Kavango Resources plc has raised £750,000 by way of a “heavily oversubscribed” placing at 3p per share over the weekend. A total 25 million new ordinary shares were placed with institutional, high net worth and retail investors. The company said the placing price was not at a discount to the offer price of its shares […]
Author: editorial
Kavango notes potential second target at Great Red Spot in KSZ
Kavango Resources plc said it had found a second target, similar to the Oylmpic Dam polymetallic operation, in the Great Red Spot (GRS) in its Kalahari Suture Zone (KSZ) nickel-copper project in Botswana. GREAT RED SPOT The company added that the GRS conformed to an idealised model for a large iron oxide copper-gold (IOCG) style […]
Orcadian submits concept to cut offshore emissions
Orcadian Energy plc said it had submitted its final report into Central North Sea electrification to the area’s operators and the North Sea Transition Authority. FLOATING WIND TURBINES & HUBS The company’s ‘microgrid concept’ aims to reduce carbon emissions to ensure that the oil and gas are as sustainable as possible. “Orcadian and its consortium […]
GreenRoc Mining CEO Kirk Adams steps down
GreenRoc Mining plc’s chief executive Kirk Adams has resigned from the board, effective from 6 May. The company said that he was leaving for personal reasons. Non-executive director Lars Brünner will be the CEO until the company appoints a new long-term successor.
Red Rock notes directors’ dealings
Red Rock Resources plc has issued 5,038,253 ordinary shares of £0.0001 each in the company under its share incentive plan (SIP) for the 2021/22 tax year. DIRECTORS’ PARTICIPATION The company said that this was agreed by the trustees in their meeting held on 1 April 2022 and approved by the board of directors yesterday, 5 May. Four directors […]
Red Rock attracts $100,000 investment for Zimbabwe lithium project
Red Rock Resources plc said that a group of high net worth investors had acquired a 10% early stage interest for US$100,000 in the company’s lithium project in Zimbabwe. APPLICATIONS The funds will develop the company’s 75% subsidiary African Lithium Resources Pvt Ltd (ALR) which it established in March. Red Rock recently submitted an application […]