Scotgold Resources Ltd raised £1.5 million before expenses via a placing of 2,142,857 depositary interests of no par value in the company at a price of 70p per new ordinary share. Bridge Barn Ltd, a company owned and controlled by Scotgold’s chairman, Nathaniel (Nat) le Roux, will provide additional debt funding of £500,000 if required.
Tag: precious metals
Altus raises £7.7 million via placing and subscription
Altus Strategies plc announced it had conditionally raised £7.7 million (CA$13.35m) before expenses by way of an oversubscribed placing and subscription of 10,266,668 new ordinary shares at an issue price of £0.75 per share. Altus has a balance sheet of £12.5m in cash and £1.5m in listed equities. The company said the fundraising had attracted […]
RRAL appoints David Holden as board director
Red Rock Resources Australasia Pty Ltd (RRAL) has appointed exploration manager David Holden as a new board director. Mr Holden has extensive geological and public company experience, at both CTO and CEO level.
RRAL appoints Jack McInerney as exploration geologist
Red Rock Resources Pty Ltd (RRAL) has appointed Jack McInerney as exploration geologist. My McInnery has four years of regional experience at the Ballarat gold mine in the Victoria goldfields, Australia.
Power Metal raises £7,000 through warrant exercise
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 […]
Condor Gold finds additional vein at La India starter pit
Condor Gold plc confirmed a wide zone of high-grade ore from the main vein as well as an additional vein from initial results at the Northern starter pit at La India gold project, Nicaragua. The news comes as the junior miner completed the first 26 drill holes for a combined 1,296 metres of diamond drill […]