Capricorn Energy plc issued details of its new board members appointed at this week’s requisitioned general meeting. None of the directors currently holds shares in the company. CHRIS COX Interim chief executive officer Chris Cox has more then 40 years’ experience in the global oil and gas upstream sector. Having held various senior roles with […]
Author: editorial
Capricorn’s new board to review company’s future
Capricorn Energy plc’s new board appointed this week is expected to undertake a comprehensive strategic review of the business and potential directions for its future. NEW BOARD In the general meeting on 1 February, which was requisitioned by shareholder Palliser Capital Master Fund, six new members of the board were appointed each with 99.2% support. […]
Conroy finds further gold continuity at Clontibret
Conroy Gold and Natural Resources plc said it had found further evidence of resource continuity at the Clontibret joint venture gold project in County Monaghan, Ireland. LODE ZONES Partner Turkish miner Demir Export S.A. is completing an eight-hole step-out drilling programme which has shown so far new gold zones and extended mineralisation. The Clontibret deposit, […]
Power Metal stakes two further uranium assets
Power Metal Resources plc has staked two further uranium properties, taking the total to 14 over 940km2 in its portfolio over the Athabasca basin area in Saskatchewan, Canada. PROSPECTIVITY The company said that the acquisitions represented some of “the most significant additions” to its uranium portfolio. Power Metal paid C$5,842.34 (£3,600) for the properties which have a two-year […]
Block secures $1m loan to accelerate West Rustavi
Block Energy plc has closed a senior secured loan of US$1.06 million (£860,000) with various existing shareholders and two of its management. RELATED PARTIES Chief executive officer Paul Haywood provided $90,000 and chief operating officer Ken Seymour provided $100,000 of the loan. The company said that the funds would give additional headroom to accelerate its […]
Altona prepares new fundraise for delayed listing
Altona Rare Earths plc is preparing to raise £1.5 million ahead of listing on the main market of the London Stock Exchange. FUNDRAISE The company aims to raise approximately £1.25m via a placing and subscription by certain directors of the company and other investors. In August 2022, Altona raised £1.1m but the admission process took longer […]