Kavango Resources plc has raised £3.5 million from issuing a total 194.4 million new ordinary shares in two phases including to new strategic investor Arigo Capital Ltd (Rwanda). FIRST FUNDRAISE On 24 October, the company raised £3m by issuing 166,666,660 new ordinary shares each at 1.8 pence. The shares were conditionally placed with institutional and […]
Author: editorial
Predator appoints Carl Kindinger as NED
Predator Oil & Gas Holdings plc has appointed its former non-executive chairman Carl Kindinger as non-executive director (NED). He stepped down from his previous role in 2020 to focus on family matters. Mr Kindinger has held senior corporate finance roles for 30 years in small and medium sized companies in Africa, the Middle East, Ireland […]
Predator NED Thomas Evans steps down
Predator Oil & Gas Holdings plc non-executive director (NED) Thomas Evans has stepped down from the board. Mr Evans, who was appointed to the role in May this year, will spend more time on his other existing commitments.
Predator mobilises rig to drill MOU-2
Predator Oil & Gas Holdings plc has mobilised a rig to a holding location en route to drill the MOU-2 well in the Guercif licence onshore northern Morocco. MOU-2 The contract with Star Valley Drilling Ltd is for rig 101 which successfully drilled and completed rigless testing of the MOU-1 gas discovery well. Predator has […]
Hummingbird notes 2m shares purchase
Hummingbird Resources plc reported purchases of 2,150,000 ordinary shares including those by directors of the company. INTERESTS Chief executive Dan Betts bought 500,000 shares at 5.9 pence per share and finance director Thomas Hill purchased 150,000 shares each at 3.2 pence. Non-executive director Stephen Betts purchased one million shares each at 5.9 pence, and his […]
Power Metal heritage survey clears site drilling at Wallal
Power Metal Resources plc has received approval to start site drilling at the Wallal gold-copper project in the Paterson Province of Western Australia. HERITAGE CLEARANCE The company’s interests in projects in the area are held through its 62.12% subsidiary First Development Resources plc (FDR), which is due to be soon listed in the London capital markets. Wallal is one […]