Nativo Resources plc has raised £640,000, by means of a placing, to progress its gold projects in Peru. USES Net proceeds will go towards commissioning the gold ore processing plant, including construction and engaging an engineering, procurement and construction (EPC) contractor, and further underground development of the Tesoro gold concession. Funds will additionally advance Nativo’s […]
Tag: shares for fees
Panther secures more time for Obonga SPA
Panther Metals plc has secured a further 12 months to the sale and purchase agreement for the Obonga project, which covers over 90% of the Obonga Greenstone Belt, in Ontario, Canada. EXPLORATION The volcanogenic sulphide project contains base and precious metals and a range of ‘critical’ metals and minerals including gallium, rare earth elements, lithium […]
Anglesey issues 772,500 shares for fees
Anglesey Mining plc has issued 772,500 new ordinary shares, of nominal value £0.01, to settle fees for former directors of the company’s board. TVRs Following admission, the company’s total issued share capital will comprise 65,586,803 ordinary shares, each with voting rights. Anglesey is progressing its Parys Mountain copper-zinc-lead-gold-silver project in northwest Wales.
Fulcrum secures surface rights at Teck Hughes
Fulcrum Metals plc has secured five long-term surface rights over 270 acres around the Teck Hughes gold mine tailings recovery project in Ontario, Canada. STRATEGY The deal gives the company access to land and flexibility for “exploration activities, environmental studies, infrastructure planning and future development work”. Fulcrum said that the move was a “positive step […]
Critical Mineral issues 2.2m shares
Critical Mineral Resources plc has issued an aggregate 2,243,778 new ordinary shares to settle fees and interest on debt. TVRs The company issued 1,955,556 new ordinary shares to certain service providers to settle outstanding fees of £44,000. A total of 288,222 new ordinary shares were also issued to convert interest on debt, following notice from […]
Nativo issues 13.6m new shares
Nativo Resources plc has issued 13,641,002 new ordinary shares of 0.15 pence in lieu of cash for services and accrued directors’ salaries. TVRs A total of 4,090,909 new ordinary shares of 0.15 pence each were issued, at a price of 0.44 pence per new ordinary share, for services. Chief executive officer Stephen Birrell and executive chairman Christian Yates, subscribed for ordinary […]