Helium One Global Ltd raised a total £6.8 million via a fundraise and retail offer through the issue of 113m ordinary shares of no par value in the company at 6 pence per ordinary share. DIRECTORS DEALINGS A placing, conducted through an accelerated bookbuild process, of 104,383,335 new ordinary shares raised £6.26m and a subscription […]
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Cornish Metals appoints Fawzi Hanano as CDO
Cornish Metals Inc has appointed Fawzi Hanano to the non-board role of chief development officer. Mr Hanano is a finance professional with more than 20 years’ experience in the mining industry and global investment banks. With expertise in investor relations, capital markets and corporate strategy, he was previously head of investor relations and communications at […]
Ormonde acquires initial 36.2% of TRU
Ormonde Mining plc has completed its 36.2% acquisition in Canadian copper-gold explorer TRU Precious Metals Corp. BOARD COMPOSITION The Dublin-based company has the potential to increase its shareholding to up to 46.0% through the exercise of warrants. Ormonde also has the right to appoint three out of five of the TRU board of directors, subject […]
Tertiary wins appeal against refusal for Storuman
Tertiary Minerals plc has won its appeal against the refusal for an exploitation concession for its 100% owned Storuman fluorspar project. EXAMINE The company today said that the Swedish Government had annulled the country’s Mining Inspectorate decision not to grant the 2019 mining concession. The Government has also instructed the inspectorate to re-examine its decision […]
EnQuest plans exit from Nasdaq Stockholm
EnQuest plc plans to delist from Nasdaq Stockholm because of additional compliance costs when it no longer had a legal or physical presence in Sweden. EUROPEAN UNION The company depends on external support to ensure compliance with Nasdaq Stockholm, which had created the additional unexpected expense. The formal application for delisting will be submitted to […]
Prospex converts £225,377 CLNs to 5.3m shares
Prospex Energy plc received notices to convert a total £225,377.72 in two convertible loan notes (CLNs) in exchange for 5,303,006 new ordinary shares of 0.1p each in the company. The CLNs, issued in July 2022, are convertible at 4.25p per share. On admission, Prospex will have a total of 312,603,360 ordinary shares in issue. Chief executive […]