Orcadian Energy plc has received £322,500 of a total £500,000 in unsecured convertible loan notes from existing and new investors. USES The explorer said it had agreements in place to sell the balance of the CLNs, with the proceeds expected by the end of January 2026. Arranged by the company, the CLNs mature on 31 […]
Tag: finance and funding
Red Rock raises £650,000
Red Rock Resources plc has raised £650,000 via two separate subscriptions and conversion of a debt. TVRs On 19 December, Clear Capital Markets made a cash subscription of 1,990,477,000 new ordinary shares of 0.01 pence each, at a price of 0.021 pence per share. Red Rock will also issue two warrants for every five subscription […]
Altona raises £250,000
Altona Rare Earths plc has raised £250,000 through a subscription of 25 million new ordinary shares of £0.01 each in the capital of the company. TVRs The company will issue the new ordinary shares at a price of £0.01 per share, representing a discount of 23% to the closing mid-price of £0.013 per share on […]
Cornish Metals lists on AIM
Cornish Metals plc today listed on the AIM market of the London Stock Exchange, following completion on 16 December of its redomicile to the UK. FINANCE The Canadian company, progressing its South Crofty tin mine project in Cornwall, issued its entire ordinary share capital of 125,450,089 ordinary shares to trading. The move meets the National Wealth […]
Altona completes 3,400m drilling at Monte Muambe
Altona Rare Earths plc has encountered visible fluorspar mineralisation in “most holes” from completed drilling at its Monte Muambe rare earth elements-gallium project in northwest Mozambique. FINANCING The expanded campaign comprised 15 holes for 691m of diamond drilling and 59 holes for 2,728m reverse circulation drilling, for a total 74 holes for 3,419m. The original […]
Kavango raises $373,000
Kavango Resources plc has raised US$373,323.19 via a subscription held in Zimbabwe for 27,651,514 new ordinary shares, at the equivalent of £0.01 per share. USES The company has applied for the transition of the Victoria Falls Stock Exchange shares to the equity shares category of the Official List of the Financial Conduct Authority and then to […]