Oriole Resources plc has issued three million new ordinary shares of 0.1 pence each, following a warrants exercise at a price of 0.25p per share, for an aggregate £7,500. CAPITAL Following admission, the company will have outstanding a total of 147,447,778 warrants and 399,916,245 options over ordinary shares, representing 3.78% and 10.25% respectively of the enlarged […]
Tag: Senala – Senegal – West Africa
Oriole issues 2.3m new shares
Oriole Resources plc has issued 2,330,000 new ordinary shares of 0.1 pence each following a warrants exercise at a price of 0.25p per warrant share, for £5,825. TVRs A total of 150,447,778 warrants and 399,916,245 options over ordinary shares, representing 14.12% of the company’s enlarged issued share capital, remain outstanding. On admission, Oriole’s issued share capital […]
Oriole directors buy 19.7m shares
Oriole Resources plc reported three directors’ purchases of a total 19,711,343 ordinary shares of 0.1 pence each in the company, at an average price of 0.21 pence per share. TVRs Chair Eileen Carr bought 15 million shares and now holds 196,672,969 shares, equal to 5.05% of the issued share capital of Oriole following the transaction. Chief […]
Oriole renews Senala gold exploration licence
Oriole Resources plc has secured a three-year renewal for its Senala gold exploration licence in Senegal. BLOCKS The company holds an 85% interest in Stratex-EMC SA, the holding vehicle for the renewed licence. AGEM Senegal Exploration Suarl, a wholly-owned subsidiary of Managem Group, recently completed a six-year investment to acquire an approximate 59% beneficial interest in […]
Oriole earn-in partner completes option term at Senala
Oriole Resources plc earn-in partner has completed its six-year term and is expected to hold 59% of the Senala gold project in Senegal. DISCUSSIONS Managem Group confirmed to the company that, since the 2018 option agreement, its subsidiary AGEM Senegal Exploration Suarl had spent US$5.8 million on the project. AGEM’s beneficial ownership in the Senala […]
Oriole considers future of Senala gold project
Oriole Resources plc is considering its next steps, including a joint venture or sale, for the 472.5km2 Senala gold licence in southeast Senegal. AGREEMENT The company’s existing option agreement for the project with earn-in partner Managem Group is due to expire on 17 February 2024. Oriole said that the Moroccan miner, which purchased the interest […]