Panther Metals plc has raised gross £1,190,000, before expenses, via a placing of 1.7 million ordinary shares of no par value, at a 6.67% discounted price of 70 pence per placing share. TVRs The company said that the placing received “substantial” backing from new and existing institutional investors and existing shareholders, was “significantly” oversubscribed and […]
Tag: finance and funding
Europa’s future uncertain without £3.5m placing
Europa Oil & Gas (Holdings) plc said it faced an uncertain future if shareholders rejected a conditional £3.5m fundraise, through the placing of 291,667,000 new ordinary shares. USES A retail offer also aims to raise up to £350,000, via the issue of up to 29,166,667 new ordinary shares of £0.01 each. The company holds interests […]
Tungsten West targets up to £43m fundraise
Tungsten West plc plans to raise £43 million comprising £29,288,296 via a direct subscription, up to £10,983,111 through a placing by way of an accelerated bookbuild, and a retail offer of up to £3 million. SHARES SALE The two-tranche fundraise for new ordinary shares of one pence each, is at a price of 18 pence […]
Tungsten West advances funding talks for Hemerdon
Tungsten West plc said it was progressing further debt funding as it continues preparations to restart production at its Hemerdon tungsten-tin mine, north of Plymouth in Devon. PRODUCTION Talks with “a number of potential lenders” have advanced to term sheet stage, which are additional to August 2025 expression of interest from the US EXIM bank. […]
Lansdowne agrees further CLN
Lansdowne Oil & Gas plc has secured further convertible loan agreements for £100,000 with a “number of existing shareholders”. ECT The Dublin-based company said that the aggregate CLNs outstanding are now £330,000. Lansdowne will use the funds for working capital as it progressing towards a potential reverse takeover, targeted to complete during the first quarter […]
Critical Mineral raises £2.925m
Critical Mineral Resources plc has raised £2.925 million via a placing and subscription for an aggregate 129,999,995 new ordinary shares, at a price of 2.25 pence per share. PROSPECTUS The placing of 108,888,885 new ordinary shares raised gross £2.45m, while the subscription of 21,111,110 new ordinary shares with a strategic major shareholder raised £475,000. Each […]