Fulcrum Metals plc has raised £245,010 via an oversubscribed subscription for 8,166,990 new ordinary shares of one pence each with certain sophisticated value-add mining industry, high net worth and institutional investors. TVRs The subscription, at the issue price of three pence per share, follows a fundraise earlier this month of just over £1 million. Each […]
Tag: finance and funding
Union Jack raises £2m
Union Jack Oil plc has raised £2 million before expenses through a placing and subscription of an aggregate 40 million new ordinary shares of five pence each, at five pence per new ordinary share. DIRECTORS Each placing and subscription share has one warrant attached, exercisable at eight pence for a period of two years, equal […]
Fulcrum raises £1m via placing-subscription
Fulcrum Metals plc has raised a total of £1.045 million via a placing and direct subscription of new ordinary shares of one pence each in the company, at three pence per share. METALS ONE The placing of 29 million new ordinary shares raised £870,000, with one warrant attached to every two shares subscribed, exercisable at […]
Helium One agrees £10m for Galactica-Rukwa
Helium One Global Ltd has agreed a conditional £10 million investment for its projects in Colorado, USA and the southern Rukwa Basin in Tanzania. ITUMBULA Marex Financial arranged the financing involving three institutional investors who may convert the advance into ordinary Helium One shares at any time. Helium One will repay any outstanding amount of […]
Corcel raises £1.1m for KON-16 seismic
Corcel plc has raised £1.1 million through a placing of 323,529,407 new ordinary shares of £0.0001 each at £0.0034 per share from a new and existing institutional investors. DIRECTORS Proceeds will go towards a 2D seismic programme during the third quarter of this year at the company’s operated KON-16 block, onshore Angola. New investor Toronto-based Purpose […]
Rockhopper confident of €31m Italy insurance
Rockhopper Exploration plc could be in line for €31 million from its insurance policy relating to the Ombrina Mare arbitration. TRIGGER The dispute followed the Italian Government’s ban on oil and gas exploration within 12 miles of the country’s coastline, which affected the company’s activities in the oil field. Rockhopper took out insurance in October […]