Metals & Minerals News

Red Rock issues 405m shares to convert debt

Red Rock Resources plc has issued 405,175,088 new ordinary shares at a subscription price of 0.045 pence per share to convert £182,328.79 debt. Following admission, the company’s issued ordinary share capital will comprise 4,785,820,566 ordinary shares, with voting rights. Red Rock holds none of the ordinary shares in treasury.

News Oil & Gas

Corcel issues 3.5m SIP shares

Corcel plc has issued 3,556,362 ordinary shares of £0.0001 each in the company under its share incentive plan for the 2023-24 tax year. The scheme was agreed in the Trustees meetings on 2 April and 8 May 2024. The SIP allows eligible employees to have monthly salary deductions to be held by the SIP Trustees until the end […]

Finance News Oil & Gas

UKOG further cuts loan with 228m shares issue

UK Oil & Gas plc has issued a further 228,215,768 equity shares to repay £55,000 of the 2023 loan from RiverFort Global Opportunities PCC Ltd and YA II PN Ltd. The loan’s principal balance is now £370,000 of the £2 million gross first cash sum received by the company. Following admission, UKOG’s total voting rights […]

Metals & Minerals News

Red Rock issues 81m incentive shares

Red Rock Resources plc has issued 80,928,000 ordinary shares of £0.0001 each in the company under its share incentive plan. The awards are for the 2023/24 tax year as agreed by the trustees in their meeting held on 2 April 2024. Under the SIP, all eligible employees may elect to have monthly deductions from their salary […]

News Oil & Gas

UKOG further reduces loan with 200m shares issue

UK Oil & Gas plc has reduced its 2023 loan by issuing 200 million ordinary shares to lenders RiverFort Global Opportunities PCC Ltd and YA II PN Ltd. Conversion of the equity shares will further reduce the current £545,000 principal balance of the £2m gross first cash sum received. UKOG said that the reduction in […]

Finance News Oil & Gas

UKOG issues 207m shares to reduce £2m loan

UK Oil & Gas plc has issued 206,965,282 ordinary shares to reduce the £2 million loan from lenders RiverFort Global Opportunities PCC Ltd and YA II PN Ltd. Future conversion of the shares will further reduce the principal balance below January’s £660,000 figure. Following admission, the total voting rights in the company will be 3,460,957,892 ordinary shares. […]