Block Energy plc has raised £1,499,974 via an institutional placing of, and direct subscriptions for, a total of 214,282,000 new ordinary shares of 0.25 pence each, at an issue price of 0.7 pence per share. TVRs The company, with oil and gas assets in Georgia, said the fundraise had attracted strong demand from new and existing investors. The fundraise, […]
Tag: finance and funding
Nativo agrees £2m for Peru gold production
Nativo Resources plc has secured £2 million financing, via a susbcription and convertible loan note, with institutional investor YA II PN Ltd, which is managed by Yorkville Advisors Global LP. TVRs Yorkville will subscribe £200,000 for 45,454,545 new ordinary shares, each at a price of £0.0044. The principal amount of the unsecured CLN is £1.8m, […]
Panther exits Pick Lake option due to lack funds
Panther Metals plc has terminated its Pick Lake base and precious metals purchase option with Frontier Energy Ltd after failing to raise enough funds. DISAPPOINTING The company had hoped to buy £4 million of Bitcoin to fund the project, which is part of the Winston Lake tailings option in Ontario, Canada. Pick Lake contains approximately 85% of […]
United investors approve £2.23m fundraise
United Oil & Gas plc has issued a total of 1,552,532,979 new ordinary shares of £0.00001 each in a £2.33 million fundraise, following shareholders’ approval in a general meeting. TVRs Each share from the 7 October conditional fundraise has one warrant attached, valid for 12 months from the date of issue. On admission the company’s […]
Panther completes fundraise at £655,569
Panther Metals plc has raised a total of £55,569 in the retail offer for existing shareholders, for 92,616 new ordinary shares. TVRs The retail offer, together with the 28 October placing of 1,092,616 new ordinary shares, has raised in aggregate £655,569.60. Following admissoin, the company’s issued ordinary share capital will comprise 6,983,986 ordinary shares, with […]
Alba completes first stage acquisition of Motzfeldt
Alba Mineral Resources plc has completed the first stage cash and shares acquisition of the Motzfeldt niobium-rare earth elements-tantalum-zirconium project in southern Greenland. FUNDRAISE Current owner is Elemental Rare Metals Ltd of which Alba’s executive chairman George Frangeskides is a founder, significant shareholder and funder. Alba said that its acquisition agreement had been modified for […]