Deltic Energy plc has granted options over a total of 2,025,000 ordinary shares in the company to its directors, senior management and employees. INCENTIVES The options each have an exercise price of 28.25 pence, being the closing mid-market price of an ordinary share on 23 August 2023. The grant of options is a mixture of […]
Author: editorial
Court hearing deferred on challenge to WCM coal mine
West Cumbria Mining Ltd (WCM) said that the rolled-up hearing relating to challenges against the Government’s planning approval for a deep coal mine has been postponed. RESCHEDULED The company added it continued to progress towards the pre-start work required, including design, planning, equipment procurement and associated desk-based work. The hearing, set for 24 to 26 October […]
WCM changes registered address
West Cumbria Mining (Holdings) Ltd has changed its registered address from Sussex to South Yorkshire. Companies House received the filing yesterday for the move from Crawley to c/o Irwin Mitchell LLP Riverside East, 2 Millsands in Sheffield. West Cumbria Mining Ltd also has the same new address.
Horizonte appoints Fernando Marino as operations director
Horizonte Minerals plc has appointed Fernando Marino as operations director for the Araguaia nickel project in northeast Brazil. Mr Fernando has more than 35 years’ experience in the resources industry and a strong track record of increasing and operating mining operations in Brazil. He worked across a range of mining operations for Vale, including as […]
Orcadian agrees more time to repay £1m loan to Shell
Orcadian Energy plc has secured an extension to the repayment date of its $1 million loan plus interest to Shell International Trading and Shipping Company Ltd (Stasco). PILOT FIELD The deadline for repayment has been extended from today to 13 September 2023. Orcadian, which currently holds £95,000, said it was in discussions with Stasco for […]
Red Rock issues 26m shares for £52,500 CLNs
Red Rock Resources plc issued 26,000,000 ordinary shares each at a price of £0.0020196 after receiving notice to convert £52,509.60 of convertible loan notes, including interest. The company has also issued 50 million warrants exercisable into new ordinary shares for two years at 0.2p to an unsecured lender, subject to approval at the next general […]