Corcel plc has issued 900 million placing shares, in connection with the £3.6m fundraise on 19 March. TVRs Following admission, the company’s total issued share capital will comprise 9,415,475,996 ordinary shares, each with one voting righ. The company does not hold any ordinary shares in treasury. Net proceeds will fund drilling Corcel’s first exploration well, […]
Tag: finance and funding
Strategic raises £4.7m
Strategic Minerals plc has raised gross £4.7 million, through direct subscriptions for 134,285,712 new ordinary shares of 0.1 pence each, at 3.5p per new ordinary share. TVRs The company, which owns Cornwall Resources Ltd, said that the subscription was led by a “prominent international investor” who had made the approach. The issue price is a […]
Karelian raises £290,000
Karelian Diamond Resources plc has raised £290,000 through the issue of unsecured convertible loan notes to existing and new investors. LICENCES The three-year loan notes have a conversion price of 1.5 pence per share, which is a 300% premium to the closing mid-market price of 0.375 pence for the company’s ordinary shares on 19 March […]
Botswana raises £1m
Botswana Minerals plc announced it had raised £1,150,000 and appointed a non-executive director to the board, with immediate effect. TVRs For the fundraise, Botswana issued 460 million new ordinary shares of 0.25 pence each, at a placing price of 0.25p per placing share, to existing and new investors. Directors participating include executive chairman John Teeling, […]
Corcel raises £3.6m
Corcel plc has raised £3.6 million via a subscription with “a number” of its existing strategic investors, for 950m new ordinary shares of £0.0001 each, at a price of £0.004 per share. TVRs The company said that the shareholders had made the approach in order to increase their investment at the current market price. Each […]
Prospex raises £2m from CLN
Prospex Energy plc has raised £2 million through its unsecured convertible loan notes, including £653,950 from an extended offering. GAS The overall figure is 25% greater than the initial target of £1.6m, due to strong demand. Net proceeds will support the company’s onshore gas projects, including expenditure in Italy and Spain. The company said its […]