First Class Metals plc has fully converted the January 2026 loan note with the issue of 1,619,793 shares with the value of £37,500. SUNBEAM The shares’ issue on 4 June 2026 follows that on 3 June of the same number of shares with the same aggregate value. Following admission, First Class’s total issued share capital […]
Tag: convertible loan notes (CLN)
First Class completes acquisition of Kerrs
First Class Metals plc has made the final cash payment to secure 100% of the Kerrs gold property option in Timmins mining camp, northeastern Ontario. CLN The company completed the acquisition ahead of the three-year target, as stated in April 2024. The project comprises 36 units covering some 665 hectares, and has a historic NI […]
Sunda issues 15.4m new shares
Sunda Energy plc will issue 15,426,039 new ordinary shares following notice from Alumni Capital Ltd to convert £250,000 of the balance of its convertible loan note, plus a £25,000 finance charge. TVRs The conversion into ordinary shares of 0.1 pence each is at a price of 1.7827 pence, which is a 15% discount to the […]
Fulcrum secures £6m for tailings projects
Fulcrum Metals plc has secured £6 million funding with institutional investor YA II PN Ltd to advance its Teck-Hughes and Sylvanite gold mine tailings projects in Ontario, Canada. PILOT PLANT The financing comprises a combination of equity and convertible debt funding as well as an at-the-market subscription facility, arranged with Fulcrum’s broker Clear Capital Markets […]
Critical posts ‘excellent’ assays at Agadir Melloul
Critical Mineral Resources plc reported “consistent copper mineralisation” and “excellent zones of thickness and copper grade” from the first drill assay results at Agadir Melloul in central Morocco. SCALE The company said that in some areas, copper mineralised drill intercepts averaged approximately 5m true width. Results include 5.0m at 1.20% copper, 0.77g/t gold and 1.4g/t […]
Karelian confident over Kuhmo drill intersects
Karelian Diamond Resources plc has intersected rock material, “associated with diamond-bearing kimberlite provinces globally” at the anomaly 5 target in Kuhmo, Eastern Finland. LAMPROITE The company noted that global diamond-bearing kimberlite provinces include the world-class Argyle and Ellendale diamond mines in Kimberley, Western Australia. Two of the three holes, drilled in a “swampy area only […]