Angus Energy plc has issued 25 million new ordinary shares each at 0.40 pence as part payment of £750,000 fees to secure Trafigura‘s £20m loan The outstanding amount of the total 187.5m fee shares due to Aleph Commodities Ltd are subject to further authorisation at Angus’ general meeting on 14 March 2024. Following admission, the […]
Tag: shares for fees
Scirocco cancels directors’ fee shares options
Scirocco Energy plc has cancelled certain options held by directors and former directors under the shares in lieu of fees scheme and paid the money owed in cash. OBLIGATION From 2020 to 2022 the directors concerned deferred salaries to preserve cash in the business in exchange for new ordinary shares options, resulting in £447,000 savings. […]
Power Metal completes early Authier North earn-in
Power Metal Resources plc has negotiated early completion of the earn-in to a 100% interest at the Authier North lithium project in Quebec. CASH AND EQUITY The agreement from July 2021 is for Authier North and Duval East in the Val d’Or mining camp approximately 45km northwest of the city of Val d’Or. The company said it had […]
Altona settles fees with one million shares
Altona Rare Earths plc has issued one million new ordinary shares each at a price of 5 pence to settle fees with business development officer Christian Taylor-Wilkinson. The fees are for services provided in 2021 by Leander PR Ltd of which he is a director. Following the issue of shares, Mr Taylor-Wilkinson owns an interest […]
Altona raises £2m ahead of main market trading
Altona Rare Earths plc has raised £2 million in a placing and subscription ahead of starting to trade on the main market of the London Stock Exchange. The company raised £1,677,300 via a placing and £322,700 through a subscription with the issue of 40 million new ordinary shares each at 5 pence. Altona said it […]