Tungsten West plc has arranged an unsecured £4 million bridge loan facility and conditionally agreed the full conversion of the 2023 convertible loan notes, with the same existing investors. PRODUCTION The agreement will advance of the “overall construction funding package” for the company’s Hemerdon tin-tungsten mine in Plympton, Devon. The bridge facility, which accrues 15% […]
Tag: finance and funding
Corcel raises £3m via placing
Corcel plc has raised £3 million via an equity placing of 857,142,858 new ordinary shares of £0.0001 each, at a price of £0.0035 per share, from two new shareholders. TVRs The company said that the new investors had “decades of institutional investment experience and deep expertise in global capital markets”. Following admission, Corcel’s total issued […]
Oriole receives first $300,000 for Bibemi earn-in
Oriole Resources plc has received the first US$300,000 tranche of funding from BCM International Ltd, relating to an earn-in completion agreement at its Bibemi gold project in Cameroon. NEGOTIATIONS BCM has now earned a 50% beneficial interest in the Bibemi orogenic gold project, located in the northeast of the country. The operator is also earning […]
Galantas increases fundraise to CA$13.5m
Galantas Gold Corporation has increased its recent fundraise from CA$7 million to $13.5m following “strong investor demand”. CHILE The Canadian explorer and miner issued a total of 168,750,000 units, comprising one Galantas share and one warrant, at a price of C$0.08 per unit. Agents will be allowed to raise up to an additional additional C$2,025,000 […]
UKOG increases issued share capital
UK Oil & Gas plc, which is currently shifting its focus away from natural resource extraction, has increased its issued share capital with a £520,000 fundraise for its hydrogen storage project. TVRs The company issued 3,249,134,670 shares through a placing, at a 25% discounted issue price of 0.016 pence per share. Following admission, UKOG’s total […]
Oriole raises £2m
Oriole Resources plc has conditionally raised £1.8 million via a placing of 750m new ordinary shares of 0.1 pence each, and £230,000 through a retail offer of 96,640,463 new ordinary shares, at a price of 0.24 pence per share. TVRs The placing price is equal to the bid price of the company’s ordinary shares at close of […]