Rockhopper Exploration plc plans to raise up to US$140 million (£105m) from “new Israeli-based institutional investors” and “larger existing shareholders” for its share of the Sea Lion oil project’s first phase development. PLACINGS The company holds 35% of the North Falkland Basin field and needs $127m for phase I of operations. Rockhopper has received “firm […]
Tag: placings
Focus raises £317,500 via placings
Focus Xplore plc has raised an aggregate £317,500 via placing new ordinary shares to progress activities in Ontario, Canada. TVRs The fundraise started in February under the company’s previous name of Katoro Gold with a placing of 635 million new ordinary shares, at a placing price of 0.05p per placing share to raising £307,500. The […]
Power Metal raises £1m via placings
Power Metal Resources plc has raised a total of £1,080,000 via two placings, including one by a single investor, to fund drilling at its nickel sulphide project at Molopo Farms Complex, Botswana. PLACINGS The company said that the financing would also enable potential expansion of other priority exploration activities. In the first placing, Power Metal […]