First Class Metals plc has closed the site programme and land use agreement, with an indicative value of US$10.64 million (£8m), for its Kerrs gold project located in northeast Ontario, Canada. EXPLORATION The transaction with nGRND Inc results in the latter holding the conditional right to acquire all 386,465 ounces of gold. nGRND will first buy […]
Tag: finance and funding
Panther raises £2.5m
Panther Metals plc has raised £2.5 million through a placing of 1,851,852 ordinary shares of no par value, representing some 21% of the company’s existing share capital, at 135 pence per placing share. TVRs The placing price was a 3.5% discount to the mid-market closing price of Panther’s shares on 17 June 2026. The company […]
Metals issues 6m new shares
Metals Exploration plc has issued 6,099,128 new ordinary shares of £0.0001 each, following an exercise of options, at an average price of £0.0665 each, for an aggregate of £405,750.56. TVRs Following admission, the company’s issued share capital will comprise 3,285,555,158 ordinary shares, of which 299,385,458 ordinary shares are held in treasury. The total number of […]
First Class raises £1m
First Class Metals plc has raised gross £1 million through a placing of 26,315,790 new ordinary shares, at a price of 3.8 pence per share. TVRs The placing price is a 9.5% discount to the bid closing price of the company’s shares on 8 June 2026. The company will also issue over 909,090 new ordinary shares, in […]
Kavango raises $1.9m
Kavango Resources plc has raised approximately US$1.9 million (£1.4m) in Zimbabwe by way of a subscription for 122,625,215 new ordinary shares. TVRs The shares will be allotted and issued to Dendere Asset Management (Private) Ltd and three pension funds, sourced and facilitated by Dendere, at a subscription price of £0.0115 per share. Following admission, Kavango’s total […]
Tertiary raises £1m
Tertiary Minerals plc has raised £985,000 through a placing of 1.97 billion new ordinary shares of 0.01 pence each in the company, at 0.05p per share. TVRs The placing shares will be issued under the company’s existing share issue authorities. Institutional investors and high net worth individuals participated in the placing, which is at a […]