Scotgold Resources Ltd aims to raise £1.5 to £2 million via an open offer and a subscription for its operations at Cononish gold and silver mine near Tyndrum in Scotland. OPEN OFFER Existing shareholders can subscribe for up to 10,065,262 new ordinary shares of 15 pence to raise up to a maximum of £1.5m. Directors participating include […]
Tag: subscription
Oriole raises £195,000 via chair subscription
Oriole Resources plc has raised £195,500 via a subscription by its non-executive chair Eileen Carr. A total of 115,000,000 new ordinary shares will be issued at 0.17 pence per share, equal to the the mid-price of the company’s ordinary shares at close of market on 19 April 2023. Following the shares issue, Ms Carr will […]
Altona prepares new fundraise for delayed listing
Altona Rare Earths plc is preparing to raise £1.5 million ahead of listing on the main market of the London Stock Exchange. FUNDRAISE The company aims to raise approximately £1.25m via a placing and subscription by certain directors of the company and other investors. In August 2022, Altona raised £1.1m but the admission process took longer […]
Angus targets £7m via placing and subscriptions
Angus Energy plc has to date raised £5.6 million of a target of £7.1m through a placing and subscriptions in two tranches. PLACING AND SUBSCRIPTIONS The company raised a total of £1.89m through the placing of 115,000,000 ordinary shares. The first tranche of subscriptions generated an initial £3.7m through the issue of 226,219,000 ordinary shares at 1.65p per […]
Red Rock to raise up to $1.5m from single investor
Red Rock Resources plc has signed a funding agreement with institutional investor Diversified Metals Holdings LLC to fund exploration and working capital. SUBSCRIPTIONS Diversified Metals will subscribe for new ordinary shares of £0.0001 to raise an initial US$500,000. Following this, the US-based investor may subscribe for further shares for $1,000,000, within the next 18 months. […]
Borders targets £2.5m in 44% discounted fundraise
Borders & Southern Petroleum plc has raised £2.5 million before expenses through a firm placing and a conditional placing and conditional subscription. ISSUE PRICE Subject to the shareholder approval, the company will issue 142,857,138 new ordinary shares each at 1.75 pence, an approximate 44% discount to its closing price of 3.15 pence on 30 November […]