Angus Energy plc has issued 427,893,123 ordinary shares to convert £1 million of the February 2022 deferred consideration to Forum Energy Services Ltd. COMPRESSOR The conversion notice from Forum covers principal payments due up to and including 31 December 2024. Angus said it would a further 137,145,481 ordinary shares in relation to accrued interest until […]
Tag: shares issue
Panther mulls dual listing in Canada
Panther Metals plc is exploring a potential dual listing on the Canadian stock exchanges to benefit from an “advantageous tax environment for explorers” and North American investors’ interest. FINANCING The company owns the Dotted Lake gold project and holds an option to acquire 100% of the VMS-graphite-zinc Obonga project both located in the Schreiber-Hemlo greenstone […]
Metals issues 94m shares for £5.6m loan facility
Metals Exploration plc has issued 94,127,854 ordinary shares each of £0.0001 held in treasury to satisfy the outstanding £5,647,671.23 unsecured bridging term loan facility, plus interest, with Drachs Investments No3 Ltd. DEBT-FREE The issue price of £0.06 per ordinary share, represents a premium of 9.1% to the middle-market close price on 6 March 2025. Drachs […]
Red Rock issues 71m shares for advance
Red Rock Resources plc has issued 71,428,571 new ordinary shares of 0.01 pence each at a subscription of 0.035 pence per share to convert a £25,000 advance from an existing shareholder. TVRs The issued shares have accompanying 71,428,571 warrants, exercisable at 0.045 pence per share at any time before 24 February 2028. Following admission, Red Rock’s […]
Panther publishes prospectus
Panther Metals plc has today published a prospectus to allow it to trade on the main market of the London Stock Exchange, following the conditional fundraise in January. The placing involved the issue of 910,000 ordinary shares of no par value at a price of 50 pence per each, raising £455,000. Following admission, the Ontario-focused […]
FCM issues 91m shares on prospectus publication
First Class Metals plc has issued nearly 91 million shares on today’s publication of an approved prospectus, following a proposed £2.18 million investment in December 2024. OWNERSHIP The Ontario-focused explorer issued 78,552,084 new ordinary shares of £0.001 each to The Seventy Ninth Group Ltd to meet the terms of the investor’s subscription. The balance of […]