Sunrise Resources plc executive chairman Patrick Cheetham purchased 23 million ordinary shares of 0.001 pence each in the company on market, at a weighted average price of 0.0427 pence per share. Following the purchase, on 5 and 6 March 2024, Mr Cheetham is beneficially interested in 281,832,572 ordinary shares, including 5,500,000 ordinary shares held by […]
Author: editorial
Corcel issues 100m shares via warrant exercise
Corcel plc issued 100 million new ordinary shares of £0.0001 each following notice of the exercise of 100m warrants each at a price of £0.0021 for £210,000. Following admission, the company‘s issued share capital will comprise 1,874,794,153 ordinary shares, with equal voting rights. None of the shares are held in treasury.
Galantas hints at wider potential gold district
Galantas Gold Corporation survey results identified an undrilled target which could reveal the wider potential of the gold district around Cavanacaw mine in Omagh. CORNAVARROW The Canadian company has also received permission to drill eight boreholes from three locations within the mine site, which will target a southern portion of the main Joshua vein. In […]
Tullow swings to $435m loss
Tullow Oil plc swung to a loss driven by impairments and write-offs totalling $435 million from its operations. RELENTLESS Year results for 2023 showed loss from continuing activities of $110m compared with a $49m profit in 2022. The group wrote off exploration costs of $27m (2022: $105 million) mainly in Kenya following withdrawal of the JV partners. A re-assessment of risks resulted […]
Angus issues initial 25m shares for £20m loan fees
Angus Energy plc has issued 25 million new ordinary shares each at 0.40 pence as part payment of £750,000 fees to secure Trafigura‘s £20m loan The outstanding amount of the total 187.5m fee shares due to Aleph Commodities Ltd are subject to further authorisation at Angus’ general meeting on 14 March 2024. Following admission, the […]
Red Rock aims to finalise DRC arbitration award
Red Rock Resources plc aims to finalise its $10 million arbitration award either this week or next in the Democratic Republic of Congo. PROGRESS The company said it expected an initial $2.5 million from its local partner with $7.5m pending. The figures represent 50.1% of what was received by its partner from the buyer and […]