Capricorn Energy plc has applied for a block admission of 5,316,739 ordinary shares of 799/122 pence each to the London Stock Exchange. TVRs The shares will meet the demand for share option exercises and vesting of awards under the company’s employee share plans. Of the total, 845,313 ordinary shares are expected to be allotted to […]
Tag: London Stock Exchange
Altona starts trading on main market of LSE
Altona Rare Earths plc today began trading on the main market of the London Stock Exchange. PROGRAMMES On admission, the company will have 82,403,199 ordinary shares in issue. Chief executive officer Cedric Simonet said that the move would significantly contribute to unlocking value in Altona’s flagship asset, Monte Muambe, and its strategy of becoming a rare earth […]
Egdon sells for £26.6m to shareholder Petrichor
Egdon Resources plc has agreed to be sold for £26.64 million cash to its majority shareholder Petrichor Partners LP which plans to delist the company. TERMS Petrichor is a wholly owned subsidiary of Heyco Energy Group Inc. The parent company of Heyco Energy Group Inc and Petrichor is Explorers Petroleum Corp, controlled by George Yates […]
Altona defers admission to main market
Altona Rare Earths plc’s admission to the main market will now be at the end of March 2023 while the company finalises its prospectus for approval by the Financial Conduct Authority (FCA). The company last week raised £2 million for the transition which was previously expected to be on 20 March, subject to FCA consent. Altona […]
Ormonde acquires 20% stake in Peak Nickel
Ormonde Mining plc has acquired a 20% interest in Sheffield-based Peak Nickel Ltd which has interests in “battery metal” mining prospects. PROGRAMME The company said its investment would enable a “fast-track initial work programme” aimed at identifying modern, code-compliant resources. Ormonde will pay £450,000 and is granted exclusive option either to invest up to a […]
Altona prepares new fundraise for delayed listing
Altona Rare Earths plc is preparing to raise £1.5 million ahead of listing on the main market of the London Stock Exchange. FUNDRAISE The company aims to raise approximately £1.25m via a placing and subscription by certain directors of the company and other investors. In August 2022, Altona raised £1.1m but the admission process took longer […]