Corcel plc received notice to convert £250,000 of its outstanding convertible loan notes and associated interest into 32,061,643 new ordinary shares of the company at a price of £0.008. The notice from Extractions Premium & Mining Ltd, of which Corcel executive chairman Antoine Karam owns 45%, leaves the principal balance of the CLNs at £750,000. Following […]
Tag: shares
Predator awards 2.7m bonus shares to chairman and COO
Predator Oil & Gas (Holdings) plc issued 2,659, 574 shares under the executive directors bonus scheme in recognition of the drilling programme and results onshore Morocco. Executive chairman Paul Griffiths and chief operating officer Lonny Baumgardner each received 1,329,787 1,329,787 shares. The amount, comprising 50% of the executive directors’ overall bonus related to the drilling […]
Orcadian signs lock-in with shareholder for new investor
Orcadian Energy plc has signed a six-month lock-in agreement over 7,049,695 ordinary shares in the company to allow a third-party investment deal. NEW INVESTORS Former director Greg Harding and his wife Nora Harding agreed not to sell their 9.35% holding from 23 October for that period of time except in certain limited circumstances. Orcadian, which […]
Helium One issues one million shares in options exercise
Helium One Global Ltd received notice to exercise options over a total one million ordinary shares in the company. Following admission, the company’s issued share capital will comprise 942,456,430 ordinary shares with voting rights. Helium One holds no ordinary shares in treasury.
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 […]
Corcel chairman swaps four months’ salary for shares
Corcel plc’s chairman will for four months receive shares in lieu of a monthly salary to reduce the company’s cash burn and ensure alignment with its shareholders. The company agreed to James Parsons’ proposal that beginning in February he will receive his monthly salaries and certain obligations from 2021 in the form of 16,910,618 new […]