Company Moves Metals & Minerals News

Alba to change name to Arkadian

Alba Mineral Resources plc plans to change its name to Arkadian Strategic Metals plc, to reflect its broadened and diversified portfolio. SUPPLY The company began with gold assets, including the historic mines of Clogau-St David’s and Gwynfynydd as well as the wider Dolgellau Gold Belt in North Wales. It has since added Greenland graphite and […]

Finance News Oil & Gas

Ascent issues 21.9m new shares to creditors

Ascent Resources plc will issue 21,895,113 new ordinary shares to repay part of a loan and to settle payment to trade creditors. TVRs The company has agreed to issue shares in lieu of part repayment in an amendment to its existing secured loan facility with Riverfort Global Opportunities PCC Ltd. The deed of amendment and […]

News Oil & Gas

Capricorn withdraws from Deltic possible offer

Capricirn Energy plc said it did not intend to make an offer for UK North Sea-focused Deltic Energy plc after that latter agreed a £7.2 million cash sale to Neo Next+. EGYPT The Egypt-focused company had last month approached Deltic on a possible buyout. Capricorn is itself under a possible offer from Alamadiyaf al-Masiyyah for […]

Finance News Oil & Gas

Predator raises £3m

Predator Oil & Gas Holdings plc has raised £3 million before expenses by conditionally placing 85,714,286 million new ordinary shares of no par value in the company, at 3.5 pence each. TRINIDAD-MOROCCO The company is also issuing six million warrants, exercisable at 3.5p each, with an expiry date three years from the date of admission. Following admission, Predator will have […]

Metals & Minerals News

Conroy identifies growth potential at Clontibret

Conroy Gold and Natural Resources plc has identified a “significant intensely altered zone”, which could lead to a “concealed hydrothermal gold system” and further gold mineralisation at Clontibret in Co. Monaghan, Ireland. ZONES The findings are from two holes, part of a 2,000-metre programme, drilled to test the northern strike extension of the central gold […]

News Oil & Gas

Europa refused appraisal well at Cloughton

Europa Oil & Gas (Holdings) plc has been refused permission for a gas appraisal well at Cloughton in Burniston, North Yorkshire. DISAGREE Last month, the company said it would lodge an appeal after North Yorkshire Council said it was “minded to” reject the application. Europa today said: “This refusal is despite the recommendation made by […]