UK Oil & Gas plc (UKOG) raised £3 million in a discounted placing 3,428,571,425 new ordinary shares each at 0.0875 pence. The company said the placing price represented a discount of 20.3% to the closing price of 0.1098 pence per ordinary share on 9 September 2022. The placing shares are equal to 16.25% of the […]
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Prospex receives £80,000 via warrant exercise
Prospex Energy plc received £79,999.50 following notice for the exercise of warrants to subscribe for 2,666,650 new ordinary shares of 0.1p each in the company. The warrants were issued pursuant to a warrant agreement in February 2022, relating to a placing announced in March 2021. The exercise price is 3 pence per warrant exercised. Following admission, Prospex […]
FCM appoints Carlos Espinosa to subsidiary board
First Class Metals plc has appointed Carlos Espinosa to the board of its 100% owned subsidiary First Class Metals Canada Inc. Mr Espinosa is a mining executive with more than 30 years’ experience within Canadian capital markets, international business development and commercial banking. He is currently chief executive at RooGold Inc. and director at Monarca Minerals […]
i3 Energy appoints John Festival as non-executive chairman
Oil and gas company i3 Energy plc has appointed John Festival as non-executive chairman, effective immediately. Interim chairperson Linda Beal remains as a non-executive director (NED) and chair of the audit and governance committees. Mr Festival has been a NED with i3 since December 2020 when it acquisition Toscana Energy Income Corporation, where he had […]
Teathers to be renamed Uranium Energy Exploration
Power Metal Resources plc’s planned new uranium-focused subsidiary Teathers Financial plc will be renamed as Uranium Energy Exploration plc (UEE). LISTING The change will come into force after completion of UEE’s acquisition of Power Metal’s Reitenbach property east of the Athabasca basin in Saskatchewan. The new name will also be used for the subsidiary’s planned listing in London. […]
IGas to work with communities over shale gas
IGas Energy plc said it hoped to work with the Government and communities to produce shale gas at its licences in the UK. SCIENCE The company was responding to today’s message from the Prime Minister on the lifting of the moratorium on hydraulic fracturing in England and a review of energy regulation. “We have always […]