United Oil & Gas plc has raised £800,000 via a conditional placing and subscription for 444,444,444 new ordinary shares of £0.00001 each, at £0.0018 per share. MEETING The placing raised £654,852 and an additional £145,148 was directly subscribed for with the company. United said that the fundraising was “significantly oversubscribed and was scaled back”. Every two […]
Tag: finance and funding
Tertiary increases fundraise to £375,000
Tertiary Minerals plc has added £25,000 to its June fundraise through a directors’ subscription for new ordinary shares each of 0.01 pence, at 0.03 pence per new ordinary share. TVRs Managing director Richard Belcher and executive chairman Patrick Cheetham each subscribed for 33,333,333 ordinary shares, taking their holdings to 34,206,695 and 117,972,857 shares respectively. Non-executive […]
Panther chair-CEO subscribe for 191,304 shares
Panther Metals plc’s executive chairman and chief executive officer have directly subscribed for 191,304 shares at the marker mid-price of 69p, for an aggregate £132,000. Nicholas O’Reilly subscribed for 36,232 new shares for £25,000, taking his total holding to 113,305 ordinary shares, equivalent to 1.92% of the company’s issued share capital. Darren Hazelwood subscribed for […]
Prospex completes fundraise at £1.2m
Prospex Energy plc has raised a total of approximately £1.2 million from a WRAP retail offer and last week’s placing and subscription. TVRs Proceeds will go towards workover of the Viura-1B well in northern Spain. The company will issue 3,044,638 new ordinary shares at the issue price of 4.5 pence per share in relation to […]
Karelian raises £185,000
Karelian Diamond Resources plc has raised £185,000 via a 30% discounted placing and subscription of 0.75 pence over a total 24,666,666 new ordinary shares each of €0.00025. TVRs The placing involved 18 million ordinary shares to raise £135,000 before expenses, while “certain parties” subscribed for 6,666,666 new ordinary shares at the issue price to raise […]
Cornish Metals given £4m for Bartles foundry
Cornish Metals Inc has received a grant of up to £4,190,500 for the Bartles foundry project to support production at the South Crofty tin mine project in Redruth, Cornwall. CONSTRUCTION The funds are from the Cornwall and Isles of Scilly Good Growth Programme, managed by Cornwall Council, and funded by the UK Government through the […]