Ascent Resources plc has raised £400,000 before expenses from existing shareholders through issuing 13,333,333 new ordinary shares of 0.5 pence each, at a price of 3 pence per placing share. Subject to shareholder approval, each placing share has one warrant attached with an exercise price of 5 pence per new warrant share over the next […]
Author: editorial
Corcel exercises option to acquire Canegrass lithium
Corcel plc has exercised its option to acquire the Canegrass lithium project in Western Australia. LOW COST The company signed a 30-day option period in February and, as agreed, will now issue vendor Huntsman Exploration Inc with 50,000,000 new ordinary shares at £0.004, equating to a total £200,000. “Building upon our recent acquisition and farm-out […]
Harbour CEO-CFO awarded total 1.5m shares
Harbour Energy plc has granted its chief executive officer and chief financial officer a total 1,455,398 performance share awards under the company’s 2017 long term incentive plan (LTIP). The company granted CEO Linda Z. Cook (CEO) 947,955 shares awards and Alexander Kane (CFO) 507,434, each at an award price of £2.69. The grants are in […]
PHC recovers 5t contaminated materials from oil leak
An estimated 140,000 litres of oily-water mix and more than five tons of contaminated beach/soil material and contaminated materials have been recovered from the spillage from the Perenco-operated pipeline under Ower Bay in Poole. OPERATIONS Poole Harbour Commissioners (PHC), leading the clean-up operations, added that a cofferdam at the leakage site had been constructed, the […]
Tungsten West to raise up to £9m as cost cutting starts
Tungsten West plc has started “major” cost cutting alongside up to a £9 million fundraise to meet “contractual liabilities” and pay for “significant annual expenditure” at its Hemerdon tin-tungsten mine in Devon. NEW DEBT The company aims to raise a minimum of £5m and up to £6.95m through a placing, not underwritten, of convertible loan […]
UKOG records £2.9m impairment from Horse Hill-1
UK Oil & Gas plc (UKOG) recorded an impairment of £2.9 million of the Horse Hill-1 oil well near Gatwick Airport in Surrey. HORSE HILL The company’s annual review and accounts for the year ended 30 September 2022 states: “Following an impairment review carried out as at 30 September 2022, the net present value of […]