Anglesey Mining plc shareholders today approved a proposed capital reorganisation, of one ordinary share replacing every ten in the company. RESOURCE Admission of the 48,482,226 new ordinary shares is expected on or around 13 February 2026. The company previously stated that the shares reduction allowed further fundraises, possibly through issuing new shares, to develop its […]
Tag: shareholders’ vote
Europa’s future uncertain without £3.5m placing
Europa Oil & Gas (Holdings) plc said it faced an uncertain future if shareholders rejected a conditional £3.5m fundraise, through the placing of 291,667,000 new ordinary shares. USES A retail offer also aims to raise up to £350,000, via the issue of up to 29,166,667 new ordinary shares of £0.01 each. The company holds interests […]
Alba investors to vote on further stake in Motzfeldt
Alba Mineral Resources plc shareholders are due to vote on the company’s purchase of a further 25.5% stake in the Motzfeldt niobium-tantalum-zirconium-rare earth element project, located in South Greenland. TRANSPORT The acquisition for a total of £518,070 in Alba shares would give the company a 51% controlling interest in and operatorship of the project, which […]
Anglesey proposes capital reorganisation
Anglesey Mining plc has proposed a capital reorganisation to allow further fundraises, possibly through issuing new shares, to develop its 100% owned Parys Mountain polymetal project in North Wales. ENERGOLD The capital reorganisation involves a consolidation and sub-division of its issued shares on a basis of ten existing shares for one new ordinary share of […]
Beacon proposes share consolidation
Beacon Energy plc has proposed a share consolidation of one new ordinary share of nil par value for every 1,000 existing ordinary shares of nil par value. ITALY The company, which posted £18.6 million losses in 2024, became a cash shell in January of this year following the sale of its assets in Germany. Beacon […]
United investors approve £2.23m fundraise
United Oil & Gas plc has issued a total of 1,552,532,979 new ordinary shares of £0.00001 each in a £2.33 million fundraise, following shareholders’ approval in a general meeting. TVRs Each share from the 7 October conditional fundraise has one warrant attached, valid for 12 months from the date of issue. On admission the company’s […]