Lansdowne Oil & Gas plc has secured further unsecured convertible loan notes for £110,000 with “a number” of its existing shareholders, ahead of its proposed reverse takeover. BARRYROE Among the participants, chairman and director Jeffrey Auld subscribed for £20,000 CLNs on the same terms as other investors. The company said that the aggregate CLNs outstanding […]
Legal
Kavango faces seller default on Nara gold option
Kavango Resources plc said it was exploring all solutions after the seller of its Nara gold project in Zimbabwe defaulted on the agreed terms of the call option. ENFORCEMENT The company signed the agreement in June 2023, and exercised the option in July 2025, with the seller Simon John Bowman. Following an extension, completion of […]
Deltic’s sale to Viaro again deferred
Deltic Energy plc’s £6.9 million sale to the Viaro Group faces further delays, after the industry regulator deferred its decision until late March 2026, and without committing to a definite date. UNCERTAINTY The transaction with Viaro’s main operating subsidiary, RockRose Energy Ltd, was initially deferred in December 2025, after the North Sea Transition Authority asked […]
First Class investor 79th Group reduces holding
First Class Metals plc investor The 79th Group Ltd, which is currently under Police investigation for fraud, has reduced its holding in the Ontario-focused metals exploration company. MOMENTUM Quantuma Advisory Ltd which, with Kroll Advisory Ltd, is joint administrator of 79th, today stated that it had entered into a share purchase agreement with Anthony Charles […]
Lansdowne agrees further CLN
Lansdowne Oil & Gas plc has secured further convertible loan agreements for £100,000 with a “number of existing shareholders”. ECT The Dublin-based company said that the aggregate CLNs outstanding are now £330,000. Lansdowne will use the funds for working capital as it progressing towards a potential reverse takeover, targeted to complete during the first quarter […]
Union Jack notes withdrawn second requisition notice
Union Jack Oil plc said that a second purported requisition notice, dated 19 January 2026 at 5.19pm, from former director Craig Howie, was withdrawn before the market had opened. HOLDINGS The company reviewed the notice and took legal advice but “did not consider the second purported notice to be valid”. The notice, withdrawn on 20 […]