Metals & Minerals News

Power Metal expands interests in Saudi Arabia

Power Metal Resources plc has invested US$1.5 million (£1.2m) for an initial 4.6% shareholding in Greyridge Exploration Corp, focused on copper and gold deposits in Saudi Arabia. PROJECTS The $1.5m investment is part of an up to £10m financing with “leading global investors”. Power Metal also signed a memorandum of understanding with the Canadian company for its […]

Finance News Oil & Gas

Viaro buys 2.4m shares in Deltic

Viaro Energy Ltd has bought 2,443,880 shares in its target acquisition, Deltic Energy plc, ahead of the industry regulator’s decision on the pending takeover. CONFIDENCE Viaro yesterday purchased an initial 2,143,880 shares, each at an average price of 3.6034p, representing 2.30% of Deltic’s total issued share capital. Later on in the day at 6.25pm, Deltic announced […]