Capricorn Energy plc has agreed to a third extension for a possible cash offer for the company from Alamadiyaf al-Masiyyah for Trading LLC. DEADLINE The company initially received “multiple unsolicited non-binding proposals” in March from Alamadiyaf al-Masiyyah, which is a member of the Saudi Arabia-based Cafani Group. The revised PUSU deadline has now been extended […]
Month: September 2026
Deltic confirms Petrogas exit from possible offer
Deltic Energy plc said that Petrogas International E&P Coöperatief U.A. had confirmed it did not intend to make an offer for the UK North Sea-focused company. TALKS Deltic has been under a £7.2 million cash offer since 7 May from Neo Next+ Energy Upstream UK Ltd. Petrogas’ withdrawal follows Capricorn Energy plc’s announcement on 19 […]
First Class nears cash sale of Ontario asset
First Class Metals plc said it was finalising the definitive documentation for the sale of one of its assets in Ontario, Canada. NON-DILUTIVE The company signed a non-binding letter of intent in June 2025 for the proposed cash transaction. “The transaction has now entered the final completion phase, with only customary legal formalities, funding settlement […]
Union Jack NED resigns
Union Jack Oil plc non-executive director Graham Bull has resigned, with immediate effect from 3 June 2026. FINANCES The company said that Mr Bull would continue to undertake technical duties for the company. A Union Jack statement read: “Mr Bull cited the detrimental effect attacks on the board from certain media organisations has had on […]
Panther issues 60,000 new shares
Panther Metals plc has issued 60,000 new ordinary shares of no par value, following a warrants exercise, for a total of £45,000. TVRs Following admission, the company’s total issued share capital will comprise 8,759,986 ordinary shares, with one voting right each. Panther does not hold any ordinary shares in treasury. The company is progressing its […]
Cornish Tin positive on Tregonning South drill results
Cornish Tin & Lithium Ltd posted positive results from phase III exploration drilling, targeting lithium-enriched aplite-pegmatite sheets, in the new extension area of Tregonning South in West Cornwall. SHEETS The company said it had previously discovered the same style of mineralisation, named the Newall Formation, at Tregonning North, where lithium grades included 0.3m at 1.33% […]