Oriole Resources plc has issued 107,925,555 new ordinary shares of 0.1 pence each following a warrants exercise at a price of 0.25p per ordinary share, for £269,814. TVRs Following admission, the company will have 869,662,686 warrants and 399,916,245 options over ordinary shares outstanding, representing approximately 17.85% and 8.21% respectively of its enlarged issued share capital. Also […]
Tag: Bibemi gold project – Cameroon
Oriole receives first $300,000 for Bibemi earn-in
Oriole Resources plc has received the first US$300,000 tranche of funding from BCM International Ltd, relating to an earn-in completion agreement at its Bibemi gold project in Cameroon. NEGOTIATIONS BCM has now earned a 50% beneficial interest in the Bibemi orogenic gold project, located in the northeast of the country. The operator is also earning […]
Oriole begins 2,950m drilling at MB01-N
Oriole Resources plc’s partner and operator has started an inaugural 2,950 metre diamond drilling programme at the MB01-North target at the Mbe gold project in central Cameroon. PAYMENTS BCM International Ltd will pay Oriole US$900,000 in three equal monthly instalments, beginning this month, and contribute $300,000 to drilling costs, as agreed on 5 November, for up 50% of […]
Oriole raises £2m
Oriole Resources plc has conditionally raised £1.8 million via a placing of 750m new ordinary shares of 0.1 pence each, and £230,000 through a retail offer of 96,640,463 new ordinary shares, at a price of 0.24 pence per share. TVRs The placing price is equal to the bid price of the company’s ordinary shares at close of […]
Oriole signs Mbe-Bibemi completion agreement
Oriole Resources plc has signed a completion agreement, including 2,950m inaugural diamond drilling, with its earn-in partner on the Bibemi and Mbe gold projects in Cameroon. EXPLORATION BCM International Ltd expects to begin operations in December, and will focus on MB01-N. The operator aims to convert the target’s range of 15 to 20 million tonnes […]
Oriole completes phase V drilling at Bibemi
Oriole Resources plc has completed phase V of drilling, several weeks later than planned, at its 90% owned Bibemi orogenic gold project in Northern Cameroon. REVIEW Operator and earn-in partner BCM International drilled a total 6,915.40m in 56 holes at the Bakassi Zone 1 prospect over three sub-prospects of BZ1-MRE, BZ1-NW, and BZ1-SW. Results are due […]