Anglesey Mining plc has met its target fundraise of £1 million by placing 64,999,993 ordinary shares and a subscription of 1,666,666 ordinary shares at a price of 1.5 pence per share. DIRECTORS Chairman John Kearney subscribed for circa 1.7m shares for £25,000 taking his total holding to c.3m shares; chief executive Jonathan Battershill, 1.3m shares […]
Tag: subscription
Golden Metal raises £1.98m and begins trading on AIM
Golden Metal Resources plc raised £1.98 million via a placing and subscription for the start of its trading today on the alternative investment market (AIM). TERMS The fundraise, through issuing 23,317,643 new ordinary shares of £0.01 each, is part of the admission process. Placing shares totalled 12,449,208 new ordinary shares and subscription shares totalled 10,868,435. Every two […]
Kavango investor targets majority holding with £6m subscription
Kavango Resources plc’s £6 million fundraise will be via direct subscription by current shareholder Purebond Ltd, potentially increasing its holding to more than 50%. TERMS The subscription in two stages will be for the conditional issue of 140 million new ordinary shares of £0.001 each at 1p per share, and 460m new ordinary shares for […]
Power Metal raises £2.7m via placing-subscription
Power Metal Resources plc has raised £2.715 million via a placing, including a subscription by Term Oil Inc which is controlled by American investor Rick Rule. DIRECTOR DEALING The company has conditionally issued 319,388,235 new ordinary shares of 0.1 pence each in at a price of 0.85 pence per placing share. Each placing share has an attached warrant to […]
Scotgold targets up to £2m in further fundraise
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 […]
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 […]