Power Metal Resources plc has received subscription monies of £7,000 after receiving notices to exercise warrants over 1,000,000 new ordinary shares of 0.1 pence each in the company (warrant shares). The warrant shares are being issued pursuant to the exercise of 1,000,000 warrants at an exercise price of 0.7 pence per ordinary share of 0.1 […]
Tag: Power Metal Resources plc
Red Rock-Power Metal to apply for Canada IPO and new gold licence
Red Rock Resources plc and Power Metal Resources plc have appointed legal counsel to begin the IPO process in Canada for the joint venture partners’ gold interests in Australia. LICENCES Red Rock Resources Australasia plc (RRAL), split 50.1%-49.9%, has also submitted an application for another licence in the Ballarat region in the Victoria gold fields. […]
Power Metal appoints Edmund Shaw as NED
Power Metal Resources plc has appointed Edmund (Ed) Charles Frederick Edmund Shaw as non-executive director. Mr Shaw, aged 47, is an experienced City finance professional took up his position on 19 February 2021. His previous directorships include Dunton Capital LLP, Manders & Shaw Limited and ShawCap Limited. He is currently director at NewPeak Capital LLP […]
Power Metal raises £18,992 via warrant exercise
Power Metal Resources plc received £18,992 following notices to exercise warrants over a total 2,199,200 new ordinary shares of 0.1 pence each in the company. Exercise of 1,199,200 warrants is at 1.0 pence per ordinary share and 1 million warrants at 0.7 pence per ordinary share. Following admission, Power Metal’s issued share capital will comprise 1,135,917,930 […]
Power Metal acquires Coco East
Power Metal Resources plc has exercised its option to acquire the Coco East property located on the prospective Schreiber-Hemlo greenstone belt, in northwest Ontario. TARGETS Coco East is the second of four gold exploration properties for which the company has an exclusive option to acquire a 100% interest. The acquisition follows Power Metal’s recent acquisition […]
Power Metal losses narrow as global scope rises
Power Metal Resources plc reported it last year narrowed losses and increased its interests as it quickened the pace of its base and precious metals business. FINANCES In its audited results for the year to 30 September 2020, the company reported a loss of £1.4 million (2019: £1.6m). At the year end, Power Metal held […]