Karelian Diamond Resources plc has extended its diamond exploration licences over the areas targeted by the upcoming campaign in the Kuhmo region of Eastern Finland. PROVINCE The company was granted a new reservation of Kuumu 1 at the Lentiira in northern Kuhmo, 30 km to the north of the green diamond discovery, with one year […]
Author: editorial
Arkle JV to focus spending on Carrickittle West
Arkle Resources plc’s joint venture partner plans to focus expenditure on the Carrickittle West area in the south of the Stonepark zinc project in County Limerick. VALUES Group Eleven Resources Corp’s decision follows a review of prospecting on all seven licences. The Canadian operator, which is awaiting results from three drill holes completed in January […]
Capricorn mulls Waldorf ‘restructure’
Capricorn Energy plc has engaged English and Norwegian counsel after its Columbus field partner Waldorf UK plc announced plans to restructure. ADMINISTRATION The company is awaiting the overdue final US$22.5 million settlement payment relating to the UK central North Sea asset. Capricorn today said: “Under Waldorf’s plan, certain amendments will be made to the terms […]
Borders issues 500,000 shares in warrant exercise
Borders & Southern Petroleum plc has issued 500,000 new ordinary shares in the company following an exercise of warrants over 500,000 new ordinary shares of 1 pence each. DARWIN The exercise price of 1.5 pence per warrant share gives the company an aggregate £7,500. Following admission, Borders’ total issued share capital of the company will […]
Metals extends £5.5m bridging term loan
Metals Exploration plc has extended the term of its £5.5 million unsecured bridging term loan facility with Drachs Investments No 3 Ltd to 31 March 2025. The company agreed the December 2024 loan in connection with its acquisition of Condor Gold plc. Drachs holds 12.4% of Metals’ issued share capital.
Predator raises £2m with strategic investors
Predator Oil & Gas Holdings plc has raised £2 million by conditionally placing with strategic investors 50m new ordinary shares of no par value in the company at 4 pence each. CORNERSTONE The company said that the placing utilised some of its existing headroom shares under the Financial Conduct’s Authority prospectus regulation rules. A total 10 million warrants are also […]