Corcel plc has acquired an additional 20% in its operated block KON-16 in the Kwanza Basin, onshore Angola. FUNDRAISE The acquisition, subject to approvals, is through its 90% owned subsidiary Atlas Petroleum Exploration Worldwide Ltd (APEX), taking its total holding to 55% gross, with 49.5% net to Corcel and at no cost. KON-16 covers 1,022 km2 […]
Tag: subscription
Ascent raises $1m via direct subscription
Ascent Resources plc has raised gross US$1million (£763,170) via a direct subscription at a 43% premium. The company issued 33,181,304 new ordinary shares of 0.5p each to oil and gas investor CB Energy VI, LLC at a price of 2.3 pence per new share. Following completion of the subscription and admission, CB Energy will have […]
Fulcrum raises £643,500 via subscription
Fulcrum Metals plc has raised £643,500 via a 45% discounted conditional subscription of 8,043,750 new ordinary shares of 1 pence, at a price of 8 pence per share, by certain existing shareholders. DIRECTORS The company’s directors will later this month raise an additional £114,500, comprising a £89,769 subscription and conversion of outstanding salaries totalling £24,731 into […]
Red Rock issues 44m shares for £20,000 advance
Red Rock Resources plc has issued 44,444,444 new ordinary shares at a subscription price of 0.045 pence per share, to convert a £20,000 advance by an existing shareholder. Following admission, the company’s issued share capital will comprise 5,004,338,042 ordinary shares, with voting rights. None of the shares is held in treasury.
Red Rock issues 44.4m shares for £20,000
Red Rock Resources plc issued 44,444,444 new ordinary shares at a subscription price of 0.045 pence per share to convert an advance of £20,000 by an existing shareholder. Following the shares issue the company’s issued ordinary share capital will comprise 4,830,265,010 ordinary shares, each with voting rights. None of the shares is held in treasury.
Guardian completes £2m strategic financing
Guardian Metal Resources plc has completed a strategic financing of £2,154,074.58 (US$2.75m) via a direct subscription. The company issued 7,978,054 new ordinary shares of 1.0p each, representing 6.7% of its enlarged issued share capital, at 27p per share. The subscribers will receive one warrant with every two subscription shares, totalling 3,989,027 new warrants, with an exercise […]