Kavango Resources plc has raised approximately US$4.7 million (£3.5m) in Zimbabwe and £2.8m in the UK, both at or the equivalent of £0.01 per share. NARA The fundraise was by way of a subscription for an aggregate 629,991,138 new ordinary shares at a 33% premium to the mid-market price at close on 5 March 2026. […]
Tag: subscription
Cora raises up to £13.7m with strategic investor
Cora Gold Ltd has conditionally raised between £12,854,074.26 and £13,707,141.36, before expenses, through a subscription by Eagle Eye Asset Holdings Pte. Ltd. EAGLE EYE The subscription for up to 228,452,356 new ordinary shares of no par value is at six pence per ordinary share, which is a 44% discount to the closing mid-market price of […]
Arkle adds Namibia Uranium to portfolio
Arkle Resources plc has expanded into uranium with an 85% interest in Namibia Uranium Pty Ltd, for £2.032 million in shares and cash raised through a “significantly” oversubscribed fundraise. DIRECTORS’ DEALINGS Namibia Uranium holds four exclusive prospecting licences, adjacent to three major uranium deposits of Trekkopje, Marenica and Rössing in the Erongo Region. Arkle said […]
Strategic raises £4m for Redmoor
Strategic Minerals plc has raised gross £4 million through the issue of an aggregate 307,692,308 new ordinary shares in the company of 0.1 pence each, at a price of 1.3p per new ordinary share. TVRs The fundraise comprised a placing and a subscription for 123,076,922 and 184,615,386, respectively. Strategic said that demand had exceeded expectations, […]
Critical Mineral raises £2.925m
Critical Mineral Resources plc has raised £2.925 million via a placing and subscription for an aggregate 129,999,995 new ordinary shares, at a price of 2.25 pence per share. PROSPECTUS The placing of 108,888,885 new ordinary shares raised gross £2.45m, while the subscription of 21,111,110 new ordinary shares with a strategic major shareholder raised £475,000. Each […]
Red Rock raises £650,000
Red Rock Resources plc has raised £650,000 via two separate subscriptions and conversion of a debt. TVRs On 19 December, Clear Capital Markets made a cash subscription of 1,990,477,000 new ordinary shares of 0.01 pence each, at a price of 0.021 pence per share. Red Rock will also issue two warrants for every five subscription […]