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 […]
Tag: finance and funding
Tertiary agrees up to £450,000 CLN
Tertiary Minerals plc has agreed up to a £450,000 unsecured convertible loan for three years to further exploration at the Mushima North silver-copper-zinc project in Zambia. TVRs The company will allot and issue 37,500,000 new ordinary shares for fees to the lender, Sanderson Capital Partners Ltd, at 0.06 pence, being the closing bid price on […]
Block raises £1.5m
Block Energy plc has raised £1,499,974 via an institutional placing of, and direct subscriptions for, a total 214,282,000 new ordinary shares of 0.25 pence each, at an issue price of 0.7 pence per share. TVRs The company, with oil and gas assets in Georgia, said the fundraise had attracted strong demand from new and existing investors. The fundraise, which […]
Nativo agrees £2m for Peru gold production
Nativo Resources plc has secured £2 million financing, via a susbcription and convertible loan note, with institutional investor YA II PN Ltd, which is managed by Yorkville Advisors Global LP. TVRs Yorkville will subscribe £200,000 for 45,454,545 new ordinary shares, each at a price of £0.0044. The principal amount of the unsecured CLN is £1.8m, […]
Panther exits Pick Lake option due to lack funds
Panther Metals plc has terminated its Pick Lake base and precious metals purchase option with Frontier Energy Ltd after failing to raise enough funds. DISAPPOINTING The company had hoped to buy £4 million of Bitcoin to fund the project, which is part of the Winston Lake tailings option in Ontario, Canada. Pick Lake contains approximately 85% of […]
United investors approve £2.23m fundraise
United Oil & Gas plc has issued a total of 1,552,532,979 new ordinary shares of £0.00001 each in a £2.33 million fundraise, following shareholders’ approval in a general meeting. TVRs Each share from the 7 October conditional fundraise has one warrant attached, valid for 12 months from the date of issue. On admission the company’s […]