Tungsten West plc plans to raise £43 million comprising £29,288,296 via a direct subscription, up to £10,983,111 through a placing by way of an accelerated bookbuild, and a retail offer of up to £3 million. SHARES SALE The two-tranche fundraise for new ordinary shares of one pence each, is at a price of 18 pence […]
Tag: placing
Arkle adds Namibia Uranium to portfolio
Arkle Resources plc has expanded into uranium with an 85% interest in Namibia Uranium Pty Ltd, for £2.032 million in shares and cash raised through a “significantly” oversubscribed fundraise. DIRECTORS’ DEALINGS Namibia Uranium holds four exclusive prospecting licences, adjacent to three major uranium deposits of Trekkopje, Marenica and Rössing in the Erongo Region. Arkle said […]
Strategic raises £4m for Redmoor
Strategic Minerals plc has raised gross £4 million through the issue of an aggregate 307,692,308 new ordinary shares in the company of 0.1 pence each, at a price of 1.3p per new ordinary share. TVRs The fundraise comprised a placing and a subscription for 123,076,922 and 184,615,386, respectively. Strategic said that demand had exceeded expectations, […]
Critical Mineral raises £2.925m
Critical Mineral Resources plc has raised £2.925 million via a placing and subscription for an aggregate 129,999,995 new ordinary shares, at a price of 2.25 pence per share. PROSPECTUS The placing of 108,888,885 new ordinary shares raised gross £2.45m, while the subscription of 21,111,110 new ordinary shares with a strategic major shareholder raised £475,000. Each […]
Predator raises £4.5m to drill Snowcap-3
Predator Oil & Gas Holdings plc has conditionally raised £4.5 million via a placing of 128,571,419 million new ordinary shares of no par value in the company, at a placing price of 3.5 pence each. TVRs The company said it had used some of its existing ability to issue shares under the Financial Conduct’s Authority Public Offers and Admissions to Trading […]
Corcel raises £3m via placing
Corcel plc has raised £3 million via an equity placing of 857,142,858 new ordinary shares of £0.0001 each, at a price of £0.0035 per share, from two new shareholders. TVRs The company said that the new investors had “decades of institutional investment experience and deep expertise in global capital markets”. Following admission, Corcel’s total issued […]