Red Rock Resources plc has issued 158,410,903 ordinary shares of £0.0001 each, to settle accrued interest on a £233,466 convertible loan, at a price of £0.000235 per share. TVRs Following admission, the company’s issued share capital will comprise 9,402,920,277 ordinary shares, each with equal voting rights. The company holds no ordinary shares in treasury. Red […]
Tag: compensation
Karelian registers mining licence for Lahtojoki
Karelian Diamond Resources plc has registered its mining concession for the Lahtojoki project with the land registry in Finland. RIGHTS The documents have also been sent to the country’s mining authority, TUKES, for processing. The company now awaits a mining certificate with the mining rights to the licence. The property in the Kuhmo region covers […]
Karelian mine boundaries finalised for Lahtojoki
Karelian Diamond Resources plc said that the mine boundaries for the Lahtojoki project have been finalised after no appeal was lodged against the August court ruling. RULING Two landowners had 60 days to appeal against the amounts of compensation due to them as well as the mine boundary. The company’s legal advisors have confirmed that […]
Rockhopper awarded €190m in arbitration with Italy
Rockhopper Exploration plc has been awarded €190 million (£160m) compensation relating to the Ombrina Mare oil field dispute following the ICSID* arbitration with Italy. OUTCOME “The arbitration panel unanimously held that Italy had breached its obligations under the Energy Charter Treaty entitling Rockhopper to compensation,” added the company in a statement. “The award is final and binding […]