Union Jack Oil plc has raised £2 million before expenses through a placing and subscription of an aggregate 40 million new ordinary shares of five pence each, at five pence per new ordinary share. DIRECTORS Each placing and subscription share has one warrant attached, exercisable at eight pence for a period of two years, equal […]
Tag: placing
Fulcrum raises £1m via placing-subscription
Fulcrum Metals plc has raised a total of £1.045 million via a placing and direct subscription of new ordinary shares of one pence each in the company, at three pence per share. METALS ONE The placing of 29 million new ordinary shares raised £870,000, with one warrant attached to every two shares subscribed, exercisable at […]
Corcel raises £1.1m for KON-16 seismic
Corcel plc has raised £1.1 million through a placing of 323,529,407 new ordinary shares of £0.0001 each at £0.0034 per share from a new and existing institutional investors. DIRECTORS Proceeds will go towards a 2D seismic programme during the third quarter of this year at the company’s operated KON-16 block, onshore Angola. New investor Toronto-based Purpose […]
Prospex raises £1m for Viura-1B workover
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 […]
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 […]