Altus Strategies plc announced it would be awarded a number of gold exploration licences in the Eastern Desert of Egypt. AGREEMENTS The Egyptian Mineral Resource Authority (EMRA) will make the award to the company’s 100% owned subsidiary, Akh Gold Ltd. Altus said it was working with EMRA over entering into the definitive exploration licence agreements. […]
Tag: metals and minerals
Power Metal raises £97,737 via warrant exercise
Power Metal Resources plc said it had received £97,737 subscription monies following notices to exercise warrants over 12,631,578 new ordinary shares of 0.1 pence each in the company (warrant shares). The warrant shares are being issued pursuant to the exercise of 12,631,578 warrants at an exercise price of 0.75 pence per ordinary share of 0.1 […]
Power Metal increases Ontario gold assets
Power Metal Resources plc has expanded its Canadian gold portfolio with a new project covering three individual interests in Hemlo North, Ontario. TARGETS The company has signed an agreement to acquire three contiguous exploration sites of Roger Lake with 50 claims, Olga Lake (42) and Dotted East (30), covering a total 25.82km2. The projects are […]
Power Metal receives £41,283 via warrant exercise
Power Metal Resources received £41,283 following notices to exercise warrants over 5,404,663 new ordinary shares of 0.1 pence each in the company. The notices were for 799,400 warrants at an exercise price of 1 pence per ordinary share; 2,105,263 warrants at 0.75 pence per ordinary share; and 2.5 million warrants at 0.7 pence per ordinary […]
Power Metal targets second Australia acquisition
Power Metal Resources plc said it had secured an exclusive 60-day option in a potential new acquisition of copper-gold interests in the Paterson Province in the eastern Pilbara Region of Western Australia. MAJOR CENTRES Chief executive Paul Johnson added that the company was keen to build its Australian base and precious metals exploration with the […]
Condor Gold raises £18,600 through warrant exercise
Condor Gold plc has raised £18,600 following the exercise of warrants to issue 60,000 new ordinary shares with a nominal value of 20p each in the capital of the company at a subscription price of 31p per share.