Focus Xplore plc has allotted 40 million new ordinary shares of £0.001 each, after receiving notice to convert March 2026 loan notes valued at £10,000, at 0.025 pence per conversion share. TVRs The company will also issue to the noteholder 40m warrants, each exercisable at 0.025 pence per share for a period of four years […]
Tag: Focus Xplore plc
Focus reviews portfolio and new projects
Focus Xplore plc has started to review its existing interests and evaluate a “range of new exploration opportunities”. FINANCES The company’s current exploration portfolio covers uranium, lithium and selected rare earth elements (magnet metals) in Ontario, Canada. The review follows last month’s board resignations and appointments, while the company expects to appoint an additional director. Focus […]
Focus raises £75,000
Focus Xplore plc has raised £75,000 through convertible loan notes to settle “certain historic creditors” and provide working capital. DIRECTORS Each ordinary share, issued on conversion to the holders of the loan notes, has one warrant attached for one new ordinary share. Subscribers for the loan notes include Focus’ new incoming non-executive director Neil Slade […]
Focus makes series of board changes
Focus Xplore plc plans to make a series of board changes, including the appointment of a new chairman and chief executive officer. DIRECTORS Antony Legge will become the independent non-executive chairman, replacing Sean Wade who will step down from the board. David Russell will be appointed executive director and Neil Slade as non-executive director, while […]
Focus NEDs resign
Focus Xplore plc non-executive directors Louis Scheepers and Lukas Marthinus Maree have resigned, with immediate effect. “The company thanks both gentlemen for their support and contribution to the company during their tenure over the last several years and wishes them the very best in their future endeavours,” said Focus. Mr Maree’s role as chairman of […]
Focus positive on Ontario lithium-REE assays
Focus Xplore plc said it was encouraged by assays of rock chip samples taken during phase I exploration at its rare earth element and lithium prospective pegmatites licences in Ontario, Canada. FOUNDATION The acreage comprises the Bay Road REE project and the Iva, Oba, Ellie, Pearl and Burrows lithium projects. Returns from pegmatite and granite […]