Prospex Energy plc received notices to convert a total £225,377.72 in two convertible loan notes (CLNs) in exchange for 5,303,006 new ordinary shares of 0.1p each in the company. The CLNs, issued in July 2022, are convertible at 4.25p per share. On admission, Prospex will have a total of 312,603,360 ordinary shares in issue. Chief executive […]
Tag: shares issue
Prospex converts £105,000 CLN for 2.5m shares
Prospex Energy plc has received notice to convert a total £104,745.81 in a convertible loan note in exchange for 2,464,608 new ordinary shares of 0.1p each in the company. The convertible loan note, issued in July 2022, is convertible at 4.25p per share. Following admission, the company will have 307,300,354 ordinary shares in issue.
Red Rock issues 26m shares for £52,500 CLNs
Red Rock Resources plc issued 26,000,000 ordinary shares each at a price of £0.0020196 after receiving notice to convert £52,509.60 of convertible loan notes, including interest. The company has also issued 50 million warrants exercisable into new ordinary shares for two years at 0.2p to an unsecured lender, subject to approval at the next general […]
Block allots total 35m shares for staff and services
Block Energy plc has allotted an aggregate 35,124,708 ordinary shares each of 0.25p as incentives for staff and to pay service providers. Following shareholders’ approval in June 2023, the company has allotted 30 million new ordinary shares to the Intertrust Employee Benefit Trustee Ltd as trustee of the company’s employee benefit trust. Block said the shares […]
Red Rock settles £236,000 debt and fees with 200m shares
Red Rock Resources plc has settled £236,032.38 debt and related fees by issuing 199,563,030 new ordinary shares of £0.0001 in the company, each at an average price of 0.1182746 pence. The company has now cleared its outstanding debt due to Diversified Metals Holdings LLC and has less than £60,000 outstanding debt, to be settled in […]
Conroy to raise £400,000 via discounted shares
Conroy Gold and Natural Resources plc has raised £400,000 by issuing nearly three million new ordinary shares to two investors. TERMS A total of 2,962,962 new ordinary shares of €0.001 [sic] will be issued, each at 13.5 pence and representing a discount of 9.2% to the closing mid-market price of 14.875 pence on 19 June […]