Corcel plc has raised £200,000 gross from issuing 50,000,000 new ordinary shares of £0.0001 each at £0.004 to its proposed joint venture partner Shangdong New Power COSMO AM&T (NPC). BOARD The company has also issued one warrant for every one share exerciseable at £0.005 at any time over the next year. On admission, Corcel’s total issued share capital will comprise 580,208,295 ordinary […]
Tag: finance and funding
Europa raises £7m via discounted placing
Europa Oil & Gas (Holdings) plc has conditionally raised £7.02 million, before expenses, to fund a new acquisition in the North Sea. DISCOUNT The company added that this was at a 21.7 % discount to the 30-day volume weighted average share price on 2 March 2022. A Primary Bid offer, announced yesterday, is a separate and distinct offer, […]
Anglesey raises £768,000 via discounted placing
Anglesey Mining plc raised £768,230 after issuing 22,595,000 new ordinary shares, representing 10% of the company’s current issued share capital, at 3.4 pence each. NEW SHAREHOLDERS The placing price represents a discount of 5.6% to the closing price on 7 October 2021. The investors include chief executive Jo Battershill who subscribed, via his company JJB […]
IOG raises £8.5m via placing-subscription
IOG plc raised £8.5 million through a placing and subscription of 33,800,000 new ordinary shares each at a price of 25 pence with existing and new investors. BOARD AND PDMR Certain directors and persons discharging managerial responsibilities (PDMRs) have entered into direct subscription agreements with the company for a total of 200,000 shares raising approximately […]
Power Metal receives £43,750 via warrant exercise
Power Metal Resources plc received £43,750 following notices to exercise warrants over 6,250,000 new ordinary shares of 0.1 pence each in the company. The warrant shares are each being issued at an exercise price of 0.7 pence.
EnQuest borrows $750m for Golden Eagle
EnQuest plc has signed a new senior secured borrowing base debt facility for $750 million (£531 million) to refinance the Golden Eagle acquisition in the Central North Sea. The new facility is for $600 million with an additional $150 million for letters of credit for up to seven years. EnQuest said it would allow the […]