UK Oil and Gas plc has raised approximately £248,204 via a retail offer for 496,408,000 new ordinary shares of £0.000001 each in the company, at 0.05 pence per share. The funds raised add to the company’s 37% discounted placing on 5 August, which raised £1 million at the same price per share. Issue of shares is […]
Author: editorial
Prospex raises £859,323 via wrap retail offer
Prospex Energy plc has raised £859,323.60 via a “significantly oversubscribed” wrap retail offer for 14,322,060 new ordinary share at an issue price of 6 pence per share. The proceeds add to the placing and subscription earlier this week, taking the total raised to approximately £4.2 million. Following admission of the placing, subscription and wrap retail […]
Ormonde technical adviser becomes CEO of TRU
Ormonde Mining plc technical advisor Steve Nicol has been appointed chief executive officer of investee TRU Precious Metals Corp. He has been a director of the Canadian company, alongside Ormonde’s executive chair Brian Timmons, since Ormonde’s investment in 2023. He is also a director of Ormonde’s other investee company Peak Nickel Ltd. Mr Nicol is a […]
Oriole identifies new mineralised zone at Bibemi
Oriole Resources plc said it had identified a new mineralised zone at the Lawa West prospect within its 82.2%-owned Bibemi orogenic gold project in Cameroon. EXPANSION Earn-in partner BCM International Ltd is currently funding up to US$4 million exploration in return for up to a 50% interest in the project. Oriole added that recent mapping within the […]
Predator begins Sandjet rigless testing on MOU-3
Predator Oil & Gas Holdings plc has begun Sandjet rigless testing on the MOU-3 well at Guercif in Morocco. MOMENTUM Following the June arrival of initial equipment, testing tools and chemicals required for rigless testing operations were imported into Morocco. The company said that remaining rigless testing equipment arrived after clearance on 2 August, with […]
Tertiary signs First Quantum earn-in for Mukai
Tertiary Minerals plc subsidiary in Zambia has signed a binding letter of agreement for First Quantum Minerals Ltd to earn in up to 90% on the Mukai copper project. MILESTONES Exploration licence 27066-HQ-LEL, held by Tertiary’s local partner Mwashia Resources Ltd, covers 55.4km2 and lies in the Domes region of the Zambian copper belt. In September […]