Conroy Gold and Natural Resources plc and its partner in Ireland and Northern Ireland have ended their joint venture after two years. DISTRICT SCALE Turkish miner Demir Export A.Ş leaves the agreement with a net smelter royalty, having spent €5,657,671 across the licences since the JV became unconditional on 31 March 2022. The 2% NSR […]
Author: editorial
Golden Metal in warrant exercises
Golden Metal Resources plc issued 4,291,819 new ordinary shares in the company via separate warrant exercises over shares of 1 pence each at an exercise price of 10.75p per share. On 26 April, the company issued received notices to exercise warrants over 1,959,799 new ordinary shares for £210,678.39. Warrant exercises on 18 April saw 283,090 […]
Tullow Oil CFO in shares purchase
Tullow Oil plc chief financial officer Richard Miller has purchased 54,000 ordinary shares of 10 pence each in the company at a price of £0.36 per share. The transaction for £19, 440 took place on 1 May. Tullow‘s licence interests are in Africa, South America and the UK.
Deltic risks losing Pensacola without funds
Deltic Energy plc needs to find £15 million for its share of costs for the Pensacola discovery or withdraw from the project if it fails to find a farm-in partner by the end of May. CAPITAL The company also warned it might not be able to obtain alternative sources of capital or on acceptable terms. […]
UKOG appoints adviser for Loxley farm-out
UK Oil & Gas plc has appointed specialist adviser Envoi Ltd for the farm-out of up to 50% of the Loxley gas and hydrogen feedstock project. COSTS The farm-out aims to have the planned Loxley-1 appraisal drilling and testing programme carried by the future partner or partners. UKOG said that there were also separate “active […]
Kavango raises £3m via Purebond support
Kavango Resources plc has raised £3,085,366 by issuing 257,113,862 new ordinary shares in the capital of the company at a price per share of 1.2 pence, via an underwritten accelerated bookbuild. DIRECTORS The company’s major shareholder Purebond Ltd, which subscribed for 221,213,862 new ordinary shares, underwrote the accelerated bookbuild. Purebond’s previous May 2023 investment in […]