Finance News Oil & Gas

UKOG further cuts loan with 228m shares issue

Posted on Author editorial Comments Off on UKOG further cuts loan with 228m shares issue

UK Oil & Gas plc has issued a further 228,215,768 equity shares to repay £55,000 of the 2023 loan from RiverFort Global Opportunities PCC Ltd and YA II PN Ltd.

The loan’s principal balance is now £370,000 of the £2 million gross first cash sum received by the company.

Following admission, UKOG’s total voting rights will be 4,104,058,306 ordinary shares.

Related Articles
Metals & Minerals News

Scotgold still hindered by Covid-19 at Cononish mine

Posted on Author editorial

Scotgold Resources Ltd today said that Covid-19 continued to thwart developments at the Cononish gold and silver mine in Scotland. The filter press issues announced in February have continued through most of March and hampered production, although progress has been made in recent days to resolving these issues.  The company said that, once resolved and […]
Legal News Oil & Gas

Rockhopper awaits ruling on Italy’s move over award

Posted on Author editorial

Rockhopper Exploration plc said today that the Italian Government’s request to annul the €247 million award relating to the Ombrina Mare oil field dispute is due to have its final hearing during Q1 2024. AWARD The award comprises €190 million plus accrued interest from January 2016 to August 2022. Interest was paused for four months following the […]
Metals & Minerals News

Hummingbird on schedule for Kouroussa first gold pour

Posted on Author editorial

Hummingbird Resources plc said it had started civil works as remained on course to achieve first gold pour by the end of Q2 2023 at Kouroussa, Guinea. WORK PROGRAMME Chief executive Dan Betts added that the company would double its current production profile once the mine was in operation. Earthworks are nearly complete at the […]