Union Jack Oil plc’s new board has 24.39% support from shareholders to reject Reabold Resources plc’s £6.14m offer.
Tag: shareholders
Anglesey to cancel £4m debt with assets transfer
Anglesey Mining plc aims to cancel £4 million of debt by transferring its iron ore interests in Sweden and Canada to its largest creditor, Energold Minerals Inc. INVESTMENT The North Wales explorer, which as at 31 August 2025 held £26,271, will then focus solely on the Parys Mountain polymetal project. The move follows a binding […]
Power plans investor returns via capital reduction
Power Metal Resources plc plans a capital reduction programme aimed at creating “sufficient distributable reserves” to return capital, through share buybacks or dividends, to its shareholders. FLEXIBILITY The company said that the “normal course” action was “highly desirable” to give it the “maximum flexibility” to return value to its investors. Power Metal added: “The company will, […]
Deltic agrees £7m sale to Viaro
Deltic Energy plc has agreed to sell its entire share capital for £6.9 million cash to Viaro Group’s subsidiary RockRose Energy. SELENE Viaro will also provide Deltic with a bridging loan of up to £2.7m to cover working capital before the acquisition becomes effective. Deltic has previously warned about “political and fiscal headwinds” hampering the […]
Metals announces TVR following acquisition
Metals Exploration plc has announced its total voting rights and interests held by significant shareholders following its acquisition of Condor Gold plc. INVESTORS The company has 2,951,875,559 shares in issue, of which 393,513,312 ordinary shares are held in treasury. The total number of voting rights is therefore 2,558,362,247. Nick Candy has 651 million shares, representing […]
Metals shareholders approve Condor acquisition
Metals Exploration plc shareholders have approved the acquisition of Nicaragua-focused Condor Gold plc. TIMELINE At yesterday’s general meeting more than 99% of votes were in favour of the purchase. Completion of the acquisition is subject to remaining conditions and High Court sanction at a hearing expected on 13 January 2025. Condor shareholders approved the sale […]