Sunda Energy plc will issue 15,426,039 new ordinary shares following notice from Alumni Capital Ltd to convert £250,000 of the balance of its convertible loan note, plus a £25,000 finance charge. TVRs The conversion into ordinary shares of 0.1 pence each is at a price of 1.7827 pence, which is a 15% discount to the […]
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Sunda raises £405,000
Sunda Energy plc has raised gross £404,780 from a retail offer for the issue of 13,606,029 new shares and 6,802,977 warrants. REORGANISATION The sum raised adds to the £6.7 million raised earlier this week, which will fund the oil and gas exploration company’s proposed expansion into New Zealand. Shareholders are expected to vote on the […]
Sunda investors back directors’ shares issue
Sunda Energy plc shareholders have approved the issue of its directors’ subscription shares, and cover any future exercise of 480 million warrants, from the 17 October fundraise. TVRs The vote at the 10 November general meeting results in granting authorities for the issue of a total of 800 million new ordinary shares. Chairman Gerry Aherne […]
Sunda raises £710,000
Sunda Energy plc has raised a total of £710,000, via a subscription and a now completed retail offer, for an aggregate 2.84 billion shares and 1.42bn warrants. TVRs The 15 October subscription raised gross £240,000 for 960 million new ordinary shares at the issue price, along with 480m warrants. The retail offer was oversubscribed and […]
Metals’ majority investor increases shareholding
Metals Exploration plc’s majority investor Nick Candy has increased his shares in the company. Candy Ventures S.a.r.l, which is majority owned by Mr Candy, and a person closely associated with Metals non-executive director Steven Smith, acquired two million ordinary shares each at an average price of 5.6p. Following the transaction Mr Candy has an interest […]
Sunda puts back Chuditch-2 spud date
Sunda Energy plc expects the spud date to defer to the second quarter of 2025 for the Chuditch-2 appraisal well offshore Timor Leste. RIG The company, which had targeted early 2025 subject to financing, continues to advance funding for the TL-SO-19-16 production sharing contract with Pacific LNG. Preparations for drilling continue with negotiations for its […]