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 […]
Tag: placing
Panther targets £700,000 fundraise
Panther Metals plc has raised gross £600,000 via a discounted placing by its chief executive officer Darren Hazelwood for one million new ordinary shares, which he intends to sell to certain investors. RETAIL OFFER The issued shares represent around 17% the company’s existing issued ordinary share capital. The discount is of 11% to the closing […]
United signs MoU for Walton Morant survey vessel
United Oil & Gas plc has signed a tentative agreement for a specialist survey vessel to undertake the planned piston coring and surface geochemical programme at Walton Morant, offshore Jamaica. PIVOTAL The non-binding memorandum of understanding with TDI Brooks International aims to secure a vessel, en route from Trinidad via Jamaica, during the final quarter […]
Nativo conditionally raises £400,000
Nativo Resources plc has conditionally raised £400,000 via a placing and subscription of a total 88,888,889 new ordinary shares of 0.15 pence each, at 0.45 pence per share. TVRs Each participating investor will receive one warrant for every subscription share, which is exercisable at 0.45 pence for 12 months from admission. Proceeds will contribute to […]
Kavango raises £2.2m
Kavango Resources plc has raised £2.2 million by the issue of 227,751,720 new ordinary shares, each at a price of one pence, by a direct subscription and placing. TVRs The southern Africa-focused company’s major shareholder Purebond Ltd directly subscribed for 111,201,720 new ordinary shares. Kavango’s chairman and director Peter Wynter Bee subscribed for 10 million new […]
Nativo raises £150,000
Nativo Resources plc has raised gross proceeds of £150,000 via a placing of 42,857,142 new ordinary shares of 0.15 pence each, at a price of 0.35 pence per share. PERU The placing price represents a premium of approximately 7.7%. Following admission, Nativo’s total number of ordinary shares in the capital in issue will be 290,292,675, […]