Ormonde Mining plc plans a 36.2% controlling investment, with an option for a further 10%, in a Canadian explorer of a gold-copper asset with “world-class” potential in Newfoundland. CAPITAL The company said that the acquisition, subject to Ormonde shareholder approval, is via a private subscription for 60 million new common shares of TRU Precious Metals […]
Author: editorial
Tullow Oil directors buy and exercise options for a total 7.6m shares
Tullow Oil plc reported option exercises and further purchases by directors of a total 7,565,289 ordinary shares each of 10 pence in the company. PURCHASES Non-executive director (NED) Roald Goethe yesterday bought 200,000 shares each at an average price of 27 pence for £55,994. On 28 June, NED Sheila Khama purchased 32,900 shares each at […]
Angus agrees £6m bridge loan
Angus Energy plc has signed a heads of terms for a further six-month bridge loan of £6 million. USES The company added that the previous £3m debt facility from March 2023 had been rolled according to its terms for a further three months. Terms of the £6m facility will be agreed next week. Funds will […]
Capricorn pays $4.3m to governments for 2022
Capricorn Energy plc reported a total $4,339,000 payments during 2022 to governments for its oil and gas assets. The company paid $2,503,000 to Mexico; £264,000 to the UK; £1,515,000 to Mauritania; and $57,000 to Israel. Payments are for licence fees and also include £4,000 taxes in the UK.
Golden Metal begins grant application for Pilot
Golden Metal Resources plc has started the application process for a short list of non-dilutive government grants for its Pilot Mountain tungsten project in Nevada, USA. TARGETED Funding will allow the company to “fast-track” its flagship asset and establish Pilot Mountain as the “only domestic American primary mined source of tungsten”. The move follows the company’s appointment […]
Predator receives £1.9m from directors’ shares sale
Predator Oil & Gas Holdings plc received a £1,890,000 loan before expenses after two directors sold 18 million shares. PROSPECTUS Predator said it had insufficient headroom for the issue and admission of new ordinary shares without an FCA-approved prospectus, which it expects to complete “in the coming weeks”. The company aims to publish a revised […]