First Class Metals plc investor The 79th Group Ltd, which is currently under Police investigation for fraud, has reduced its holding in the Ontario-focused metals exploration company. MOMENTUM Quantuma Advisory Ltd which, with Kroll Advisory Ltd, is joint administrator of 79th, today stated that it had entered into a share purchase agreement with Anthony Charles […]
Tag: high net worth investors
Fulcrum raises £245,000
Fulcrum Metals plc has raised £245,010 via an oversubscribed subscription for 8,166,990 new ordinary shares of one pence each with certain sophisticated value-add mining industry, high net worth and institutional investors. TVRs The subscription, at the issue price of three pence per share, follows a fundraise earlier this month of just over £1 million. Each […]
FCM raises £520,000 and plans asset cash sale
First Class Metals plc has boosted its finances with a £520,000 fundraise and proposed cash sale of one of its properties in Northern Ontario, Canada. PROGRESS Chairman James Knowles said that the company had to act decisively following the withdrawal of the second stage investment from The Seventy Ninth Group, which is subject of Police […]
Corcel raises £500,000
Corcel plc has raised £500,000 from the issue of 500,000,000 new ordinary shares of £0.0001 at £0.001 per ordinary share with high net worth investors. The fundraise follows Extraction Srl and a third-party’s inability to provide funds within time for the 15 April equity placing. The 180,000,000 ordinary shares and 180,000,000 warrants which were due to be issued to the […]
Corcel completes £1m placing with cornerstone investor
Corcel plc has completed a placing for £1,055,515 with an oil and gas focused cornerstone investor group. USES The fundraising was at a price of £0.0035, representing a 11% premium to the closing price of 27 March 2023 and a 16.6% premium to the 30-day VWAP. Corcel issued 301,575,574 new ordinary shares of £0.0001 to a […]