Finance News Oil & Gas

Angus issues shares for £3m loan

Angus Energy plc received shareholders’ approval in yesterday’s general meeting to issue 516,033,308 shares at 0.66 pence to Kemexon Ltd in exchange for a £3 million loan. Following the issue of the shares, Angus will have 4,142,893,340 ordinary shares in issue, each with one vote. The company holds no ordinary shares in treasury.

News Oil & Gas

Rockhopper issues 900,000 shares in warrant exercise

Rockhopper Exploration plc has issued a total 989,889 ordinary shares of 1 pence each from warrants issued as part of the fundraise in June 2022. The shares were issued on 6, 14, 21 and 28 September 2023 under the company’s existing block listing entitlement. As at 30 September 2023, Rockhopper’s issued ordinary share capital comprised 591,439,130 ordinary shares […]

Finance News Oil & Gas

Prospex issues 2.5m shares to clear CLNs

Prospex Energy plc received notices to convert a total £109,043.57 in the final two of a group of convertible loan notes into 2,565,732 new ordinary shares each of 0.1p in the company. The CLNs, issued in July 2022, are convertible at 4.25p per share. On admission, the company will have 329,272,881 ordinary shares in issue.  “These […]

Finance News Oil & Gas

Prospex issues 14m shares to settle £642,000 CLNs

Prospex Energy plc has issued just over 14 million new ordinary shares to settle £642,000 in convertible loan notes (CLNs) from last year. The company yesterday received notices to convert £453,562.27 in four CLNs in exchange for 10,672,055 new ordinary shares of 0.1p each in the company. The CLNs, issued in July 2022, are convertible […]

Finance News Oil & Gas

Prospex converts £225,377 CLNs to 5.3m shares

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 […]