Karelian Diamond Resources plc has raised a total gross £323,075 via a 37.5% discounted placing and subscription to a total 43,076,667 new ordinary shares each at 0.75 pence. USES The placing for 34,066,667 ordinary shares of €0.00025 each, raised £255,500 while the subscription for 9,010,000 ordinary shares at the issue price raised £67,575. Each placing […]
Tag: subscription
Borders raises £2m via placing-subscription
Borders & Southern Petroleum plc has raised gross £1,860,000 via a 3% discounted placing of 39,157,895 new ordinary shares and £140,000 through a subscription for 2,947,368 new ordinary shares. DIRECTORS The placing, at 4.75 pence per share, is with “various UK and European institutional investors”, directors, management as well as existing and new sophisticated investors. […]
GreenRoc raises £735,000
GreenRoc Strategic Materials plc has raised £735,000 via a 31.57% discounted placing and subscription for a total 56,538,462 new ordinary shares at 1.3 pence per share. DIRECTORS’ DEALINGS The fundraise comprises a placing of £500,000 from institutional investors, £165,000 from existing shareholders, £50,000 from its largest shareholder Alba Mineral Resources plc and £17,500 from directors […]
Red Rock issues 700m shares
Red Rock Resources plc in is talks to sell some of its assets as it issued, in aggregate, 714,055,114 new shares to settle accrued interest, fees, a subscription and a debt. BUYERS A total 54,911,214 shares issued each at 0.041p are for accrued interest on a four-month extension from 18 November 2024 to the term of […]
Ascent acquires 49% in Utah-Colorado licences
Ascent Resources plc has acquired a 49% interest in 119,000 acres of helium-rich oil and gas licences in the Paradox Basin across Utah and Colorado, USA. ZONES The US$2 million acquisition, supported by a $475,949 fundraise at a 203% premium, is from Houston-based operator American Helium LLC. Ascent will pay $1.75m with 27,650,000 new Ascent […]
United conditionally raises £700,000
United Oil & Gas plc has conditionally raised £700,000 via a placing and subscription for a total 700 million new ordinary shares of £0.00001 each in the capital of the company, at £0.001 each. JAMAICA Proceeds will go towards work programme obligations and seeking a farm-out for the 22,400km2 Walton Morant exploration licence, offshore Jamaica. The fundraise […]