Reabold Resources plc said it had received further shareholder acceptances, now reaching 5.7%, as at 26 August 2026 in support of its £6.14 million offer for Union Jack Oil plc. The total represents 8,352,272 Union Jack shares, which at the end of July had 146,565,896 shares in issue. Reabold’s offer remains open until the unconditional […]
Tag: general meeting
Union Jack receives requisition notice for meeting
Union Jack Oil plc has received a requisition notice, dated 7 July 2026, to hold a general meeting to vote on the removal of its three serving directors and appoint two new ones to the board. TIMELINES The company said that the notice was from shareholders who held 20,650,096 ordinary shares in Union Jack, representing […]
Union Jack hit by non-commercial Crossroads well
Union Jack Oil plc reported a non-commercial outcome at its joint venture Crossroads well in Garvin County, Oklahoma, USA. MEETING Operator and partner Reach Oil and Gas Company Inc encountered “good hydrocarbon shows at several levels from the Hoxbar down to the Basal McLish intervals”. The partners had also perforated and tested four intervals with […]
Reabold makes tentative offer for Union Jack
Union Jack Oil plc has received a non-binding, indicative and undisclosed all-share offer from investor Reabold Resources plc. DEBT Following receipt of the offer by letter on 1 June 2026, Union Jack said it had provided due diligence access to Reabold. “Discussions with Reabold are ongoing and there can be no certainty that any offer will be forthcoming […]
Union Jack investors to vote on ex-director’s reappointment
Union Jack Oil plc shareholders are due to vote on the reappointment of a former director to the board. REQUEST Craig Howie, initially appointed in April 2024 as a non-executive director, vacated the position on 12 January 2026, by a board resolution. During January 2026, Mr Howie also sent two purported requisition notices for a […]
Fulcrum secures £6m for tailings projects
Fulcrum Metals plc has secured £6 million funding with institutional investor YA II PN Ltd to advance its Teck-Hughes and Sylvanite gold mine tailings projects in Ontario, Canada. PILOT PLANT The financing comprises a combination of equity and convertible debt funding as well as an at-the-market subscription facility, arranged with Fulcrum’s broker Clear Capital Markets […]