Conroy Gold and Natural Resources plc plans to raise up to £800,000 to progress drill testing on its gold licences in Ireland. Phase II drilling will target the Orlock Bridge Fault extension, from Clay Lake in Co. Armagh towards Clontibret in Co. Monaghan. The company will also drill at Clontibret, which is an anchor for […]
Tag: private placing
Block agrees conditional entry into Gabon
Block Energy plc has conditionally agreed to invest in the Ndjila and Mpari production sharing contracts offshore Gabon, through a proposed US$6.3 million (£4.65m) fundraise. POTENTIAL The agreement, which adds to the company’s existing Georgia oil and gas asssets, is with Pilgrim Exploration Ltd whose subsidiaries own a 90% interest in the PSCs. The project […]
Arkle raises £500,000
Arkle Resources plc has raised £500,000 via a private placing of 166,666,667 new ordinary shares at 0.3p per share with existing and new shareholders in the UK and Ireland. DIRECTORS The placing price represents a premium of 28%. Each placing share has one warrant attached to subscribe for one new ordinary share at 0.3p, for […]
FCM raises £256,500 via placing
First Class Metals plc has repaid 5.9 million shares to and borrowed 9.5m from its chairman, raising £256,500 via a 16% discounted private placing of 9.5m shares at 2.7 pence per share. ONTARIO In July Mr Knowles loaned two tranches of shares totalling 5,912,059 ordinary shares of £0.001 par value, which were issued to him […]
FCM raises £85,000 via private placing
First Class Metals plc has raised £85,500 via a private placing of 3,035,714 ordinary shares of £0.001 par value at a 5.6% premium of 2.8 pence per placing share. AGREEMENTS Executive chairman and director James Knowles will loan a number of shares because the company has insufficient headroom to issue and admit the placing shares without a […]
WGE completes C$1.2m fundraise
Western Gold Exploration plc said it had completed its previously announced non-brokered private placement for C$1,243,580 via a private placement. The company issued 17,765,428 common shares each at a price of C$0.07. Monaco-based Zila Corporation, which held 14.07% of WGE’s issued and outstanding common shares, acquired 4,285,714 shares for C$300,000. The investor now holds 11,334,388 […]