Power Metal Resources plc received £43,750 following notices to exercise warrants over 6,250,000 new ordinary shares of 0.1 pence each in the company. The warrant shares are each being issued at an exercise price of 0.7 pence.
Tag: Power Metal Resources plc
Tati anomalies could be game changing for Power Metal
Power Metal Resources plc confirmed large scale anomalies from first soil sample results at its wholly owned gold-nickel Tati project near Francistown in Botswana. SAMPLING The company collected a total of 1,107 soil samples and 49 rock samples across five grid areas. The results are from 727 soil samples from grids 2 to 5, analysed […]
Power Metal raises £123,000 through warrant exercise
Power Metal Resources plc raised £123,000 following notices to exercise warrants over 16,500,000 new ordinary shares of 0.1 pence each. The warrant shares are being issued pursuant to the exercise of 15,000,000 warrants at an exercise price of 0.75 pence per ordinary share of 0.1 pence each in the company (ordinary share) and 1,500,000 warrants at an exercise price of 0.70p per […]
Power Metal raises £300,000 via insider warrant exercises
Power Metal Resources plc raised £300,000 following completion of irrevocable insider warrant exercises. Value Generation Ltd, a private company beneficially owned by Power Metal’s chief executive Paul Johnson, completed its irrevocable undertaking to exercise warrants to subscribe for 10 million new ordinary shares of 0.1p each at an exercise price of 1.0p per ordinary share raising £100,000. Following admission […]
Red Rock-Power Metal JV seeks London listing
Power Metal Resources plc and Red Rock Resources plc plan a London listing for their joint venture focused on the Victoria gold fields, Australia. LISTING Red Rock Australiasia Pty Ltd (RRAL) is 50.1% owned by Red Rock and 49.9% owned by Power Metal. Paul Johnson, CEO of Power Metal and Andrew Bell chairman of Power Metal are […]
Power Metal nears diamond drilling at Haneti
Power Metal Resources plc has completed plans for a diamond drill campaign at the 5,000km2 nickel-copper-cobalt-platinum group metals (PGMs) joint venture Haneti project in central Tanzania. DRILL PLANS In April, the company’s partner Katoro Gold plc (65%) began the plans which considered all exploration results and extensive technical consultation. Katoro will now submit the drill […]