Scotgold Resources Ltd’s chief executive officer Phil Day intends to resign to spend more time with his family in Australia. The Australian company said it had started the recruitment process for his successor. “I am very pleased with what we as a team have accomplished during my time as CEO,” said Mr Day who began […]
Author: editorial
Kistos profits rise as projects review continues
Kistos Holdings plc’s increase in profits has failed to deter the company from reviewing opportunities outside the UK and Netherlands to avoid “unstable fiscal regimes”. FINANCES Full year 2022 results showed operating profits of €276.3 million (2021: loss of €62.8m) and pre-tax profits of €254.1m (2021: loss before tax of €73.9m). Taxes of €228m, which […]
Red Rock issues 33m shares under previous deal with single investor
Red Rock Resources plc has issued 33,237,805 ordinary shares of £0.0001 each at a price of 0.11 pence under a previously agreed funding arrangement with a single investor. The request for the shares is from US-based institutional investor Diversified Metal Holdings LLC under an agreement from December 2022. The fundraise for exploration and working capital […]
Red Rock pays £65,500 debt with 46m shares
Red Rock Resources plc has repaid £65,500 of accrued debt by issuing 45,964,912 new ordinary shares of £0.0001 each in the company each at a price of 0.1425 pence. Following admission, the company’s total issued share capital will consist of 2,072,796,956 ordinary shares, with one voting right per share. Red Rock holds no shares in […]
Golden Metal identifies Carlin-type gold systems
Golden Metal Resources plc has identified Carlin-type* gold systems from rock sampling at the Golconda Summit project in the Walker Lane mineral belt, northern Nevada, USA. DEPTH The company aims to be the first to drill test fully the “multiple” prospective Lower Plate rocks below the project licence area. These include the Antler Peak limestone, Edna Mountain and Preble […]
Capricorn appoints Paul Ervine as legal director
Capricorn Energy plc has appointed Paul Ervine as group legal director and company secretary, with effect from 31 May 2023. Mr Ervine has been with the company since 2013.