Altona Rare Earths plc has issued 40 million ordinary shares of one pence each, following an exercise of 40m warrants, at a price of 1.5 pence per share, for a gross £600,000. TVRs Net proceeds will repay the company’s outstanding full single debt with Tracarta Ltd. Altona said that immediately before the warrants exercise, the […]
Tag: debt settlement
Fulcrum settles Tully CLN
Fulcrum Metals plc’s shareholders today approved the part cash payment for, and amended conversion of, its remaining convertible loan note, leaving the company debt free. RESILIENCE The £663,052 CLN, including interest, relates to the August 2023 acquisition of the Tully gold property in Ontario, which matured on 31 July 2025 and was extended to 31 August […]
Red Rock settles £236,000 debt and fees with 200m shares
Red Rock Resources plc has settled £236,032.38 debt and related fees by issuing 199,563,030 new ordinary shares of £0.0001 in the company, each at an average price of 0.1182746 pence. The company has now cleared its outstanding debt due to Diversified Metals Holdings LLC and has less than £60,000 outstanding debt, to be settled in […]
Red Rock issues 19m shares to Riverfort in further debt settlement
Red Rock Resources plc issued 19,176,965 new ordinary shares of £0.0001 each in the company in settlement of £30,186.46 debt owed to Riverfort Global Opportunities PCC Ltd. The shares were issued each at a price of 0.15741 pence. Following admission, the company’s total issued share capital will consist of 1,582,509,999 ordinary shares, each with one […]
Galantas increases target fundraise to C$2.75m
Galantas Gold Corporation said that additional interest had prompted it to increase the previously announced non-brokered private placement and target fundraise from C$2 million to $2.75m. USES In March, the Canadian company announced an offering of up to 5,555,555 units of the company, each at C$0.36, which is now raised to 7,638,888 units. Net proceeds […]