil Inc which is controlled by American investor Rick Rule. DIRECTOR DEALING The company has conditionally issued 319,388,235 new ordinary shares of 0.1 pence each in at a price of 0.85 pence per placing share. Each placing share has an attached warrant to […]
Tag: placing
Red Rock raises £223,000 via placing
Red Rock Resources plc raised £223,000 before expenses by placing 123,888,888 new ordinary shares of £0.0001 each in the company at a price of 0.18 pence per share. The company will also grant 123,888,888 warrants, exercisable into shares at a price of 0.35 pence per share for 18 months. Red Rock will additionally grant 12,388,888 broker […]
Ascent raises £400,000 via placing
Ascent Resources plc has raised £400,000 before expenses from existing shareholders through issuing 13,333,333 new ordinary shares of 0.5 pence each, at a price of 3 pence per placing share. Subject to shareholder approval, each placing share has one warrant attached with an exercise price of 5 pence per new warrant share over the next […]
Tungsten West to raise up to £9m as cost cutting starts
Tungsten West plc has started “major” cost cutting alongside up to a £9 million fundraise to meet “contractual liabilities” and pay for “significant annual expenditure” at its Hemerdon tin-tungsten mine in Devon. NEW DEBT The company aims to raise a minimum of £5m and up to £6.95m through a placing, not underwritten, of convertible loan […]
Corcel completes £1m placing with cornerstone investor
Corcel plc has completed a placing for £1,055,515 with an oil and gas focused cornerstone investor group. USES The fundraising was at a price of £0.0035, representing a 11% premium to the closing price of 27 March 2023 and a 16.6% premium to the 30-day VWAP. Corcel issued 301,575,574 new ordinary shares of £0.0001 to a […]
GreenRoc Mining raises £550,000 via placing
GreenRoc Mining plc has raised £550,000 by placing 15,714,287 new ordinary shares of 0.1 pence each at a price of 3.5 pence per placing share. Following the issue of the placing shares, the company’s total issued share capital will be 134,314,288 ordinary shares of 0.1 pence each, with voting rights. USES GreenRoc will use net […]