Red Rock Resources plc has issued 95,238,095 ordinary shares of £0.0001 each in the company to settle a loan of £20,000. HOUSING JV Following admission, the company’s total issued share capital will comprise 9,675,142,514 ordinary shares, each with equal voting rights and none held in treasury. Red Rock’s interests are in gold and base metals, […]
Tag: loan
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 […]
Hummingbird secures further loan
Hummingbird Resources plc has increased its debt with a US$5 million unsecured interest-free loan from its major investor CIG SA. Funds will be used to pay the first instalment to the Government of Mali, where the company owns the Yanfolila gold mine. The loan has a fixed $2.8mn royalty payable between 1 March 2025 and […]
Hummingbird secures new $35.6m loan deal
Hummingbird Resources plc has refinanced its loan agreement to US$35.6 million to support its subsidiary’s operations in southern Mali. NEEDS The unsecured amount plus accrued interest at 9%, from its largest shareholder Nioko Resources Corporation, is repayable on 31 December 2025. The new arrangement follows Nioko’s mid-December buyout cash offer for the company. Hummingbird shareholders […]
FCM loan increases for North Hemlo-Sunbeam
First Class Metals plc’s existing loan has further increased from £500,000 to £700,000 for the North Hemlo and Sunbeam gold projects in Ontario, Canada. DRILLING The money from Seventy Ninth Group Ltd, which initially loaned £230,000 in June, adds to the investor’s proposed £2.18 million financing. Funds will be drawn in a single tranche and […]
FCM increases loan to £500,000
First Class Metals plc has more than doubled its loan for exploration in northern Ontario from the Seventy Ninth Group. KERRS The new loan agreement increases the original figure from £230,000 to £500,000 and will be drawn in a single tranche, repayable on 25 May 2025 at 15% interest. Seventy Ninth, which previously purchased McKellar […]