UK Oil & Gas plc, which is currently shifting its focus away from natural resource extraction, has increased its issued share capital with a £520,000 fundraise for its hydrogen storage project. TVRs The company issued 3,249,134,670 shares through a placing, at a 25% discounted issue price of 0.016 pence per share. Following admission, UKOG’s total […]
Tag: placing
Oriole raises £2m
Oriole Resources plc has conditionally raised £1.8 million via a placing of 750m new ordinary shares of 0.1 pence each, and £230,000 through a retail offer of 96,640,463 new ordinary shares, at a price of 0.24 pence per share. TVRs The placing price is equal to the bid price of the company’s ordinary shares at close of […]
Block raises £1.5m
Block Energy plc has raised £1,499,974 via an institutional placing of, and direct subscriptions for, a total 214,282,000 new ordinary shares of 0.25 pence each, at an issue price of 0.7 pence per share. TVRs The company, with oil and gas assets in Georgia, said the fundraise had attracted strong demand from new and existing investors. The fundraise, which […]
Panther completes fundraise at £655,569
Panther Metals plc has raised a total of £55,569 in the retail offer for existing shareholders, for 92,616 new ordinary shares. TVRs The retail offer, together with the 28 October placing of 1,092,616 new ordinary shares, has raised in aggregate £655,569.60. Following admissoin, the company’s issued ordinary share capital will comprise 6,983,986 ordinary shares, with […]
Alba completes first stage acquisition of Motzfeldt
Alba Mineral Resources plc has completed the first stage cash and shares acquisition of the Motzfeldt niobium-rare earth elements-tantalum-zirconium project in southern Greenland. FUNDRAISE Current owner is Elemental Rare Metals Ltd of which Alba’s executive chairman George Frangeskides is a founder, significant shareholder and funder. Alba said that its acquisition agreement had been modified for […]
First Development raises £1m
First Development Resources plc has raised £1 million through an over-subscribed discounted placing of 33,333,333 new ordinary shares of one pence each in the company. TVRs The issue price of three pence per placing share is an 8% discount from the middle close market price of 3.25p as at the close of business on 24 […]