The two exploration licences are located within “one of the highest quality, prospective graphite regions in the world”.
Tag: reverse takeover
Lansdowne agrees further £110,000 CLN
Lansdowne Oil & Gas plc has secured further unsecured convertible loan notes for £110,000 with “a number” of its existing shareholders, ahead of its proposed reverse takeover. BARRYROE Among the participants, chairman and director Jeffrey Auld subscribed for £20,000 CLNs on the same terms as other investors. The company said that the aggregate CLNs outstanding […]
Beacon prepares for vote on Colle Santo deal
Beacon Energy plc said it had published its admission document, dated 17 February, in connection with its proposed purchase of an interest in the Colle Santo gas field in Italy. SHAREHOLDERS The company’s share purchase agreement with Reabold Resources plc will result in an investment in LNEnergy Ltd, which owns 90% of the project. In […]
Lansdowne agrees further CLN
Lansdowne Oil & Gas plc has secured further convertible loan agreements for £100,000 with a “number of existing shareholders”. ECT The Dublin-based company said that the aggregate CLNs outstanding are now £330,000. Lansdowne will use the funds for working capital as it progressing towards a potential reverse takeover, targeted to complete during the first quarter […]
Beacon agrees ‘pivotal’ deal over Colle Santo
Beacon Energy plc has reached a binding conditional agreement to buy shares, in a “transformational, value enhancing transaction”, in the Colle Santo gas field in the Abruzzo region, Italy. REABOLD The company, which posted £18.6 million losses in 2024 and is currently a cash shell, signed the share purchase agreement with investor Reabold Resources plc, which […]
Ormonde acquires 20% stake in Peak Nickel
Ormonde Mining plc has acquired a 20% interest in Sheffield-based Peak Nickel Ltd which has interests in “battery metal” mining prospects. PROGRAMME The company said its investment would enable a “fast-track initial work programme” aimed at identifying modern, code-compliant resources. Ormonde will pay £450,000 and is granted exclusive option either to invest up to a […]