Prospex Energy plc has raised £1,031,650 via a placing and subscription of 22,925,555 new ordinary shares at a 4.4% discounted issue price of 4.5 pence per share. RETAIL OFFER Directors and persons discharging managerial duties also participated for a total of 1,444,444 new ordinary shares. Non-executive chairman Bill Smith and chief executive officer Mark Routh […]
Tag: placing
Karelian raises £185,000
Karelian Diamond Resources plc has raised £185,000 via a 30% discounted placing and subscription of 0.75 pence over a total 24,666,666 new ordinary shares each of €0.00025. TVRs The placing involved 18 million ordinary shares to raise £135,000 before expenses, while “certain parties” subscribed for 6,666,666 new ordinary shares at the issue price to raise […]
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 […]
United raises £140,000 via placing
United Oil & Gas has raised gross £140,000 through a placing of 100 million new ordinary shares of £0.0001 each at a price of 0.14 pence per share with an existing shareholder. TVRs The placing utilises the company’s current remaining share issuance authority, excluding existing warrants. Following admission, United’s total issued share capital will comprise […]
Redmoor exploration bolstered by £1m fundraise
Cornwall Resources Ltd’s parent company has raised £1 million via a 25% discounted placing of 333,333,333 new ordinary shares to certain investors at a price of 0.3 pence per share. TUNGSTEN Strategic Minerals plc said that proceeds of the oversubscribed placing would be mainly used to progress the Redmoor tungsten-tin-copper project in Cornwall and for […]
Alba raises £75,000 via placing
Alba Mineral Resources plc has raised £75,000 before expenses by placing 600 million new ordinary shares each at 0.0125 pence to an institutional investor. Following admission, the company’s ordinary shares in issue will total 11,541,721,949, with none held in treasury. Alba’s assets include the Dolgellau gold belt, including the historic gold mines of Clogau-St David’s […]