Condor Gold plc announced it has raised £4 million after placing 9,523,810 new ordinary shares in the company of 20p each (placing shares) at a price of 42p per placing share. The placing includes Condor Gold directors’ and chief financial officer’s subscriptions of 4,871,414 placing shares to raise in aggregate gross proceeds of £4,000,000 (placing) before expenses. The placing […]
Tag: extractive industries
Cornish Metals raises £8.2m via placing and subscription
Cornish Metals Inc said it had conditionally raised £8 million through a placing and subscription of common shares with new and existing investors. The Canadian company added that an additional investment of approximately £206,000 was made through an offer to high-net investors. The total amount reached £8.2m (CA$14.37m). Cornish Metals announced last Friday (5 February) […]
Alba tests reveal world class graphite flakes at Amitsoq
Alba Mineral Resources plc announced confirmation of very high graphite ore content, which was among the highest flake deposits in the world, at its drill-ready Amitsoq project in southern Greenland. The company said that results of independent test work programme on graphite material from the site also demonstrated that more than 96% graphite concentrate could […]
Altus granted four gold licences in Eastern Desert, Egypt
Altus Strategies plc said it was planning the first phase of exploration after it received four gold exploration licences across nine licence blocks totalling 1,565 km2 in the Eastern Desert of Egypt. LICENCES All four licences, which are between 30km and 100km of the Red Sea coast, are for an initial two-year term and renewable […]
Power Metal-Kavango set up new JV for metals projects in Botswana
Power Metal Resources plc and 50-50 strategic joint venture (SJV) partner Kavango Resources, focused on Botswana, have set up holding companies. SOUTH GHANZI Kanye Resources Pty Ltd in Botswana (Kanye Botswana) and Kanye Resources Ltd in England (Kanye UK) could potentially be listed on a stock exchange. The JV is exploring for potential large-scale copper-silver […]
Galantas agrees Omagh gold blasting with PSNI
Galantas Gold Corporation announced its operating subsidiary had reached a formal agreement regarding blasting with the Police Service of Northern Ireland (PSNI) at its Omagh gold mine. The Canadian gold miner, which has a 100% interest in Omagh gold mine, said: “The agreement provides the potential for a materially improved economic arrangement for an expansion […]