United Oil & Gas plc has agreed a second deadline extension to the end of July for the sale of its North Sea licence containing the Maria discovery to Quattro Energy Ltd. QUATTRO The company initially signed the £5.7 million asset purchase agreement for P2519 with Quattro, dependent on financing, to be completed 16 April 2023. […]
Author: editorial
Tertiary’s results indicates copper-in-soil anomaly at Lubuila
Tertiary Minerals plc said its preliminary results from soil sampling indicated a “large open-ended copper-in-soil anomaly” at the Lubuila joint venture copper project in Zambia. PROGRAMME The company collected a total 450 soil samples across three separate grids targeting two untested areas of A and B, and a historical copper-in-soil anomaly at area C. Assays […]
GreenRoc reports 255,000 share purchases
GreenRoc Mining plc reported shares purchases in the company by one of its non-executive directors and its chief executive officer’s spouse. Lars Brünner bought 125,000 shares each at 4.6 pence, equivalent to 0.09% in GreenRoc. Marie Leer Jørgensen, wife of Stefan Bernstein, purchased 130,000 shares each also for 4.6 pence, taking the couple’s total shares […]
Egdon sells for £26.6m to shareholder Petrichor
Egdon Resources plc has agreed to be sold for £26.64 million cash to its majority shareholder Petrichor Partners LP which plans to delist the company. TERMS Petrichor is a wholly owned subsidiary of Heyco Energy Group Inc. The parent company of Heyco Energy Group Inc and Petrichor is Explorers Petroleum Corp, controlled by George Yates […]
Potential Adeline buyer sets exploration budget
Chesterfield Resources plc noted its potential purchaser of the Adeline copper project has earmarked C$2m (£1.18m) for summer exploration on the asset in Labrador, eastern Canada. ACTIVITIES Sterling Metals aims for a 2,500 metre drill campaign in addition to the C$500,000 (£296,000) airborne survey planned over the licence area. The finance will come from the […]
Anglesey meets £1m target via placing-subscription
Anglesey Mining plc has met its target fundraise of £1 million by placing 64,999,993 ordinary shares and a subscription of 1,666,666 ordinary shares at a price of 1.5 pence per share. DIRECTORS Chairman John Kearney subscribed for circa 1.7m shares for £25,000 taking his total holding to c.3m shares; chief executive Jonathan Battershill, 1.3m shares […]