Fulcrum Metals plc has signed a non-binding US$20 million (£15m) royalty financing term sheet and a £200,000 subscription with Chancery Royalty Ltd for its Teck-Hughes tailings project in Ontario, Canada. GROWTH Under the proposals, Chancery receives a 5% net smelter royalty over Teck-Hughes gold production while Fulcrum retains the right to repurchase 2% of the […]
Tag: subscription
Star issues 60.5m new shares
Star Energy Group plc has issued 60,531,015 new shares in relation to the placing, subscription and retail offer held earlier this month, which raised an aggregate £9.1 million. TVRs The shares issue follows shareholders’ approval at the company’s general meeting today. Following admission, Star’s total issued share capital will comprise 191,865,143 ordinary shares, with voting […]
Fulcrum secures £6m for tailings projects
Fulcrum Metals plc has secured £6 million funding with institutional investor YA II PN Ltd to advance its Teck-Hughes and Sylvanite gold mine tailings projects in Ontario, Canada. PILOT PLANT The financing comprises a combination of equity and convertible debt funding as well as an at-the-market subscription facility, arranged with Fulcrum’s broker Clear Capital Markets […]
Reabold raises £687,000
Reabold Resources plc has raised £686,800 via a conditional subscription for 686,800,000 new ordinary shares of 0.1 pence each in the company, at 0.1 pence per share. DIRECTORS The company has also proposed a share consolidation, subject to shareholder approval. The subscription adds to the £1.51 million and £1.9m raised during March 2026, and takes […]
Sunda raises £6.7m to diversify into New Zealand
Sunda Energy plc has conditionally raised up to £6.7 million to buy production and exploration permits, onshore Taranaki Basin on the west coast of New Zealand’s North Island. TVRs The fundraise involved Alumni Capital’s firm subscription which raised £900,000 at 0.02975 pence per share Alumni Capital also provided a convertible loan note for £4,250,000, conditional […]
European shareholders back £7.5m fundraise
European Green Transition plc shareholders have today approved the £7.5 million fundraise earlier this month for 86% of the company’s issued ordinary share capital. TVRs The company will issue 4,583,333 warrants, at the issue price of six pence per ordinary share, in relation to a bridge facility from Raglan Road Capital Ltd. The fundraise, via a […]