Red Rock Resources plc said it remained on course with its arbitration proceedings in the Democratic Republic of Congo, despite conflict and demonstrations. PARTNERS Chairman Andrew Bell added: “Inevitably the invasion in the east of the country has been a distraction and caused delay, including days when offices were shut and flights cancelled. “By maintaining […]
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Karelian raises £323,075 via placing-subscription
Karelian Diamond Resources plc has raised a total gross £323,075 via a 37.5% discounted placing and subscription to a total 43,076,667 new ordinary shares each at 0.75 pence. USES The placing for 34,066,667 ordinary shares of €0.00025 each, raised £255,500 while the subscription for 9,010,000 ordinary shares at the issue price raised £67,575. Each placing […]
Borders raises £2m via placing-subscription
Borders & Southern Petroleum plc has raised gross £1,860,000 via a 3% discounted placing of 39,157,895 new ordinary shares and £140,000 through a subscription for 2,947,368 new ordinary shares. DIRECTORS The placing, at 4.75 pence per share, is with “various UK and European institutional investors”, directors, management as well as existing and new sophisticated investors. […]
Helium One JV spuds Jackson-31 at Galactica
Helium One Global Ltd’s joint venture has spud the Jackson-31 well at the Galactica helium development project in Las Animas County, Colorado, USA. LYONS Operator and partner Blue Star Helium is currently preparing to drill intermediate hole section “The shallow conductor section has been set, and the BOPs [blowout preventers] are now being installed and tested […]
Predator to boost production on Challenger deal
Predator Oil & Gas Holdings plc aims to increase production following its agreement to acquire all the Trinidad and Tobago assets belonging to Challenger Energy Ltd. SNOWCAP The purchase, for up to US$8 million, of Columbus Energy (St. Lucia) Ltd includes its business, producing interests and operations’ subsidiaries. Assets include the three producing fields of […]
Fermi acquires Fortin River uranium project
Power Metal Resources plc’s uranium joint venture, Fermi Exploration, has acquired the Fortin River project in northern Saskatchewan, Canada. MOMENTUM The company said that preliminary geophysical data indicated the potential presence on the 3,859 hectares (38.59 km2) site of a 1.7 km wide meteor impact crater. Power Metal noted that such targets were known for unconformity-related uranium mineralisation elsewhere […]