Corcel plc has awarded 555.6 share options to its directors under an adopted share option plan (SOP), as well as 28 million bonus shares to its executive directors. PLANS The company has also adopted a founder share plan (FSP), subject to shareholder approval. Under the FSP, Corcel will grant nominal cost share options to chief […]
Tag: Corcel plc
Corcel increases issued share capital to 7.6bn
Corcel plc has increased its issued share capital, under an acceleration clause, with exercise of the 1,698,125,000 February 2025 warrants, for £3.85 million. TVRs The company said that the last 334,375,000 of exercised warrants came under the block admission dated 24 June 2025. Following the exercise, Corcel’s issued share capital comprises 7,630,333,138 ordinary shares, with one […]
Corcel notes acceleration of warrants exercises
Corcel plc said that the acceleration clause of the outstanding 1,666,875,000 warrants issued on February 2025, and valued at £3.7 million, had been triggered. TVRs A total of 31,250,000 warrants were exercised in June 2025, with the number of warrant exercises to date totalling 1,332,500,000, for £2,998,125. Of the 1,332,500,000 warrants exercised, 332,500,000 fell under […]
Corcel issues 50m new shares
Corcel plc has issued 50 million new ordinary shares following the exercise of 50m warrants at £0.005 per share for £250,000, at a premium to the prevailing share price. TVRs Charlestown Energy Partners, certain Corcel directors and other private investors gave notice of the warrants exercise. The 50m warrants exercised, originally issued on 17 October […]
Corcel awards seismic contract for KON-16
Corcel plc has awarded the contract to acquire a 326-line km of 2D seismic data within the KON-16 block in the Kwanza Basin, onshore Angola. WELL BGP Geophysical Limitada LDA, and BGP Inc. China National Petroleum Corporation (BGP) will target high grade areas to “advance subsurface prospectivity to drill ready status”. The new data, obtained from […]
Corcel raises £1.1m for KON-16 seismic
Corcel plc has raised £1.1 million through a placing of 323,529,407 new ordinary shares of £0.0001 each at £0.0034 per share from a new and existing institutional investors. DIRECTORS Proceeds will go towards a 2D seismic programme during the third quarter of this year at the company’s operated KON-16 block, onshore Angola. New investor Toronto-based Purpose […]